Since I give myself a break from crypto trading there has been Numerous inquiries on the reason for my switch from Crypto to FX
Actually I don’t have much reasons but Here Is write up thread analysis on Crypto vs FX which I think might be helpful
A thread 🧵This is purely my opinion and not in anyway talking down on any market.
Plus I’ve traded crypto for years, before switching to FX, so I believe I have enough experience to form an opinion and weigh the pros and cons.
Have you Rt the first image if so then, let's startI'll be detailed on this thread with factors I see before I consider and things that'll make me stay here for times
👉 Market hour
👉 Accessibility
👉 Votality
👉Respect with technical analysis
👉Trading options
👉 Others....
Market Hours: As we all know Crypto market is active around-the-clock (24/7). On the other hand, forex has set market hours and it is not available on the weekends, which is one of the first thing that gaves me attention to switch.Trading crypto market did traders greater stress because they may need to hold positions overnight, which disturbs their sleep.
Meanwhile FX on the other hand gives a trader more peace of mind, enough sleep, rest since they don't have to keep an eye on the market constantly anddon't feel like they are missing opportunities since the market is most intriguing during trading session.
FX also gives you more peace of mind because you may trade during hour that work best for you rather than having to cope with the 24/7 nature of the cryptocurrency market.→ Technically Analysis Respect: Also, Based on my experience, Forex market respects S/R levels and liquidity levels better than the crypto market, especially on shorter timeframes. WHY? Bcas there is more institutional money moving around in the forex market...
However, in the crypto market, prices can occasionally fall through significant levels of support and resistance just because a whale executes a sizable move….Mainly I’ll say there’s a lot of manipulation in the crypto marketLow liquidity makes the market vulnerable to manipulation because even a tiny quantity can have a big impact on a cryptocurrency's price movement...→ Trading options: The forex market offers a wide range of currency pairs to trade, providing traders with various options for diversification. I mean you can still trade some crypto pairs on your MT5 and all
While The crypto market, on the other hand, primarily focuses oncryptocurrencies, limiting the trading options available to traders
All brokers offer at least the major Forex pairs, also Many, perhaps most brokers now offer major cryptos, but doesn’t happen on crypto exchanges.
Accessibility from anywhere: The beauty of forex trading lies in its accessibility. With a simple internet connection, traders worldwide can participate, breaking down geographical barriers and enabling trading opportunities 24-hours a day, five days a week.→ Votality: The crypto market is widely regarded as being extremely volatile, which is partially accurate.
The market for cryptocurrencies is marked by sharp price spikes and falls that are proportionally higher. People consider this to be volatility.But people often neglect the fact that, as we have seen recently, the crypto market may also be extremely sluggish. It is difficult to trade on the cryptocurrency market because of the low volatility caused by the lack of liquidity.Trading the cryptocurrency market is becoming more and more challenging, especially given how volatile the markets are right now. When we take a look at Bitcoin, for instance, we can observe that it occasionally does nothing for days before an incredibly volatile movement happens can count the number of time I was able to catch moves last month , maybe 4 times lol , You must be extremely fortunate to be on your PC at that precise moment. FX, however, experiences significant price swings every day, particularly on lower timeframe→ Opening multiple positions: if there’s one thing I always wish to do while trading crypto then , is been able to open multiple positions on a pair so I can be able to manage my positions by closing all each plus the new MT5 killer interface , been able to adjust / set your SlUltimately, the decision of whether to trade forex or crypto depends on your individual trading style and risk tolerance. If you prefer a more stable and predictable market, forex trading may be the better option. If you are comfortable with higher risk and volatility in exchangefor the potential for higher profits, crypto trading may be more profitable for you.
Regardless of which market you choose, it is important to do your research and develop a solid trading strategy before investing your money.
In conclusion, I suggest FX if you're searching for a market that respects lesser timeframes. Additionally, because price levels are more respected and there are more opportunities than in the crypto market, FX gives more opportunities and peace of mind.
