Can Forex trade be compared to crypto trading

[Damscooguns73]

Concerning if forex trading can be compared to cryptocurrency trading . Well, both cryptocurrency trading and forex trading are both establish or are platforms to earning money by traders. Both trading platforms are volatile and both deal with currency trading but forex is difficult than cryptocurrency

 

[Adeyoola7]

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. Historically, the crypto market is more unpredictable and volatile. Cryptocurrencies, while often referred to as “digital currencies.
While currencies in the Forex market are backed by a centralized government, cryptocurrencies are not.

 

[ansahweh]

forex and cryptocurrency has similar principles. Fluctuations always happen in currencies. Crypto is also a currency so no much difference. But i prefer to trade forex cos i like the mode of fluctuation compared to crypto. So i love doing what i know very well.

 

[Edward2]

Undoubtedly, both trading and investing are risks to your capital. Comparatively, however, the exchange requires higher risque and higher returns because in the short term, the price may be high or low. There was a mistake. Regular market cycles have little long-term impact on investment in quality stocks.

 

[Joseph555]

I have always been wondering how Forex trading works cos I don't have vast knowledge on it but when it comes to crypto trading, I can give you some few tips.

Do you think Forex trading can be compared to crypto trading in any sense.

I did not know that their differences between the two of them I thought that they were the same thing but at the moment with the little that I known about cryptocurrency trading I think cryptocurrency trading supersede the other one despite the fact that Nigerian government husband cryptocurrency I believe that cryptocurrency will still soar higher

 

[Luckboy]

Although both are currencies, cryptos are digital and forex is issued and regulated by governments. Forex is a much older market, and it has the highest trading volume of any global market. Bitcoin is the first cryptocurrency launched in the world. If you would like to trade virtual or forex currency, it will depend on your needs. You should consider market hours, volatility, liquidity, pairs,

 

[Johnbami]

there is really no much difference between the true they are both very risky and evolves trading in the market just that forex trading is more volatile than cryptocurrency trading but they are both the same thing and the both undergo the same risk so there's really no much difference

 

[Ezzyoj]

Forex trading and cryptocurrency trading are not the same. Forex trading is very technical and unpredictable, to engage in forex trading you must undergo a sound trading strategy but crytocurrency is not that technical one can easily understand and trade.

 

[Princeeffiong]

Forex and crypto currency are the same but they carry different weight. Forex had been in existence for over forty years while crypto started few years back by some few individuals. Forex is monitored by the government of a country but only few government are interested in the market of crypto currency.

 

[Hasan Raza]

Forex exchanging can't be comared to cryptographic money exchanging on the grounds that on forex exchanging you exchange various items like purchasing and selling of currencies,oil,gold and so on buh cryptographic money you can exchange on etherium,bitcoin, and so forth

 

[Michaellee]

I have always been wondering how Forex trading works cos I don't have vast knowledge on it but when it comes to crypto trading, I can give you some few tips.

Do you think Forex trading can be compared to crypto trading in any sense.

It is different although they both make use of signals but it is different. Forex is a very complex and extensive trade, I believe nobody has actually really understiond forex because the so called exparts in forex also run at losses at times. So it is a very complex mode of trading. But bitcoin too is a little tricky it is what you would understand propally when you make the right research

 

[Abelcairo43]

Forex trading and cryptocurrency trading are different in multiple ways. Forex trading FX is the trading of country’s currency in order to boost their economy while cryptocurrency trading involves exchange and trade of cryptocurrencies. Forex isn’t a 24hr trade and can only be done during the open-close hour of a country’s time. Cryptocurrency is a 24hr trade

 

[Kelvin7656]

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. Historically, the crypto market is more unpredictable and volatile.

 

[singlej007]

Yes forex trading can be compared to cryto trading, I have seen a lot of people switching from forex trading yo cryto trading easily, but is not easy to switch from crypto trading to forex trading. Both forex trading and cryto trading make use of chart.

 

[Greatguy1]

I have always been wondering how Forex trading works cos I don't have vast knowledge on it but when it comes to crypto trading, I can give you some few tips.

Do you think Forex trading can be compared to crypto trading in any sense.

Forex and Crypto-currency are similar in trade and exchange. Forex is far better than cryptocurrencies, the forex market is broader, deeper and information inflow is constant but the crypto-currency market is shrouded so much in secrecy that what drives crypto coins price is always difficult to ascertain.

 

[Davis]

Forex trading is different from cryto currency trading. There differences are much and can be based on how technical one is to the other. And they trade in different currency .

 

[Olubayo12]

I have always been wondering how Forex trading works cos I don't have vast knowledge on it but when it comes to crypto trading, I can give you some few tips.

Do you think Forex trading can be compared to crypto trading in any sense.

Yes and No. Forex trading involves dealing with different currencies with respect to their exchange rates. this is what is called currency pairs. Cryptocurrency trading on the other hand only deals with one single currency which is dollar and it doesn't involve mush stress like forex trading.

 

[Blackjay]

They can be compared cause you can trade cryptos in forex too lol......same methods and market stuctures work for both markets, same way of analyzing and drawing conclusions apply to both markets so in a way they are similar.

 

[Sheyemanu]

The most basic comparison to be made between these markets is the fact that they are both based on currencies (cryptocurrency and Fiat Money). Fiat money is tied to the central bank while cryptocurrencies are not tied up. Forex trading can be done without the internet while crypto trading must be via the internet. Crypto trading is more risky than forex trading, but both of these trades will be equally profitable if you know what you're doing

 

[Mawome]

Crypto trading can not be compared to forex trading, becouse the chart alone diffenciate them, you don't need to study any chart before you can trade crypto, all you do is just to invest and wait when it matures, and then you can cash out when you want to. But in FX you must study the chat before anyother thing.