Shaf
Verified member
I once listened to a very long argument between some people on trading cryptocurrency and forex. A lot of points were discussed including which one was easier, which one was more profitable and many more.
One particular argument that no one seemed to agree on was if knowledge and strategies used in forex trading can be transferred successfully to crypto trading and vice versa.
To me, it's quite simple as they are both somewhat similar but still unique. Both are traded using charts and by the same groups of people, so it should be easy enough if one keeps in mind the slight differences and uses strategies that will account for such, like the higher volatility of cryptocurrency.
What's your take on this though? Do you think it's possible to transfer strategies between the two asset classes, forex and cryptocurrency and still succeed?
One particular argument that no one seemed to agree on was if knowledge and strategies used in forex trading can be transferred successfully to crypto trading and vice versa.
To me, it's quite simple as they are both somewhat similar but still unique. Both are traded using charts and by the same groups of people, so it should be easy enough if one keeps in mind the slight differences and uses strategies that will account for such, like the higher volatility of cryptocurrency.
What's your take on this though? Do you think it's possible to transfer strategies between the two asset classes, forex and cryptocurrency and still succeed?