There is a lot of good that has come to trading forex, and even better crypto currencies, a lot of good is that guys are able to transact not only anonymously but really swiftly and quick, its always good that we have to invest on forex and not only in these matter, its always good that we know the market of crpto currency itself, there has been a lot that to understand when we trade these new world of currency but one has to be careful because its a very volatile market as we know it.
one of those who benefited in investing in crypto where the guys who started, for some reason, when bitcoin was 10 people bought it, and for some reason when it shot to 17,000$ per bitcoin, they sold it, I think thats a lot to gain on one bit coin. how ever there is a good chance that when you try now to gain form these market, you will lose, it has got to a position where it has relaxed and you can only trade on high and lows, nothing much to gain
Investing in cryptocurrecies proved to me to be very difficult, because every dollar I placed in that market never came back but to me it was a time when I really did not understand the market, and I jumped in when the markets energy was ready to go down and I lost a lot and not only for me, but also for clients, I would have to pay them all, I however have never ever doubted there are people making good money, the wind came , and made some rich , but also rendered others poor , these market just isnt fair.
If we really wanna start then we can do it with small investment like $50. Size of investment is not a matter, while method or strategy matters much for existence in trading. If we can do well in forex trading then it will be easier to keep our capital growing in crypto trading. But we should focus on the knowledge and research on a specific point.
Well size doesn't matter in cryptocurrencies because it is easily divisible. Buy the $50 capital to get into cryptocurrencies is too small. I think the time of eye popping gain is over, the price of bitcoin is now moving in a more realistic manner, so a $50 investment will not return much in the cryptocurrencies market.Originally Posted by Babor842
Though crypto currencies are more volatile than anything in forex market but i disagree on investing in cryto currency because of 2 reasons. First reason is that the return rate is very low as compared to currency pairs or cfds. 2nd reason is that it requires much more margin or high leveraged accounts which makes it more risky if you are not good with money management. To earn good with crypto you must invest big and trade long term.
These is a very informative post and its one of the best that anyone can be able to run , the best of these market comes in when we are able to run the market with knowledge, some years back I was able to make some investment, but I was totally new and dint know what I was doing, but when it came to making some good money I was able to lose, these was because, I got in when the market was in full burst , it was a 17000, then it later went down drastically and thats how I lost a lot of money in trading bitcoin, how ever with the information above its one of the best way one can make money in trading.
Investments in cryptocurrency could be quite complicated, especially for those traders who are not familiar with main principles of blockchain technology and the way distributed lendger works since these are key elements of any cryptocurrency.
It is important to understand that each crytocurrency has certian features of both currency in commodity. In fact, some countries treat cryptocurrencies as commodities while other classify them as means of payment like other currencies. At the same time, due to the decentralized nature, it is also necessary to analyse information related to the company issuing that currency. In this aspect investing in crypto is very close to equity investments.
Each crypto investor should also be aware of huge volatility that could lead to substantial losses in case of trading without proper risk management. Volatility could create interesting opportunities for short term traders, while mid-term or value investors would have to set stops wide enough to be able to hold positions long enough.
I totally agree with you
Crypto market is a risky place, agree with you. The problem is if you follow risk management or not.
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