I started my trading journey by trading cryptocurrencies. I then attempted to learn about stocks but the language and process seems more complicated. I also don't know if you can make significant profits from trading forex without using leverage.
Is Trading Crypto Easier Than Trading Forex?
- Thread starter Golden9
- Start date
If you think crypto trading is easier than forex trading, of course everyone's answers will be different, for professional forex traders maybe crypto is more difficult or vice versa. but you need to know that crypto volatility is higher than forex. Also crypto fundamentals are not clear making it more difficult to predict or analyze, whereas forex forex is very clear because the currency is controlled by the government and is influenced by a country's economy. You can interpret leverage as borrowing money for trading capital, so if you don't use leverage you won't be charged interest, because you won't get the risk of over leveraging, the risk of running out of capital will be smaller, suitable for traders who only want small profits and low risk.
I think its important to consider the volatility factor when deciding whether to trade cryptocurrency or Forex. Its not just about which one is easier but also about which one aligns with your trading style and risk tolerance.
So many people will barge into Forex and crypto trading without having a necessary experience and it will amount to losses.
This is by major reason why they jump into the form of investment and they jumped out also because they do not go into the business with prior experience.
Prior experience is needed before you jump on forex and cryptocurrency Investment because you must be able to analyse the crypto and forex market.
A knowledge of technical and fundamental analysis is very necessary if you want to really develop a very good business in cryptocurrency and forex trading.
It is very difficult to learn about fundamental and technical analysis and it is pivotal for achieving success in cryptocurrency and forex trading.
The ability to identify the support and resistance zones in the technical analysis is phenomenal.
It depends on your own point of view though, personally i feel forex trading is easier cause its easy to understand, and i know notting about crypto trading, but a crypto currency trader would say crypto trading is easier.
Both are complex, an investor or trader should know what are the risks that crypto or forex trading entails, as well as having good risk management and knowing technical, fundamental and macroeconomic analysis and being up to date with the news, is not something easy to do, and will need to study and probably start with demo accounts.
