Can Forex trade be compared to crypto trading

[kayode10]

Both cryptocurrency trading and forex trading are very similar in their system of trading and operation. Both of them are very volatile that is, it is easy to lose money faster with both of them. On the other hand, it is pretty much faster she make money if it happens that you trade right. Both of them involves lots of technicalities which makes it difficult for ordinary investors to predate the price movements.

 

[Blessing76]

Forex trading and crypto trading might be separate but they are very similar because they involve exchange of currencies and the both of them are highly volatile but crypto trading is more unpredictable and more volatile

 

[Victor001]

They are not all that similar forex trading is far ahead of crypto trading because of his volatility and also the fundamental analyses with the materials you need to aid your trading.

 

[Justin]

Due to the risk factor involved, I think you can compare forex with crypto trading. Just like forex, crypto trading is also very risky. You can hard predict the forext market and crypto market.

 

[Mostee501]

I think forex trading is more predictable than cryptocurrencies trading but their operations are similar because it's the same trading from one currency to another.

 

[Richard92]

Forex trading and cryptocurrency trading are both trading that has to do with currency and they are both a decentralized market but Forest trading has to do with the physical money trading while cryptocurrency is an electronic money that is been traded.

 

[Heatman]

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

Well, they are actually differences between forex trading and cryptocurrency trading. They are just trading with different rules and regulations.

 

[Kelly5]

Yes both trading types can be compared. Both has to do with trading a give asset against another. Both are run for twentyfour hours a day except for cryptocurrencies market that run on weekends as well.

 

[Heatman]

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.

Well, the only thing that you can compare about forex trading and cryptocurrency trading is that both trading are done online and it's very risky when you don't know how to trade.

 

[Good-Person]

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.

I have never been into Forex trading but what I do realize is the fact that both cryptocurrency trading and forex trading do sound pretty much the same. The only difference is that cryptocurrencies are a completely different digital asset and Forex trading is based on Fiat currencies. Please do correct me if I am wrong.

 

[Heatman]

I believe that you can actually compare forex trading with cryptocurrency trading because both of them are actually acts of trade that are done online but there are different technicalities with how both trades are carried out.

 

[eLdavis]

I dont have much knowledge on crypto trading, but i believe they are both similar the major difference being the brokers for starters and the fact that one has to do with trading on currencies pairs and commodities like gold, silver, oil etc. While i believe crypto would have to be trading on crypto pairs

 

[Heatman]

It's actually a part that both cryptocurrency and forex trading are somehow related in a way which is why before you get into any kind of online to again you should know exactly how things are done in order for you to do it successfully.

 

[Peterlight]

Well, the only thing that you can compare about forex trading and cryptocurrency trading is that both trading are done online and it's very risky when you don't know how to trade.

So I have heard of forex trading which really scares me a lot because I have not lose anything trading on crypto while on forex, I see people losing everything. I doubt it that forex can ever be compared to crypto

 

[Trexxxy]

Well I think they are both similar actually. The chart you read for forex is almost if not the same except for crypto it is in coins, not currencies.

 

[ahmedo24]

There are differences between them but having the background knowledge on either cryptocurrency or forex trading makes it easier for you whenever you want diversify to either of them.

 

[Josemendez]

To an extent , they are related to each other in the sense that they are both digital trading and their return on investment are considerably high

 

[Setho]

I think that while the two are different things they are also same in the sense that they are both volatile currency that at trade able and one that you can earn in both ways.

 

[Funky]

Crypto currency and forex market have both similarities and differences, similarities in that they are in the money market, difference in that they are controlled by different sources and so have different trends.

 

[Fizzy_boi]

Actually the only similarities I found out between them is that they both requires exchange at some particular time and they are both influence by similar factors in the market .They are actually both risky.