Forex vs Centralized Trading Approach

I’ve consumed all the information under the sun except for Gann and Elliot stuff on Forex. However, being that I started trading Cryptos and using the order flow to confirm breakouts etc, I can’t help but to feel like I’m blind when trading on FX. Those with experience trading Spot FX and something like Futures or commodities (opinion) like Cryptos… What can I do to lose this weird funk trading in the murky waters of the Forex? I feel awkward trading this market.

But bro, definitely forex trading is way better than centralized trading. Cryptocurrency is digital cash. So, if you are using cryptocurrency you have to play with it carefully. And I don’t know what type of trader you are! Are you doing professional trading? Again for trading with cryptocurrency you need a strong and secured trading platform. Because as it is digital currency it could be hacked any time. There are several cryptocurrencies in the market. You can use different based on their rises and fall.

Though all financial markets have some common features and characteristics, you can’t compare a centralized market with the pros and cons of a decentralized market. If you are trying to engage in currency trading in the forex market, try to practice with demos first to get an overview about the fundamentals and basic issues related to this decentralized market.

I am running demo :slight_smile: and I understand the differences, but I’m looking for some insight as to how I might replace or substitute the element of order flow in spot.