Which is more safe Forex or Bitcoin Trading?

[Kirubel]

As you may know there are many investors who get a lots of profit from online trading and now trading is more easier than ever due to online websites that allow investors to trad on forex and also on cryptocurrency, but this two currency's are totally different and they have their own principle of trading, so which of this two do you prefer for trading and which of this two is more profitable and have low risk?

 

[magnus2022]

I don't think that any one of them is more profitable. It is solely on individual preference. I prefer cryptocurrency than forex. For me, forex seems complicated and have a lot of professional traders. If you are not professional, it will be difficult for you to excel in forex trading. In cryptocurrency, even a newbie can trade without much ado. This is my personal experience.

 

[Kirubel]

I don't think that any one of them is more profitable. It is solely on individual preference. I prefer cryptocurrency than forex. For me, forex seems complicated and have a lot of professional traders. If you are not professional, it will be difficult for you to excel in forex trading. In cryptocurrency, even a newbie can trade without much ado. This is my personal experience.

I am also more a cryptocurrency trad guy, i use stormgain in order to place my bid, there are a lots of options for cryptocurrency trading than forex trading but when i see YouTube videos most of forex trader say that forex is safe than crypto because of the price fluctuation on forex is manageable than crypto.

 

[Suba]

Fundamentally, forex is controlled by the central bank of each country, so that central banks can fully control the strength of their currency so that it does not decline too far. So traders will find it easier to analyze forex compared to cryptocurrency, while Bitcoin/crypto is controlled by supply and demand. So in my opinion, for beginner traders, forex will be safer than crypto trading.

 

[eLdavis]

I don't really think any is safer than the other though, both have their level of risks. I have never tried crypto trading before but from what i know from forex trading, you need to have a good knowledge about it.

 

[Suba]

Whether trading crypto or forex, traders must master both technical and fundamental skills, both require emotional control, etc. But no one controls cryptocurrency, so crypto prices can fluctuate at will.
Meanwhile, a country's currency is greatly influenced by economic and political conditions, so traders will find it easier to analyze whether a particular currency will rise or fall.

 

[Kirubel]

Fundamentally, forex is controlled by the central bank of each country, so that central banks can fully control the strength of their currency so that it does not decline too far. So traders will find it easier to analyze forex compared to cryptocurrency, while Bitcoin/crypto is controlled by supply and demand. So in my opinion, for beginner traders, forex will be safer than crypto trading.

Good view, you are right forex currencys are controlled buy central bank system so yhe price variation and fluctuation is not that risky, but when we see crypto the price will change fast and sudden.

 

[saoussen5765]

Bitcoin is the manner of payment that you can use to purchase anything or any kind of investment including forex. Forex or other domain some platforms add to cryptocurrency allows even fiat deposit this is to resume.

 

[Starmix]

I prefer trading and I'm starting it now. I will share you here the trading specialist. The initial capital depends on your preference. The least is $500 USD with an assured profit side by side with a robot.

 

[saoussen5765]

I prefer trading and I'm starting it now. I will share you here the trading specialist. The initial capital depends on your preference. The least is $500 USD with an assured profit side by side with a robot.

Not everyone can afford such a cost for sure but some people do trading even with a single dollar so it depends on the broker's terms of service and how much a low amount is allowed to trade.

 

[SHAHID987]

According to my point of view it is much more easy to trade cryptocurrency as compared to forex trading. I myself was almost zero in cryptocurrency trading just before 6 months and after watching videos now I am able to do it.

 

[Kirubel]

According to my point of view it is much more easy to trade cryptocurrency as compared to forex trading. I myself was almost zero in cryptocurrency trading just before 6 months and after watching videos now I am able to do it.

For starters online crypto trading is much easier process to set account and start trading there is no broker and mediator all we have to do is sign up and start trading but in the risk aspect crypt trading is much riskier than forex due to its price fluctuations.

 

[saoussen5765]

For starters online crypto trading is much easier process to set account and start trading there is no broker and mediator all we have to do is sign up and start trading but in the risk aspect crypt trading is much riskier than forex due to its price fluctuations.

The crypto trading requires a verified account on platforms like Binance or Gate and even forex however for platforms that doesn't require verification is Pancakeswap or similar one where you just connect your trustwallet.

 

[Kirubel]

The crypto trading requires a verified account on platforms like Binance or Gate and even forex however for platforms that doesn't require verification is Pancakeswap or similar one where you just connect your trustwallet.

Yeah there are a tons of websites or platforms to make a bid on crypto, and thus online trading sites have their own rules some need kyc verification and some don't need kyc all they need is email verification, i personally use thus who don't need kyc.

 

[Starmix]

Not everyone can afford such a cost for sure but some people do trading even with a single dollar so it depends on the broker's terms of service and how much a low amount is allowed to trade.

That is the minimum and by next week, I will know my gain. I always monitor updates of my trading account. I am encouraged to join because my friends already become rich because of trading.

 

[Kirubel]

Whether trading crypto or forex, traders must master both technical and fundamental skills, both require emotional control, etc. But no one controls cryptocurrency, so crypto prices can fluctuate at will.
Meanwhile, a country's currency is greatly influenced by economic and political conditions, so traders will find it easier to analyze whether a particular currency will rise or fall.

Yeah being experienced is good in everything, but in order to be experienced we have to learn and also try trading, in all aspect its better not to start with huge amount of money, its good to start with little and increase our investments, and for me forex trading have little risk due to its price regulations.

 

[deucher]

I think it is obvious here that Forex is much safer, but not everyone chooses Forex just because of that. For me, bitcoin trading is much more interesting

 

[saoussen5765]

I think it is obvious here that Forex is much safer, but not everyone chooses Forex just because of that. For me, bitcoin trading is much more interesting

Forex platforms have minimum high deposit and requires proof of residency. The problem they reject proof of residency in name of parents that half of us still living with their parents.