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Between crypto and forex which is better.

  • Thread starter Thread starter MR DAZECLICK
  • Start date Start date
It depends upon person's choice. But my point of view is that cryptocurrency is very easier and less risk than forex.It's quite easy to invest in crypto currency than forex.If u are not an expert with several trainings on forex I will advise you not to go for it.
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Cryptocurrencies, while often referred to as “digital currencies,” aren’t the same as currencies like the U.S. dollar or the Japanese yen.The global cryptocurrency market has previously reached a market cap of more than $700 billion. Some experts predict that number will only climb.As the Forex market consists of the world’s global financial markets, there is a unlimited supply of currencies available to trade.But Limited supply increases demand. Since there is a cap on how many cryptocurrencies can be created, the value often increases. For example, with Bitcoin.
 
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Crypto and forex are both great investing platforms but when you talk about simplicity, crypto has many exchangers that make it easy to use and easy access but forex on the other hand looks complex and requires training to start.
 
forex trading is more protected, regulated and stable, however, crypto trading can promise you larger returns than forex. ... The liquidity of the forex market and the volatility of the crypto market means that traders would have to use different trading strategies for the two markets.
 
Generally speaking, forex trading is more protected, regulated and stable, however, crypto trading can promise you larger returns than forex. ... The liquidity of the forex market and the volatility of the crypto market means that traders would have to use different trading strategies for the two markets.
 
Peterlight said:
Forex trading is like gambling while crypto currency is like investing into stock and watching the price spike up or go down.

With Forex you can lose all your life savings in just a twinkle of an eyes while with crypto you can still get something out of it or wait for the price to rise again.

I think with my explanation, you will pick the right choice which is crypto
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Not true. Forex is not gambling. You can earn a lot if you understand it. Same way if you are new to it or amateur and you dive in, there is higher chances you'll lose your money. Crypto is volatile too if not more. Why people prefer it is the ease it offers to trade
 
Crypto is better than forex trading in different way for example before u can excel in forex trading u must be an expert or undergo training from those person that are in it for long time and they care making money from it.crypto is something that u can buy and live it there to appreciation and the collecting the interest acrued on it.crypto did not need any training is just for u to study the time to buy and time to sell.
 
They both look the same to me, most of us here don't trust or wanna hear the name Forex cos of the evil men had done with that name scamming people of there hard earned cash in the name of forex.
 
If what you mean is between crypto and forex is better for trading I would say forex. In crypto currency you are dealing with an imaginary commodity because crypto currency is not money, it is not a currency but just a digital commodity that you can buy and you can sell. Forex is dealing with real money, your local currency of the US dollar, Japanese yen, Euro, etc. Which do you think is better?
 
Forex trading is a very technical and time consuming art and science to master, if you must become a professional and make consistently huge profits. Cryptocurrency trading on the other hand is not so. A basic knowledge of trading in general is all you need to grasp. With cryptocurrencies even the simplest strategy "buy and hold" will fetch you very large profits.
 
Generally speaking, forex trading is more protected, regulated and stable, however, crypto trading can promise you larger returns than forex. ... The liquidity of the forex market and the volatility of the crypto market means that traders would have to use different trading strategies for the two markets.
 
I will advise you to pick cryptocurrency trading over forex trading simply because cryptocurrency trading doesn't require extensive training to be able to learn how to trade it, its simple even for the layman without any education to know how to trade it. I trade forex though but it's not quite as easy as people mske cryptocurrency to be
 
Ehizzy1 said:
I think crypto trading is more easier based on my experience but in forex i think you would possibly need an expert that would teach you some things
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Cryptocurrency trading is similar to forex trading in that they both involve exchanging a currency for another currency. However, the cryptocurrency market and the forex market are influenced by different factors.
 
Both cryptocurrency and forex trading are very nice. Forex is more technical and involves fiat currency. It is for people with good understanding of the forex market and it is more risky. I like forex better than crypto because it is more profitable.
 
I think crypto is better than forex because in crypto people invest her money and after up and down in value people will be get amount, but forex trading is not easy it required expert mind and knowledge in forex lossing her life saving chances is more as compare to crypto trading.
 
Mariyam said:
Cryptocurrency trading is similar to forex trading in that they both involve exchanging a currency for another currency. However, the cryptocurrency market and the forex market are influenced by different factors.
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Yeah true they are influenced by forces of demands and supply because this makes the price goes high and low at some time i think , so its influenced by so many factors and even social factors do influence the price of crypto currency i think , that's how it looks like
 
I will choose crypto because I have never tried forex. With crypto you can earn without doing any thing, or let say you can earn profits just by holding cryptos on your wallet.
 
Both forex trading and crypto trading has similar attributes,for the aspect of which is better depends on different individual preference.
 
Both crypto currency exchange Business and forex trading is really a good investment option. However, if you really want to make good money from this business you really need to learn the basics of technical analysis
 
Between cryptocurrency and forex which I will prefer? I think my most prefred option will still remain with cryptocurrency as that is a more familiar territory to me More than forex trading itself even if I also trade forex
 
Nomad said:
I will choose crypto because I have never tried forex. With crypto you can earn without doing any thing, or let say you can earn profits just by holding cryptos on your wallet.
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Seriously if I have the knowledge on how to trade on both cryptocurrency and forex then I believe that there's going to be a better idea for me to take advantage of the two platform and make more money.
 
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