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Forex trading is globally decentralized currency trading business which is done via internet/online.
with Bitocin rise now at $2400, it is a crytocurrency which is mined from a computer and used for annoymous transactions online. If Bitcoin is accepted as universal currency what is the future of forex trading ?
Forex trading which is trading between international currencies USD/Euro/GBP/Gold/Silver & others are the pillars of business and trade worldwide.
First we need to understand that Bitcoin too is FOREX TRADING, so how it can be threat? Bitcoin trading is great and can be highly profitable, but we need to make sure we work it out correctly. I mostly prefer doing currency trading which is easier and profitable as well. I also feel good with my broker OctaFX and their low spread from 0.1 pips for all major pairs, fast execution, and cash back where I get 50% back on all trades even if it’s lost plus much more, it’s all fascinating.
Yes bitcoin is a crypto currency and digital payment system but most people are not well aware of the currency. So the future of bitcoin is really uncertain. That’s why I have selected a currency based broker called Trade12 having a high liquidity of source. I face no problem regarding withdrawing money with the broker and other facilities of the broker are really reliable to me as a scalper.
No, it’s not a threat instead it’s a great help to make trading even more popular. Now, we have seen people started doing Forex trading just because they want to trade on Bitcoin, so it’s not a threat but a way towards popularity. However, I stick to what I find comfortable, hence, I go with Forex trading and I work under OctaFX. They have over 70 instruments to pick from with zero balance protection and there is experts providing us with day to day market updates!
I don't think it's a threat. Not all forex traders will also move to trade in Bitcoin. But if we want to try, it's not a problem too. May be it will be a another chance for us to get additional income. But for now, I still want to focus on my trading account in FXB
I don’t think Bitcoin is a threat to forex trading because I know that sudden price up created hype in investors mind, but with the price down, this hype fades away. Eurotrader offers narrow trading spread, all currency pairs including cryptocurrencies and high leverage to traders.
For now, I still feel comfortable and safe trading forex rather than bitcoin. By joining Tickmill broker and utilizing all the facilities provided, I can understand all the workings of forex and trade to the fullest.