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If I have to choose between them, I would definitely go with the Cryptocurrencies trading. That’s not because Forex trading is less profitable, but forex trading is pretty constant and skill based trading where Cryptocurrencies are easy to trade. Forex takes a long time and primary knowledge about financial trading but sadly less profitable than Cryptocurrencies trading.
Because of the market volatility, you can make a very good and fast profit with Cryptocurrencies. You do not need to have much experience or knowledge about the market. Your skill to predict the markets is sufficient to start.
IMMFX now offers Bitcoin – should you trade it?
Your broker IMMFX has recently managed to offer trading with a variety of Cryptocurrencies that includes BTCUSD (Bitcoin v USD), LTCUSD (LightCoin v USD), or ETHUSD (Ethereum V USD).
It is known that trading in Cryptocurrencies depends on an inconstant news conditions, and the price movements determines exclusively supply and demand, excluding the aptitude of central banks and other regulatory organizations from the side of the Cryptocurrency.
When working with any Cryptocurrency pairs, technical strategies are more possible to win through, while the news conditions are more effective in higher timeframes.
There are some intraday traders trading on Cryptocurrencies on the market, however there are much more long-term traders and position investors.
Switching to Cryptocurrency
Trading Cryptocurrencies is easier than forex trading. Now we may already are familiar with forex, but because of the huge profit making opportunity we can switch to Cryptocurrency trading.
Trading Cryptocurrencies like a Pro
You can easily and quickly identify the price movements of Bitcoin in the financial markets. An additional advantage of Bitcoin trading is that you can begin to trade with a small investment that is pretty low compared to what you will need in forex.
You may require having a balance of at least a few hundred dollars and most likely more than that; however in Cryptocurrencies you can start trading with a tiny investment amount. Cryptocurrencies mostly offer you a way to begin trading on pretty small positions without any big risk.
