Is FX Trading on the way out for Cryptos? - Page 3
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Thread: Is FX Trading on the way out for Cryptos?

  1. #21
    Criptocurrency market is not stable. And forex currency pair and criptocurrency are distinct. Criptocurrency market hasn't evolved entirely yet. Still you can trade if you find some pattern to follow. Otherwise forex is good.

  2. #22
    Quote Originally Posted by ;
    quote Yes, I agree with you. Right now the entire crypto trend is based on high expectations about the bright future of the blockchain technology. However, I believe that in the near future (3-5 years) even more sophistied and more efficient technology will start to emerge. Blockchain will be surpassed by them. So it is very important to ch the trend and also to get in, but it is even more important to recognize when to get out. That's why I said in the previous articles that my approach is hit and run. I get in, I make profit, I get out. Straightforward.
    About more and advanced efficient technology: Lightning Network https://decentralize.today/struck-by...p-491092574cd8

  3. #23
    Quote Originally Posted by ;
    HeyforexintuitiveMembers, here is a question I have been hearing a lot lately. Are FX traders looking to Cryptos and moving away from FX? Cryptos have all of the hype and oh boy have some volatility. Personally, I have kept my FX trading going strong when dabbing in a little Cryptos and ICO's. Would be interested to hear exactly what you and your trading groups thoughts on this. Personally, I have kept my FX trading going strong when dabbing in a little Cryptos and ICO's.
    Yes, certainly. Many FX traders are moving to cripto currencies. And most of the new traders are moving directly to cripto. They have no interest in FX that is ordinary.
    And that is clear. Normal FX trading sucks at this time. The central banks as well as the market manufacturers manipulate the prices. The volatility is too low. The carry trade is dead. The regulations become more and more invasive. (lower leverage limits, stupid rules like FIFO....etc.) While with BTC and another large criptos it's just pure supply and demand. Plus you exchange on REAL market with REAL limit orders. You can exchange like market maker and you're able to make the spread.
    Not to mention the option to produce huge returns. With a few of the more exotic pairs you are able to make 100 percent yield in just a few days. With no leverage.
    Also trend following tends to work on criptos because these markets are somewhat still new, there's a lot of buzz around, in the news and the market as a whole is biased to the upside. So all you have to do is: buy dips, add on breakouts and shut prior to the fear.

    Criptos (blockchain) definitely is the future of finance.

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