Is forex worth it compared to lower risk better performance in crypto currency?

(Last Updated On: December 6, 2018)

Man, forex could be a waste of time. I look at the usual fast movers that involve ZAR (South Africa) or TRY (Turkish Lira), the RSI spikes but you will see the various timeframe which quickly move against you. Also, the rate of change is very small as in < 0.5%. Is it worth the risk with these unpredictable or volatile behavior? For instance, if you want to get an up move of 1.5 (vs 0.5), you would need to add 3x leverage. With this in mind, it shows that the risk is very very high with low probability. As compared to crypto with gets you easily 1% up moves with no leverage, it makes more sense to get better performance with much lower risk. Even compared to commission fee of retail forex brokers, crypto currency exchanges are so marginal that it makes it more worth it to focus on crypto.  I may do this soon as forex is becoming a lost cause with all the reasons I am stating here.

Remember I am using Binance as the crypto exchange and Oanda with forex.

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!
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About caustic

Hi i there My name is Bryan Downing. I am part of a company called QuantLabs.Net This is specifically a company with a high profile blog about technology, trading, financial, investment, quant, etc. It posts things on how to do job interviews with large companies like Morgan Stanley, Bloomberg, Citibank, and IBM. It also posts different unique tips and tricks on Java, C++, or C programming. It posts about different techniques in learning about Matlab and building models or strategies. There is a lot here if you are into venturing into the financial world like quant or technical analysis. It also discusses the future generation of trading and programming Specialties: C++, Java, C#, Matlab, quant, models, strategies, technical analysis, linux, windows P.S. I have been known to be the worst typist. Do not be offended by it as I like to bang stuff out and put priorty of what I do over typing. Maybe one day I can get a full time copy editor to help out. Do note I prefer videos as they are much easier to produce so check out my many video at youtube.com/quantlabs