Forex Vs Crypto: Which one to trade?

Forex Vs Crypto: Which one to trade?

By MadMaxx | Psycho Crypto | 10 Jan 2020


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So you're confused right?

To trade Forex or crypto?

You want that yellow lambo so bad, and that guy in the Forex trading course said that you'd have that by the end of 3 hours in Forex, trading only $250.

But that doesn't seem right.

Crypto is the one that makes big moves.

So which do you trade?

Which one is best for your yellow lambo obsessed heart?

Today, I'll help you choose.

Or rather, I'll list a few goods and bads of both platforms, and then YOU'LL choose.

Yellow lambo, here we come!

So first, look at what you want.

Do you want to trade so that you'll be ok when you retire?(401k plans....Sheesh)

Or do you want to get that WiFi bread as soon as possible, and are ready for the fast life?

Do you have only 10-15 hours a week to look at charts, but you have $50000 in investment money? Or do you have 140 hours a week to look at charts but only have $50 you got for Christmas in investment money?

Do you like slow moves of like 0.2% a day? Do you get pumped seeing your investment skyrocket 0.25% after a month? Or are you a 2000% kind of guy?

Seeing as you've answered all these questions in your head(I really hope you didn't say the answers out), I'll give you my verdict on what's best for you.

If your answers to questions 1,2,3 and 4 were yes to the first part, then Forex is for you.

But if you answered yes to the second parts, them you could either trade Forex daily, or trade Crypto daily, or do what I do and trade them both(if you're a beginner, don't do this)

Forex is extremely liquid, and it's trading volume is just bonkers, exceeding the US Stock Exchange even.

This large trading volume however leads to much smaller daily and monthly moves. Not ideal for people who want that yellow lambo 3 days after they started trading.

Crypto coins also have large trading volumes, but can move drastically because of the fact that ideas in form of money, not actual money is being traded. 

So tiny news can greatly affect the price of these crypto coins, thereby yielding the risk taking investors that yellow lambo much quicker.

Did I miss anything? Tell me down below!

Thanks for reading!

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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