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| Is Cryptocurrency Trading More Profitable Than Forex Trading http://choxaydung.vn/forum/viewtopic.php?f=35&t=65850 |
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| Người gửi: | donaldrsimonn [ Chủ nhật 17/07/22 17:46 ] |
| Tiêu đề bài viết: | Is Cryptocurrency Trading More Profitable Than Forex Trading |
Trading Forex and Cryptocurrencies have many similarities. They both are volatile markets which are decentralized with limited regulation. Volatility is a plus for traders because the more an instrument moves the more opportunity there is for profit. Especially with the algorithms you are trading against.As far as more profitable these markets must be approached with a conservative trading strategy. There is opportunity to win but volatility is a double edged sword. You have to limit your risk of loss and always think in terms of the preserving your capital. When you switch on the greed button in your mind you are setting yourself up for a big loss. You need to approach this properly. The way you think about trading is more important that your “strategy”, your analysis, etc. |
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| Người gửi: | alexanderdebrahan [ Chủ nhật 17/07/22 17:47 ] |
| Tiêu đề bài viết: | Re: Is Cryptocurrency Trading More Profitable Than Forex Tra |
donaldrsimonn đã viết: Trading Forex and Cryptocurrencies have many similarities. They both are volatile markets which are decentralized with limited regulation. Volatility is a plus for traders because the more an instrument moves the more opportunity there is for profit. Especially with the algorithms you are trading against.As far as more profitable these markets must be approached with a conservative trading strategy. There is opportunity to win but volatility is a double edged sword. You have to limit your risk of loss and always think in terms of the preserving your capital. When you switch on the greed button in your mind you are setting yourself up for a big loss. You need to approach this properly. The way you think about trading is more important that your “strategy”, your analysis, etc. The Cryptocurrency market is in it’s infancy. This market is going to expand and be huge moving forward. There are already companies setting up futures derivatives for Bitcoin on futures exchanges. There will be many coins following Bitcoin onto these futures exchanges. Why? Because there is profit to be made due to the volatility and daily change in price. Once the big boys get a hold of these markets the markets will grow exponentially in size. |
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| Người gửi: | danielhowell [ Chủ nhật 17/07/22 17:47 ] |
| Tiêu đề bài viết: | Re: Is Cryptocurrency Trading More Profitable Than Forex Tra |
donaldrsimonn đã viết: Trading Forex and Cryptocurrencies have many similarities. They both are volatile markets which are decentralized with limited regulation. Volatility is a plus for traders because the more an instrument moves the more opportunity there is for profit. Especially with the algorithms you are trading against.As far as more profitable these markets must be approached with a conservative trading strategy. There is opportunity to win but volatility is a double edged sword. You have to limit your risk of loss and always think in terms of the preserving your capital. When you switch on the greed button in your mind you are setting yourself up for a big loss. You need to approach this properly. The way you think about trading is more important that your “strategy”, your analysis, etc. Do yourself a favor and learn how to trade both Forex and Cryptos. They both have the same up and down whipsaw movement. If you develop your trading skills and trade like a sniper (not a machine gunner who over trades) there are opportunities in these markets. The patient traders who always keep an eye on risk and not profit will do well in the coming years.Bitcoin keeps moving higher. As the money rolls in most of the investors are holding their coins hoping that Bitcoin keeps going straight up to the moon. |
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| Người gửi: | johnpketc [ Chủ nhật 17/07/22 17:48 ] |
| Tiêu đề bài viết: | Re: Is Cryptocurrency Trading More Profitable Than Forex Tra |
donaldrsimonn đã viết: Trading Forex and Cryptocurrencies have many similarities. They both are volatile markets which are decentralized with limited regulation. Volatility is a plus for traders because the more an instrument moves the more opportunity there is for profit. Especially with the algorithms you are trading against.As far as more profitable these markets must be approached with a conservative trading strategy. There is opportunity to win but volatility is a double edged sword. You have to limit your risk of loss and always think in terms of the preserving your capital. When you switch on the greed button in your mind you are setting yourself up for a big loss. You need to approach this properly. The way you think about trading is more important that your “strategy”, your analysis, etc. The flaw in their thinking is the same flaw as those who have stayed in the stock market through the crash of 2008–2009. When they lose 50% of their portfoilio value what do they do? Do you sell at the bottom right before it reverses? Buy more at the low (average in)? Do nothing and hope and wait? Time is one aspect of trading/investing that can work against you if you don’t factor in the amount of time and what happens when things don’t go as planned. |
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| Người gửi: | donaldrsimonn [ Chủ nhật 17/07/22 17:48 ] |
| Tiêu đề bài viết: | Re: Is Cryptocurrency Trading More Profitable Than Forex Tra |
donaldrsimonn đã viết: Trading Forex and Cryptocurrencies have many similarities. They both are volatile markets which are decentralized with limited regulation. Volatility is a plus for traders because the more an instrument moves the more opportunity there is for profit. Especially with the algorithms you are trading against.As far as more profitable these markets must be approached with a conservative trading strategy. There is opportunity to win but volatility is a double edged sword. You have to limit your risk of loss and always think in terms of the preserving your capital. When you switch on the greed button in your mind you are setting yourself up for a big loss. You need to approach this properly. The way you think about trading is more important that your “strategy”, your analysis, etc. That is why you need a plan before you invest so that you can follow your plan and repeat what you do. You don’t want to be hoping the market comes back when it tanks. You want to be buying at the bottom with the pros and cheering the market on as it rises again.Others, like Ethereum, are intended as technology projects. This means that the code behind this cryptocurrency does something else and it uses the tokens as a way of funding or otherwise advancing that project. These are alternatively known as utility tokens because they are intended to do something practical rather than exist as a pure financial product. |
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| Người gửi: | jonsmaradona [ Thứ 3 19/07/22 14:26 ] |
| Tiêu đề bài viết: | Re: Is Cryptocurrency Trading More Profitable Than Forex Tra |
Cryptocurrencies are not just a new investment opportunity, they are also a new type of currency. This means that there is a whole new set of risks associated with cryptocurrencies. One of the most important things to do when investing in cryptocurrencies is to make sure you have Cryptocurrency Insurance in place. There are a number of different types of cryptocurrency insurance and it is important to find the right solution for you. |
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