Hello every one!
I want to start trading but i don’t know where to start?
FOREX or CRYPTO?
share your experiences from both markets.
Thanks!
Both markets offer opportunities but come with risks. Forex is highly liquid, operates 24/5, and is influenced by global economics. Crypto is volatile, newer, and operates 24/7, with risks due to regulatory uncertainty. Consider your risk tolerance, learning curve, and time commitment before choosing either. Trading experience varies greatly for individuals.
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Both markets have their pros and cons. Forex is more stable and better for traditional strategies, while crypto offers high volatility and potential for quick gains.
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Forex is more predictable and good for beginners, while crypto is fast-paced and high-risk. It depends on whether you prefer steady growth or taking bigger risks for potentially higher rewards!
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A lot depends on your circumstances, available capital, and objectives, etc.
Are you looking to day trade or hold positions? What size positions can you afford? Are you looking at charts intraday, daily or weekly etc, etc.
You should certainly only start with a demo account and then decide how you want to trade (e,g, indicators, Price Action, auto, manual, etc).
Then you can start trading both FX and Crypto and see how things develop. You will soon start to see what suits you best. But learn about these markets e.g. from the BP schools for both forex and Crypto.
it is very personal but if you want my idea i say crypto because the terms and how it works is more simple
Totally agree, starting with a demo account is the way to go.
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You can start with both. Focus on a few pairs only on forex and BTC. You can try testing out a few strategies on a demo account and if things work out, you can switch to live.