Can you make more money with cryptos than with forex

Discussion in 'Crypto Assets' started by viorela_m, Sep 6, 2017.

  1. viorela_m

    viorela_m

    Hy new girl here,

    Can you make more money with cryptos than with forex?And are cryptos easier to trade to arb and hedge?
     
  2. Of course the answer is cryptos because they are more volatile than forex! But on the flip side cryptos can offer bigger losses too.
     
  3. Xela

    Xela


    Yes, but it doesn't really matter, because long-term, successful trading isn't about how much money you can make: it's about how safely you can manage your risk. Apologies if I sound critical (not my intention at all) but fundamental questions arising from a perspective of profit-maximization, rather than from one of risk-management, are kind of "missing the point", really.

    And welcome to the forum, Viorela. :cool:
     
    777, dealmaker and lojze like this.
  4. henry76

    henry76

    If more volatile less margin, so that will make little difference, if a profitable frequent trader, cost ( often presented as spread though are 2 different things ), and the idiosyncrasies of individual price action ,are key, lack of liquidity could make the more volatile less attractive to a short term trader.
     
    lovethetrade likes this.
  5. henry76

    henry76

    I don't agree that trading is about "how safely you can manage your risk",in my view 99% of trading is about probability ( obviously having it in your favour). Both Warren Buffet and Soros have taken big risks , Soros famously taking a huge position against the pound and some reporting he made a billion in one day , if I remember rightly a 30 billion pound position. After all if you play roulette you can manage your risk all you want , the banker can't, so on your managing risk basis casinos should be bust. They have virtually no management of who and how much is risked , but do have a positive probability.
     
    lovethetrade likes this.
  6. Buy1Sell2

    Buy1Sell2

    Correct. Prudent Risk Management is the only true edge available to the retail trader.
     
  7. henry76

    henry76

    Risk management is not an edge ,it's ...... risk management.
     
    fhl likes this.
  8. henry76

    henry76

    If you believe risk management is be all and end all I suggest you play the lottery.
     
    fhl likes this.
  9. Buy1Sell2

    Buy1Sell2

    Prudent Risk Management is all that successful trading is about. ---The only thing---
     
  10. fhl

    fhl


    So obvious that I don't know how it can be lost on other posters here.
     
    #10     Sep 22, 2017