Crypto VS Forex

[ESM]

Though both crypto and forex are doing well and great. Also, both has their own flaws.

But between crypto trading and forex trading which one will you prefer?

 

[adazeez1995]

When trading forex, u don't really own the underlying asset that you are trading. For instance, When you buy USD/JPY, you are not actually buying USD and selling JPY in real terms. Rather, the trader is simply speculating on the exchange rate. Whereas when trading crytocurrency currency on a exchange rate, you actually own the tokens you are holding at a particular time. This tokens can be sold on the exchange or transferred out of the exchange for other use.

 

[Ralphjoe]

I will take cryptocurrency trading over forex trading anytime any day because cryptocurrency trading is more easier to do than forex trading. Forex trading requires so much knowledge and learning process of the art of trading forex, learning the trading strategies, knowing the various charts and how to read them. All these takes a lot of time while cryptocurrency trading doesn't take much time to know and learn how to trade.

 

[Caali]

Both crypto and forex have their own pros and cons. It is solely the trader’s choice. They can choose their own strategies and apply in both the markets.As far as I believe, forex trading is more stable and protected while crypto trading promises larger returns than forex. I don’t see any comparison between the two.

 

[Taimoor Jutt]

I will go for crypto investment or crypto trading. Because in Forex trading there is a lot of Risk here. I heard a lot of people wasted there everything just once, so i do not want to trade in forex , i will go for Crypto currency. I have invested for Dogecoin today so hopefully get some profit.

 

[Yaqoob Habib]

When trading forex, u don't really own the underlying asset that you are trading. For instance, When you buy USD/JPY, you are not actually buying USD and selling JPY in real terms. Rather, the trader is simply speculating on the exchange rate. Whereas when trading crytocurrency currency on a exchange rate, you actually own the tokens you are holding at a particular time. This tokens can be sold on the exchange or transferred out of the exchange for other use.

While in the Forex market are backed by a centralized government,cryptocurrency are not....
Cryptocurrency trading is similar to For trading in that they both involve exchanging a currency for another currency.However,the Cryptocurrency market and Forex market are influenced by different factors.

 

[Abbas ali]

While currencies in the Forex market are backed by a centralized government, cryptocurrencies are not. ... 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

 

[Rashid]

Both are the means of trade earning, if you have much knowledge about forex then you go for forex trade but i have not trade in any of them but i heard that there is very much risk in Forex trading and so if i would you i will go for Crypto currency investment and whenever i get chance I will trade in Crypto.

 

[tyrim88]

When trading forex, u don't really own the underlying asset that you are trading. For instance, When you buy USD/JPY, you are not actually buying USD and selling JPY in real terms. Rather, the trader is simply speculating on the exchange rate. Whereas when trading crytocurrency currency on a exchange rate, you actually own the tokens you are holding at a particular time. This tokens can be sold on the exchange or transferred out of the exchange for other use.

The two trading platform has to do with the level of knowledge you have,to be able to maximise your gains.A lot of persons have been using both platforms to get some ruturns for themself.But i am only conversant with cryptocurrency trading,though not that perfect,but still learnin in progress.

 

[Nurudeen]

Going into forex is just like going into a Ponzi scheme as far as am concerned. So for me I still prefer crypto currency exchange Business to forex trading. I think that will be my position at the moment

 

[Jlife]

Going into forex is just like going into a Ponzi scheme as far as am concerned. So for me I still prefer crypto currency exchange Business to forex trading. I think that will be my position at the moment

Both of them are profitable depending on your understanding in any of them ,because understanding is the most important thing, even with crypto trading without proper understanding you will still lose.

 

[eLdavis]

Personally i would pick forex trading, i dont really know anything about crypto trading. Though maybe this has influenced my choice. But since i know more about forex. My choice would be forex.

 

[GIFTMICHAEL]

I'm simply attached to Cryptocurrency, in fact I never visited any forex trading broker to witness how to trade it, just that it resembles Cryptocurrency but needs advance skill to progress towards it.

 

[Senator]

Between the cryptocurrencies market trading and the forex market trading, I will always go with the cryptocurrencies trading because I have more affinity towards it than towards the forex market

 

[Mostee501]

Both crypto trading and forex trading are important when dealing with digital money and it all depends on different individual preferences.

 

[Isaac]

Although there is a big difference between cryptocurrency and Forex trading, they both work in similar way. Forex trading involve trading fiat currency while cryptocurrency deals with exchange of crypto. There are several exchange platform like binance, coinbase that crypto currency trading happen.The foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices.

 

[Nomad]

I have no knowledge and experience with forex. I did try to demo account and performed trading with the free money given by the trading platform but I did not like forex much. I am into crypto

 

[HayKay]

I'll prefer forex anyday. It's more real, more regulated and deals with something more stable and universally accepted - foreign exchange.
I see crypto as a scheme that's abused now. It's now a get rich quick thing and in my opinion won't last

 

[mcjerry]

It depends on choice. There are some people that finds forex trade easier than crypto currency while some see crypto currency easier than forex. I first see crypto currency easier but later I see the two as equal. And when trading on forex I do use crypto currency for my trades.

 

[btaliat]

I prefer crypto. There is less risk on crypto compare to forex and besides, crypto can be done and invested into by anybody with no or little knowledge unlike forex that requires much knowledge.