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    Thread: Is there really a connection between the cryptocurrency market and the Forex market?

    1. #1 Collapse post
      darexgeorgieviya04 is offline
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      Is there really a connection between the cryptocurrency market and the Forex market?

      n my opinion, no, and I have come to this brief conclusion after a couple of years of dedicating myself fully to trading in different markets, and while it is true that each of them has its own peculiarity, the crypto market is still more markedly different from the others.

      At least according to what I have observed, the crypto market seems to behave in an absolutely abnormal way compared to institutional markets such as the stock market or the forex market. And that is why it is so difficult to predict with a certain degree of certainty the future performance of cryptocurrencies.

      Especially I have noticed the great susceptibility of the crypto market to overreaction in the face of the rumors that continually spread in cryptospace, which denotes the high degree of immaturity of this market, so dependent on the emotional aspect of investors.

      And that is why, undoubtedly, any attempt to use the old indicators of technical and fundamental analysis seem absolutely useless when analyzing the crypto market.

      What is your opinion? You have also tried to introduce yourself to the crypto market?

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      Mr. Cid is offline
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      The unpredictable nature of cryptocurrency makes trading very risky and most of the crypto trading is not governed by any entity. Whatever loss of your assets cannot be recovered. Meanwhile, the Forex market is less volatile and the broker is highly regulated.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      AbdulShiek is offline
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      Quote Originally Posted by Mr. Cid View Post
      The unpredictable nature of cryptocurrency makes trading very risky and most of the crypto trading is not governed by any entity. Whatever loss of your assets cannot be recovered. Meanwhile, the Forex market is less volatile and the broker is highly regulated.
      Both are the same. They are risky and form of gambling. But the price of the Bitcoin doesn't affect the Forex market trading instruments and vice versa.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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      sashavich04 is offline
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      Well, in my own opinion your posts here is almost similar with my friends who trade crypto in the past.
      However, some traders still trust their technical and fundamental analysis to get good signal from cryptocurrencies.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


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