What is the difference between Crypto trading and forex trading??

[Kelly5]

Of the many major differences between chryptocurrency trading and foreign exchange trading, the most obvious is the one that the forex market cannot be traded during the weekends while for cryptocurrency, they aw always open for business twentyfour hours daily

 

[Snazzy001]

People who engage themselves in forex trading almost sleep in it because you have to be there to monitor changes.whereas Bitcoin needs no time investment as much

 

[jeff87]

I find this two categorized trading very difficult to understand, they are similar to each other almost with same features to get started with. Can any one out there help me to solve this issue that I'm finding difficult to understand?? I need basic knowledge about this two before I will embark, trading on them.

I have only traded cryptocurrency. I have no experience yet in forex trading. In what I have watched in YouTube videos, forex trading is the trading between the Fiat currency of the nations like dollar, pounds, euros, etc. While cryptocurrency trading is trading coins like Bitcoin, dogecoin, etherium, etc.

 

[Kelly5]

There is also something that is strongly different between cryptocurrency trading and the forex trading. They are very different in their volatility. The cryptocurrency market is far more volatile than the forex market

 

[Richard92]

Crypto like Forex involve trading currencies. Forex is larger compare and well established to Crypto. Forex has middlemen and brokers but crypto does not have. Market for crypto is 24/7(everyday of the week) while Forex is 24/5(five days in a week).

Can teachers legally difference between cryto trading and foreign trading is Forest trading involves buying and selling of foreign currencies by crypto trading post the buying and selling of electronic coins.

 

[Thinker009]

There is a difference between the two , I think crypto is more concerned about trading crypto or digital coins ,while forex is basically more about trading currencies ,so there is a difference between crypto and forex trading

 

[Senator]

In trading the cryptocurrencies, you're dealing with digital currencies to trade and transact in. While in dealing with forex, you're dealing with fiat currencies In trading and transacting

 

[Razor1911]

In trading the cryptocurrencies, you're dealing with digital currencies to trade and transact in. While in dealing with forex, you're dealing with fiat currencies In trading and transacting

There's a catch in the statement, do you think cryptocurrency is the only digital currency. It's not, there are also other fiat currency which are digital, so it would suit most if you would have called it crypto coins.

 

[Sincerem]

I have only traded cryptocurrency. I have no experience yet in forex trading. In what I have watched in YouTube videos, forex trading is the trading between the Fiat currency of the nations like dollar, pounds, euros, etc. While cryptocurrency trading is trading coins like Bitcoin, dogecoin, etherium, etc.

Crypto trading has to the do with the combination of the digital coins, like you mentioned. Combine it, and expect it hot the expected target you want it.

 

[Chibson]

There is a lot of similarities between cryptocurrency trading and cryptocurrency trading but the main difference is that forex involves trading of fiat currencies.

 

[Sincerem]

There is a lot of similarities between cryptocurrency trading and cryptocurrency trading but the main difference is that forex involves trading of fiat currencies.

You're just repeating same thing dear, you should correct yourself, maybe its a typo. I'm expecting you to say, forex and Cryptocurrency trading differences.

 

[Kelly5]

Also there are some forex brokers that are now adding cryptocurrencies as those assets that can be traded in their platforms these days. I don't know if these forex brokers allow their cryptocurrency assets to be traded during the weekends since cryptos have no break

 

[Alexandoy]

Also there are some forex brokers that are now adding cryptocurrencies as those assets that can be traded in their platforms these days. I don't know if these forex brokers allow their cryptocurrency assets to be traded during the weekends since cryptos have no break

Some traders are doing many things like selling real estate on the side. Yeah, they can indulge with crypto even if their main line is forex. It is practically the same in concept although the nature of the commodity are different because forex is legal while crypto coin is not legal.

 

[btaliat]

There are more differences. Forex is shortened from foreign exchange which means dealing with currencies while crypto deals on coins. Aside this, forex is legal whole crypto may be illegal in some countries.

 

[Shigobad2020]

I never use forex, but crypto trading its a little bit dangerous

Since you confessed that you have not been into forex trading and that's why you think that crypto trading is dangerous, my dear, forex trading is far more worse and crypto trading can be learnt in just few days.

 

[Grandeur]

Although there are close similarities about Bitcoin and forex trading, but some major difference is that forex is a money market and controlled by the government while Bitcoin pro is there

 

[Josemendez]

Forex is an acronym for foreign exchange , it deals more with Fiat currency while cryptocurrency is for non Fiat digital currency. Both are digital though and are sources of investment.

 

[jeff87]

There is a lot of similarities between cryptocurrency trading and cryptocurrency trading but the main difference is that forex involves trading of fiat currencies.

I also believe that there is a lot of similarities between cryptocurrency trading and foreign currency trading or we call it forex trading.

Both can make us rich or poor when we don't know how to win in trading.

 

[mcjerry]

Forex Trading includes all aspects of buying, selling and exchanging currencies at current or determined prices.
While Cryptocurrencies trading is a business that allows customers to trade cryptocurrencies or digital currencies for other assets.

That is the simple definition and differences between forex and crypto currency trading. In a forex trading, crypto currency can be traded there. Infact I like using crypto currency pairs in my direction trade for I find it easier to study than other paid. But it is also risky for some one that don't know how.

 

[Richard92]

Crypto like Forex involve trading currencies. Forex is larger compare and well established to Crypto. Forex has middlemen and brokers but crypto does not have. Market for crypto is 24/7(everyday of the week) while Forex is 24/5(five days in a week).

Different or I will say the basic difference between crypto trading on forex trading crypto trading is trading that involves buying and selling of electronic my forex trading involve the buying and selling of foreign currency