Last update 2121.01.18
If you are looking to diversify your investments in the digital market, you will probably analyze forex 💹 and cryptos. So, which is better, Forex or cryptocurrencies? Why is forex trading better than Cryptos? Here you will know how to answer that question in a blink of an eye.
💹 When trading forex, we suggest you consider long term results.
- Analyzing Forex vs Cryptos
- Cryptos are more speculative products than Forex
- Why you should consider investing in Forex
- How to trade forex efficiently with AI trading
- What are the best forex brokers to trade?
Analyzing Forex vs Cryptos 🔬
On August 18th, 2008, I remember when I read the phrase “Bitcoin: a peer-to-peer ATM system“ for the first time. It was very exciting to understand the idea of an entire deregulated cash system.
And even more, excited when I got to know that everything depended on blockchain technology to validate and record transactions. Thus, the Cryptocurrency Market was born. But is this market better than Forex?
Forex relies on currencies of strong economies, and those currencies circulate literally among Billions of people. It means that their control is very strong and that they have the National States to enforce their value. The same does not happen with cryptocurrencies.
They still have very few uses as a trading pattern and circulate almost exclusively in geeky locations or financial markets. Plus, they have no powerful authority to impose their value (we can say that they also have no one to make bad economic decisions).
These are planned features from the start. They prove a concept but are not yet a relevant payment method.
You have probably found some BTC/USD contracts available in your home broker. Maybe other cryptocurrencies like Ethereum. All of them are tradable like any other OTC product. But they rely on a not emitted by a country currency, it is civilian decentralized cash.
📌 You can learn more about the best forex pairs in this article by clicking here.
Cryptos are more speculative products than Forex 📈
As a new type of financial product, it is still very likely to be speculative. In 2008, I could use my personal computer to collect Bitcoins overnight.
Today, even with my powerful notebook, I can’t connect to a guild of Bitcoin miners because I don’t have the minimum requirements.
If it is not more likely that new bitcoins (or other cryptos) are going to be harvested through miners then every new demand will result in price pressure. This could be seen in recent years with crypto prices skyrocketing.
In economics, Gresham’s law is a monetary principle stating that “bad money drives out good”.
For example, if there are two forms of commodity 🛢 money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. It happens with silver coins in the USA 🇺🇸.
It probably occurs with cryptocurrencies, as their prices started to climb all their possessors and keep it from circulating. It made its scarcity sensation rise, once it becomes difficult for the miner, its price goes up to an upper pattern.
As you probably know by now, this price is not necessarily real, so it can make big moves in both directions.
It makes cryptography difficult to predict and susceptible to turbulence and wide price changes. It is more difficult to do the same with Forex because it is a broader market.
Forex has more historical data to be used in forecasting
Forex trades are enormous, and they have now a long series of data to be used in forecasting. That is, for example, what Wiseinvest used to train its Artificial Intelligence (AI forex system). Without them, it is unlikely to accurately trade with automated AI trading and AI forex signals.
In cryptocurrencies, there are still no long series of trades and those that do have a few observations to be considered big data. This is another reason why they are still very speculative.
Probably in the future, with more encryption options and more uses for them, this type of derived asset becomes more reliable. Until then, we recommend a greater focus on Forex symbols as the main investment option.
Why you should consider investing in forex 💹
Forex is the short way of saying “Foreign Exchange“. This means the global market for trading international currencies, also known as the FX market through a forex broker. These are the key features of forex:
- Forex sessions are 24/5 from Sunday at 5:00 pm Eastern (ET) through Friday 5:00 pm.
- With an average daily volume of $6 trillion, forex is the largest and most liquid financial market in the world.
- The large volume of forex offers great opportunities to invest.
- Due to a wide variety of existing Forex brokers, Forex has become increasingly affordable.
- You can start trading forex from just $100 or with a risk-free practice account with a lot of forex brokers.
- It’s possible to invest automatically in forex with AI trading.
The best way to trade forex
Want to diversify your cryptocurrency investments? There are two ways to invest with our AI in forex:
1. Automated with AI-Trading. Check out the 3 steps to trade automated with our AI.
By trading forex automated with AI, you will save time and improve your performance without monitoring the market and managing trading platforms.
With Automated AI trading you do not need MT4 / MT5 and other trading platforms to invest in forex. All forex trades are automatically placed into your broker account every time that our AI system identifies a new worthy trading opportunity. You can monitor the AI trading performance in real-time directly on our dashboard.
Automated AI trading benefits ✅
- Setup in 3 minutes.
- Totally hands-off, from anywhere.
- Invest from just $100.
- APY of 40% over the past 13 years*.
- Lightning-fast execution & no slippage.
- No commissions, no management fees.
- Portfolio with 40 different automatic strategies.
- No MT4/MT5 or other platforms required.
- Test with a risk-free practice account.
- Trading results directly on our dashboard.
Don’t you have a broker account yet? Our AI is integrated to trade automated with the broker FXCM. Click here to open an account.
2. Manually with AI forex signals.
Wiseinvest also provides AI forex signals that perfectly fit into MT4, MT5, and any trading platform. To trade with our AI forex signals, you must simply copy the data you receive from each real-time signal into any forex brokerage account of your choice.
There are five unique variables for each AI signal, and each must be copied exactly, to match the performance of the signal as close as possible.
Each AI forex signal alert consists of the following five data points:
- Symbol (forex pair)
- Direction (long or short)
- Position size (number of units or lots)
- Take profit (price level to exit with maximum gain)
- Stop loss (price level to exit with maximum loss)
Check out how to trade with our AI forex signals.
- Subscribe to a Wise-Plan.
- Open a Brokerage account. Check this article about the best forex Brokers.
- Set an amount and a position size on our Wiseinvest dashboard.
- Our AI will send you real-time trading alerts by email and Telegram.
- Copy the signals and paste them into your Brokerage account.
All forex signals are sent every time that our AI trading system identifies a new trading opportunity. Our trading strategies are developed on a variety of time frames such as 4 and 8 hours.
Wiseinvest AI forex signals are Market Orders and you do not need the entry price. You can copy each signal while it is available on our dashboard. We do this way to assure that traders will just place signals while they are good to be traded.
You can trade forex with our free forex signals clicking here, or with our Premium subscription that provides you unlimited AI signals and automated AI trading in partner brokers. Whether you are a beginner or a professional forex trader, our AI trading system can help you save time and improve your trading performance. Get started with free AI.
When investing through Wiseinvest automated AI trading or AI forex signals, you do not need to calculate pips and change the leverage in your forex broker account. Learn more about leverage in forex trading by clicking here.
What is the AI performance in forex trading?
The Win Rate of our AI shifts as indicated by the period and can reach up to 95%. The performance depends on the proficient wilderness estimation metric, which implies that our model is beneficial at whatever point the Win Rate is more prominent than 60%. All techniques of our AI Trading framework look for stable returns and adequate outcomes to accomplish a normal return of 40% every year (APY), without the utilization of high influences.
We comprehend that what is important in forex trading is the conclusive outcome. Along these lines, the financial specialist needs to consider that Win Rate isn’t generally the best measurement to gauge execution in forex, as other signal suppliers unveil. For example, out of 100 exchanges, it is conceivable that lone 1 exchange is sufficient misfortune to make the 99 exchanges not productive. For this situation, the Win Rate would be 99%, yet the conclusive outcome would be unfeasible (negative).
We center around the arrival of 40% of APY and not simply on Win Rate.
It is basic to see that forex brokers may charge spreads, commissions, and overnight expenses in your trading account, and these elements can influence the AI execution. You can check our forex trading history to see more about AI Trading execution by clicking here.
How much do I need to trade forex with AI?
You can begin in forex trading with free AI signals or AI Trading records and make a store from only $100 in the brokerage. It is likewise conceivable to test utilizing a hazard-free practice account with our AI Trading framework. In any case, to do a proficient hazard the board in genuine records, we recommend you start from at least $100. Notice that some forex brokers require diverse starting stores to trade forex.
What is the trading strategy of our AI?
Our AI procedure is the mix of various AI Trading frameworks, with more than 100 features, that characterize 40 distinct techniques which at the same time consider: Quotes of the 28 forex pairs, Supports, and Resistances in various time periods, Trends and Counter-patterns, Cross-markers, Index of each pair, Economic Calendar, Investors Sentiment.
Our AI examines those fundamental, technical, and sentiment factors that influence forex trading, and all models are assessed continuously utilizing various loads. In the wake of finishing the investigation, the decision of the signal emanation technique is made considering the improved probability of momentary benefit and the sum accessible for speculation.
Using technical analysis, our calculation considers not just the examples of different patterns, including backing and obstruction levels and cross-pointers, yet our AI is likewise ready to make its own ongoing record for every money pair, that is utilized to distinguish what is the best course and target.
Comparable to fundamental analysis in forex, the AI makes a connection inside the financial schedule to discover news information that can influence explicit cash sets.
Disclaimer: Forex and Contracts for Difference (CFDs) are complex instruments and come with a high risk of losing money due to leverage. Forex trading is not suitable for everyone. You should consider whether you understand how forex and CFDs work and whether you can afford to take the high risk of losing your money.
The forex brokerages displayed shall disclaim the overall performance of traders in their platforms. Oanda warns that 76.8% of retail forex traders lose money trading CFDs. XTB warns that 80% of retail forex traders lose money trading CFDs. FXCM warns that 74.74% of retail forex traders lose money trading CFDs.
The performances aforementioned are not related to Wiseinvest AI forex trading and AI forex signals system. You can check the performance of our AI forex system on our dashboard.