Weekly E-mails:  Crypto Trading Strategy 5 Weeks of Onboarding Reads. Latest Airdrops (Thu 7 AM EST). Or all of it.

Dismiss   Pick Your Preference
This site uses cookies (More).


Crypto vs Forex Trading: How do they compare? - #CryptoTrading

--- article continues after advertisement ---

Your browser does not support HTML5 video.

Are you better off trading bitcoin or forex? Ultimately, it’s about picking the battles, and the right trading strategy.
Trading Strategy     · [trading]  · Author: tradingfanbois

“Should I move from forex market to crypto?” This has been one of the most common questions asked by forex traders, especially since the boom of cryptocurrencies in late 2017.

The year 2017 meant a breakthrough for bitcoin and cryptocurrencies. Along with the wild changes in prices on the market, the business of crypto trading grew accordingly.

The years 2018 and 2019 saw the opposite move: Crypto traders bored with ranging market going nowhere started venturing into forex, oil and other legacy markets.

One thing remains though: Bitcoin and cryptocurrencies moved from a niche curiosity propped by obscure online forums to the radar of everybody who invests or trades on the markets.

The Difference between Forex and Crypto Market

If you were previously fx trading, cryptocurrencies in their early stage probably weren’t attractive to you. You were used to the access to hundreds of forex pairs across majors, minors, exotics and metals. There was enough fun.

If you out of curiosity still made the decision to sample the trading of Bitcoin, other leading leading or even emerging altcoins, you must have noticed how different even the most mature among the crypto markets are from forex.

In the next section we’ll be comparing the differences, pros and cons of forex and crypto trading to help you make an informed decision on your trading future.

If instead of that you want to delve deeper into the technical analysis tools crypto traders like to use, here is a few options:

  • Ichimoku Cloud: The indicator was adopted from stock market for crypto markets that don’t close for the weekends, and so Ichimoku Cloud as an indicator that works with timespans often gets used with crypto-specific settings.
  • Wyckoff trading: Wyckoff method is used in stock markets rather than in forex trading because they tend to have stronger directional trends with the occasional range, and at least until this point cryptocurrencies have been similar in that. To a technical forex trader, learning about Wyckoff could be quite useful.
  • Orderbook heatmaps & Co: On the contrary to Wyckoff, scalping in crypto will be in some way similar to the gist of fast-paced forex trading. In crypto though, we have better and more accessible advanced tools for short-term trading strategies.

Forex vs. Bitcoin and Crypto Trading

Just in case you are entirely new to the concept of cryptocurrencies, these refer to a medium of digital assets that utilize algorithms and cryptography to generate and verify transactions of value.

Some cryptoassets are used primarily as money, some primarily as technical platforms.

Nonetheless, even in 2019 the crypto market is still not evolved and stratified enough to make it reasonable to consider altcoin markets separately from bitcoin markets.

Crypto Trading: Pros and Cons


  • The gains. We might as well face it that the gains some people made on the crypto markets from a tiny starting bank would be extremely unlikely to ever happen in forex. Trading cryptocurrencies has been a lucrative proposition for investors that know the right time to enter and exit the markets. However, remember that there have been just as many losses.
  • The same level of leverage as in forex, except on markets with far more pronounced moves. Leveraged trading can cause a lot of damage. On the other hand, the completely free accessibility of leverage up to 100x on platforms like BitMEX that don’t even require you to state your name open up a host of possibilities. You can open straddle positions or set up risk-free collecting of swap funding payments. Remember that you need to have discipline and keep your cool though.
  • Availability of lending. Staying with the previous points, the range of the possibilities depends on your location but in general you can decide to lend your crypto or fiat currencies in a more or less unregulated way. The lack of regulation also means lower costs of running business because there is less need for lawyers and insurers, and therefore the trading fees and other costs that eat from your profits are lower than on regulated markets.


  • Lack of historical data. Cryptocurrency markets are very new, their valuation has been changing explosively in both directions and excluding peer-to-peer, during the first few years crypto trading was isolated to a single trading platform. For anyone trying to backtest a trading algo or just learn about typical market patterns, there is not enough historical data to use as key support and resistance levels.
  • Cryptocurrencies are more volatile. Some traders like price volatility - some even trade volatility rather than price direction. But some might say that cryptocurrencies are too volatile and it’s an almighty challenge to find suitable entry and exit points.
  • Strong influence of the unpredictable market sentiment. Cryptos were on an uptrend in 2017 and then they swapped to a downtrend in 2018. This rather normal occurrence had many call the end of cryptocurrencies, not to mention the endless news about which country is trying to ban crypto again this week.

Forex Trading: Pros and Cons


  • 24-hour accessibility on work days. Forex traders can enjoy 24-hour access to all forex pairs with real-time pricing, charts and tools during the work week. In many ways it can be good to have a weekend, if only to plan with a clear head what to do on market open.
  • Market leverage. Forex has been known for tight ranges and therefore the widespread use of leverage to maximize trading profits. Common forex leverages are up to 100x, depending on your broker.
  • Unrivaled liquidity. The forex market is undoubtedly the most liquid market in financial trading; it is the easiest market to open and close positions with speed.


  • Forex is not ideal for smaller trading banks. In truth, the forex market is largely made up of hedge funds and trading groups. Given the small percentage moves on forex pairs, you need a sizable trading bank to generate respectable returns.
  • Unpredictable volatility. Forex markets are called “legacy” which implies something stable, but they can be just as volatile as cryptocurrency markets. Indeed there are moments of extreme volatility in forex, particularly surrounding political events.

Comparing the Opportunities on Forex and Crypto Markets

In truth, there is a place for crypto and forex trading in all our trading arsenals. Do not expect to come from forex markets, apply your usual forex trading strategy in crypto, walk away with millions after a week and retire early.

Crypto markets are different from forex markets, even though cryptos are also currencies.

On the other hand, non-directional strategies that minimize your risk are available far more easily and at less costs on the crypto markets - it is just human nature that this lack of constraints also attracts foolish risking.

Ultimately, it’s about picking the right battles and knowing the right time to use them when the risk factors are on your side.


Last added to Crypto Airdrops, Bounties & Opportunities
Name Date How to access Official URL Additional Info
PRIMEDICE 🔥Birthday Crypto Bonus May 12 - May 19 2020 Registered Primedice accounts are getting a VIP bonus every day for the next seven days. This Primedice bonus campaigns is released to the occassion of the 7th birthday of the dice platform. details make acct
OKEx Crypto Signup Bonus Bonus for Signup OKEx, formerly called OKCoin and known as OKCasino, was the BitMEX of 2015 but has fallen out of favour since. They are now running a similar campaign as Coinbase did to get their signup rates up: If you sign up and buy 100 USD worth of BTC, you get 10 USD bonus. details make acct
Cloudbet Turbo Thursday Reload Bonus Every Thursday between 05:00-23:59 UTC Make a deposit of 0.1 mBTC or more today, Cloudbet gives you a 100% Reload Bonus of up to 50 mBTC/1 BCH. Remember you must activate the bonus in your player dashboard before making a deposit for the bonus to be credited! The bonus is only available for the Casino, not the Sportsbook. details make acct
CPD project airdrop to BTC holders At BTC halving block CPD project airdrops tokens at BTC halving to anyone who signups with an ETH address and submits a BTC address that is verified via a signed message. The project aims at creating less monopolized internet environment for innovatiove development. details make acct
Ethermon.io ChainGuardians Discord Airdrop and Signup Bonus April 2020 Ethermon announced on Apr 13 that some of their Mons will be part of a new blockchain RPG game developed by ChainGuardians. There is a discord promo for this launch: On the launch date of the ChainGuardians Official NFT Sale, 150 EMONT will be airdropped to the first 10 people who post a screenshot on Discord fighting a Zedakazm within the ChainGuardians RPG along with proof of purchase (TXID)of any ChainGuardians bundle. The signup bonus is to play ChainGuardians game logged in via an anonymous identity from SafeName.io. You get 100 FREE CGC valued at 0.05 ETH, the link to claim is at the page where you land after confirming your email. Signup at Ethermon Go to Safename.io
Blockstack Free crypto airdrop Jan - Feb 2020 The webwallet blockchain.com is giving away free Stack $STX crypto to their Gold users. The Gold level requires an ID scan and selfie. details make acct
New non-custodial anonymous peer-to-peer Bitcoin trading Opened 19 Nov 2019 If you miss the heyday of LocalBitcoins where anyone could buy BTC locally for cash (which has been banned since this summer) and anonymously (now site-wide KYC is required, plus allegedly LocalBitcoins have been working with three-letter agencies), since 19th November you have the chance to go back in time and buy your corn without ID again - at least for some time. You know that good things like this don't last ... The former ETH marketplace LocalEthereum rebranded to LocalCryptos and offers local and anonymous BTC trading with fully automated escrow that is built natively on BTC blockchain - because bitcoin's smart contract scripting capabilities are good enough for simple stuff like escrows. You can even import your vendor reputation from LocalBitcoins. The reputation import is done via adding a unique code to your LBC profile page, not by linking anything directly, but still in case you like your privacy it's probably only a good idea id you never ID'd on LocalBitcoins. details make acct
Crypto Flowers dApp Game event 12 - 22 Dec 2019 Play the Crypto Flowers TRON version of the dApp game any time between 12 and 22 December to enter the Prize Pool of 100`000 TRX. Just collect and breed flowers and have a chance to win prize pool, no special action needed. details make acct
POOL-X exchange listing promo Daily until listing POL has a random twitter draw of users who post a POOL-X graphic design every day until their token listing on the KuCoin exchange. You need to sign up via Google form and have a KuCoin account. form make acct
Verasity New Triviata Competition November 5 at 00:00 UTC - November 20th 00:00 UTC Verasity is a token-based platform for the attention economy. They always engaged a lot with the community and organized several airdrop and competition campaigns so far. The current two-week campaign relates to the Triviata app (iOS/Android). Sign up and enable your game participation in the app profile, and you get the chance of winning prizes with 4000 USD in total. Even if you don't win though, participating will earn you tokens that can be staked in the official wallet for over 30% yearly earnings. join about
Bethereum Price Pool on VK November 2019 There are regular competitions with the total pool of prizes worth 40K Bether if you join the gaming platform's VK channel. details make acct
Brave New Coin Challenge Until the end of the year The crypto market data provider is giving away small amount of their tokens if you add people to their telegram group. register telegram
FanEspo Big Competition (ERC20) All the time Fanespo is launching a new promotion contest worth $500 in FAN tokens. Details will pop up on you when you sign up on site. Overall, the eSports platform FanEspo is giving away the total of $1.6 million of tokens in contests. You need to have a FanEspo account. details make acct
Atomars Opportunity Launch promo There is a new altcoin axchange launched that now offers zero-fee trading, and possibly thinner markets for the market makers around. details make acct
Keybase Stellar Lumens Drop 11 September 2019 & Onwards The Keybase team announced a surprise airdrop worth 21 USD in XLM to all account holders who ever installed the Keybase app. To get the Lumens, you need to sign in again and claim them - you should have received a bot message with instructions. Keybase has been funded by the Stellar Developer Foundation for years and so this collab is not a one-off. You can choose to keep participating in the Lumens airdrop by using Keybase, the total dollar worth each user can get is 500 USD. New accounts can still participate as long as they have a Github or HackerNews account created before 9 September 2019. more join
BlockWage Airdrops + Bounties Recurring Platform for freelancers marketplace. Airdrops randomly announced via Discord, there's also the possibility of Masternodes. join web
Vaultoro Token Launch Promo September 2019 The crypto-gold exchange Vaultoro has been around for years, getting attention in the 2015 bear market and tagging along through the subsequent bull run. They are now launching their own exchange token which you can get for free if you don't have an account yet. Every new sign up with basic ID verification gets 200 VAULT tokens. homepage make acct