Stock/Forex Trader and Cryptocurrency Trader

Micah

New member
I want to know what thoughts you guys have about differenty type of traders.
We all know that there are some similarities when you trade forex/stock to cryptocurrency. But I want to know the differences on it.

Does it means, when you totally well known to trade Forex/Stock, does trading cryptocurrency will also be the same?
Like if you owing in Forex/Stocks, you should also do the same with cryptocurrency?

Because I saw some trader that they started to trade forex/stocks and tried to trade cryptocurrency, but some of them are keep losing to trade in cryptocurrency.

What are your thoughts?
 

Axel

Member
I can't tell the difference since honestly I haven't traded on stocks but I think it has to do with the volatility of crypto market though there's a volatility also on stocks market too but I think crypto has huge volatility and the difference on how the market is, stocks is huge crypto is not so big swings is likely to crypto. Volatility is good for both markets but I think it has to do with the timing as well, when to sell, when to buy and when to be neutral. Are they that experts on the field of stock market?
 

Angel

Member
They are basically similar in the sense that they involve price prediction or betting on price. I guess in all three you can buy & sell for short-term profits, exchange one currency/stock for another, hold for longterm gains, have similar charts for trading etc.
Learning to trading either of them first is like learning to ride a two wheeled transportation machine like bicycle. If you learn to ride bicycle, riding different kinds of two-wheeled motorcycles become a bit familiar and easy
 

Ian

Member
The only difference that I can see is on how it will be looked as if you are a trader from forex/stock because cryptomarket is a whole different game, if they do approach it just like what they are doing with the stock then they will get a hard time learning how to utilize it, it will be easy for them otherwise. Volatility is the main concern here, we all know that the volatility of these two market is different on which the crypto market has a higher volatility than stocks. But then as being a trader, especially when you are a experienced one I think they will get how the market works easily, I haven't traded stocks fully yet but I think the terms are completely similar to each other.
 

Ezekiel

Member
I want to know what thoughts you guys have about differenty type of traders.
We all know that there are some similarities when you trade forex/stock to cryptocurrency. But I want to know the differences on it.

Does it means, when you totally well known to trade Forex/Stock, does trading cryptocurrency will also be the same?
Like if you owing in Forex/Stocks, you should also do the same with cryptocurrency?

Because I saw some trader that they started to trade forex/stocks and tried to trade cryptocurrency, but some of them are keep losing to trade in cryptocurrency.

What are your thoughts?
Its just the same IMHO! They do only differ on market price movement but talking the whole thing on how to trade then its just similar but if you are a forex trader and tried to switch up to crypto then the first thing
you would surely notice is that the price is way too volatile but in exchange it is more profitable if the price do favor on what you had predicted which means chances of making more money is high here on cryptocurrency market but same goes on the risk involved.Also crypto isnt a regulated market which is opposite from forex but since we do talk about trading behavior then i can say that if you are trading well in forex then
it would have a significant relevance or does give out advantage if you do jump into crypto market but there would be surely big changes on analysis yet price movement would never ever be the same.
 

Cooper

Member
Imo, the biggest difference between stocks trading and crypto trading is the lack of factors that could help you predict market movement. In Crypto(Bitcoin), most of what we actually base on are actually "baseless" since the core which is Bitcoin is actually not controlled by anyone. This makes it's growth uncontrollable to an extent. Stocks on the other hand, can be quite constant and mose price changes that happen are actually seen not in the short term but in the long term. Especially when a company announces certain stuff, you can guarantee that it's stock would increase by some amount. It's like in stocks, you have some sort of backing that you can fall upon when trading and predicting but in Crypto, you still have the same backing, but it's like closer to water or something transparent that changes quickly. These are based on what I know though, so maybe false on a few areas
 

Connor

Member
I think to trade forex/stock and crypto will not be the same, and if you thoroughly know about forex and you want to try to trade cryptocurrency, you need to learn about crypto trading so that you can have a new experience. Sometimes, people who are trading in the forex trading will think that crypto trading will be the same as forex trading, but it is not and if they don't learn more about crypto trading, they will losing their money in the crypto trading itself.
 

Miles

Member
I would say it should be more like "stock trader and forex/crypto trader" because in reality stock and forex has a lot of difference whereas crypto and forex does feel a lot more similar considering crypto is also currency and in forex you are trading currency as well so basically crypto trading is forex trading, forex literally means foreign exchange in short so crypto is foreign to you as well, and you exchange it, so crypto trading IS LITERALLY FOREX.

However stock is not like that, there is a company that is tied to that stock and when you trade it, meaning buy it or sell it, you are buying a part of that company or sell it, which means you are basically putting all of your money into a company and not into any money or currency. That is why I think stock is different than the other two.
 

Robert

Member
I want to know what thoughts you guys have about differenty type of traders.
We all know that there are some similarities when you trade forex/stock to cryptocurrency. But I want to know the differences on it.

Does it means, when you totally well known to trade Forex/Stock, does trading cryptocurrency will also be the same?
Like if you owing in Forex/Stocks, you should also do the same with cryptocurrency?

Because I saw some trader that they started to trade forex/stocks and tried to trade cryptocurrency, but some of them are keep losing to trade in cryptocurrency.

What are your thoughts?
The main difference generally will be on the price movement and the thing had been traded. Cryptocurrencies known to be unregulated whereas opposite into Fiat currencies/Stocks.

when it comes to holding then its just on similar concept because both do rely neither it would take-off or slump depending on what coin or stocks you are investing into.

In mention of losing then its just the same but we know the risk is higher in crypto due to volatility or price movement
 

Jameson

Member
I do swing trading and I know that there are many traders who have lost money trading cryptocurrencies.
Crypto trading is highly volatile and unpredictable which makes it difficult for stock traders to adjust to it and hence they lose their money.
I started trading with cryptocurrencies and then moved towards stock which made it easy for me to understand both the markets.
I did lose money in the beginning of crypto trading but I have covered all my losses and I am exploring the stock market these days.
Both of them have their differences and similarities. I think crypto market is better than stock since it runs 24x7 and doesn't restrict anybody from trading
 
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