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

[Omotayo]

There are quite some differences between crypto trading and forex trading. One is what you are trading. The other is the volume and depth of the market and also profit margin.

 

[Syldan]

Well, to me they are almost similar or the same thing. Crypto trading involves buying at a lower price and selling at the time the price raise. while forex trading, deals with studying the time which is expected to purchase crypto and the time to sell.

 

[Shigobad2020]

When told to choose between crypto currency trading and forex trading ,i will prefer crypto currency trading because its easier to get to know than forex trading which seems hard. .

 

[Setho]

The both of them are equally very lucrative and involve financial markets but there is a marked difference between the two of them. When you are trading the forex market it means you are trading against actual real world currencies while if you're trading cryptocurrency you are using internet currencies.

 

[Shigobad2020]

Like you just said , crypto currency trading and business and also forex trading are both lucrative business but one is more easier to deal with than the other, so in prefer crypto currency trading.

The both of them are equally very lucrative and involve financial markets but there is a marked difference between the two of them. When you are trading the forex market it means you are trading against actual real world currencies while if you're trading cryptocurrency you are using internet currencies.

 

[tyrim88]

Basically Forex trading is trading of different currency pairs of countries in this fiat currency is the basis but crytocurrency is the trading of digital currency.

The two are basically trading in curency,but the cryptocurency is of a digital form,where its value,though without a peg to determine its actual value is carried out in a virtual form,but forex is done in a fiat format.

 

[Lens]

Forex is simply trading the rising or falling of fiat currency pairs globally while crypto trading is the trading of other digital currency like Bitcoin ethereum litecoin dad etc. As for forex it has to do with dollar pounds, franc etc.

You are correct with the point that you raised that bitcoin involved trading the digital currency while forex means trading the fiat currency and it us the biggest financial market in the world.

 

[Setho]

There is quite a difference in the way in which the both of them are regulated especially in the financial system. Some cryptocurrency exchanges are going to allow you to use leverage of up to 125 times but when it comes to forex the highest you can be able to use is 5 times.

 

[Bookwormlux]

Cryptocurrency trading is more transparent than Forest trading, where we have a lot of people who are actually not forex traders what are scammers hiding under the umbrella of forex trading.

 

[Sotherefore]

Cryptocurrency trading is more transparent than Forest trading, where we have a lot of people who are actually not forex traders what are scammers hiding under the umbrella of forex trading.

That is What many people believe and they are even pushing new people to believe that cryptocurrency is even more transparent, but the fact is that all of them are dangerous when you don't know how to trade it.

 

[Monster Masterpiece]

The problem is that both of them are risky and you could not guarantee that you earn from them as well adding to they are risky then it is not stable income most of the time.

 

[Setho]

The both of them are all types of currencies but then in forex trading you are trading with the volatility of physical currencies why will cryptocurrency you are doing with digital currencies. There are also things that you can be doing which cryptocurrency like sticking and liquidity provision.

 

[Shigobad2020]

The problem is that both of them are risky and you could not guarantee that you earn from them as well adding to they are risky then it is not stable income most of the time.

The volatility of crypto currency is what makes crypto currency fluctuates and its easier to trade than trading in forex which the probability is very slim if you don't know your way around the trading

 

[Bookwormlux]

They all present similar degree of risk, and would give you better profit if you really take time to learn what is expected of you, and then exercise high level of patience because that is what really determines how profitable it will be for you .

 

[Setho]

It is very often the case that a lot of people try to differentiate the two of them and that is not good. When it comes to cryptocurrency you are trading currencies like bitcoin and ethereum while in forex trading you are trading through physical.

 

[Bookwormlux]

The difference is due to the fact that bitcoin trading is very much more safe and profitable compared to forex trading that has greater risks compared to all other ways of making money online.

 

[Shigobad2020]

In my own point of view , I have tried the two (crypto currency trading/business and forex trading) , crypto currency trading is far more safe and most of the time secured than forex trading.

 

[RG5]

So basically the main difference between the Bitcoin and Forex markets is the liquidity factor. Forex is the largest and most liquid market in the world, with an average daily turnover of trillions of dollars. Bitcoin and other digital currencies are the most developed markets in the world. So be smart if you want to invest any of this.

 

[Setho]

The difference between crypto and forex trading is that you are trading an online currency whenever you are trading cryptocurrency and then you are trading physical currencies whenever you are trading the forex market.

 

[Lens]

The crypto trading is the best known for higher profits while the forex is not really associated with high profit but it's a stable form of investment. It all depends on the choice of the investors.