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

[Sheyemanu]

Concerninh your question, 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, dnd etc. As for forex it has to do with currencies of different countries

 

[Queentener]

I have a friend who is into both trading and according to him, both are the same process the difference is just the name, if you are a smart person who learnt Forex trading you can venture into crypto currency trading and make it big.

 

[Sincerem]

Concerninh your question, 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, dnd etc. As for forex it has to do with currencies of different countries

You're points is somewhat okay. Forex trading is not that volatile like the digital coins trading. It makes use of the fiat currency, while crypto trading is about digital currency trading.

 

[Victor72]

Forex trade can be defined as the buying and selling of currency whycrypto trade can be defined as the buying and selling of cryptocurrency.

 

[Jesuyemi 08]

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

How i wish you have tried trading forex before you can conclude that crytocurrency trading is dangerous. Forex trading is more complex and highly risky compared to cryto trading. You don't lose your money in cryto but the worth of your money just diminishes.

 

[Sincerem]

Forex trade can be defined as the buying and selling of currency whycrypto trade can be defined as the buying and selling of cryptocurrency.

You got it right bro. Either we buy and sell foreign exchange assets, or we buy and sell Cryptocurrency to make money. Either for long term or short term trading basis.

 

[Kelly5]

The difference between the two is simply that trading cryptocurrency involves trading cryptocurrencies while forex involves trading the fiat currencies

 

[James07]

Crypto trading is trading entirely using the crypto coins while forex trading can either use cryptocurrency or fiat currencies.

 

[Abbeyola]

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.

To me the difference between cryptocurrency and forex is that crptocurency deals mainly with digital currency, while forex entails different currency.

 

[Mastercoded]

Forex is more accepted in some country while cryptocurrency is not accepted on its own. The economy of the country affect forex while same cannot be said for crypto, forex market are determine how a particular currency fair well in the stock market while crypto are control by a few middle men

 

[Muhammadawais]

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[Awais814]

Another significant difference between the two is the availability of liquidity in forex and the lack of liquidity in crypto once you get away from the big cryptocurrency coins. If you really want to understand the differences between forex and crypto trading, you'll need to talk about security and other issues as well.

 

[Victor001]

Crypto trading is somewhat similar to Forex trading, but the technical and fundamentals of forex trading are somewhat advance than crypto.

 

[Samuel77]

Forex trading is the process of buying and selling of currency or exchaneing currency for profit making, but Bitcoin trading is an investment set up for profit making

 

[Chibson]

I think they're are both considered as trading which means buying something at a lower price and selling at a higher price. Forex deals on trading on different currencies while crypto trading involves cryptocurrencies.

 

[Smiles20]

The difference between the two is not quite something that is difficult. If you trade crypto, you trade assets like bitcoin or etherum, if you trade forex, then you trade stocks like Tesla and Microsoft. The both are great ways to make money online.

 

[GIFTMICHAEL]

I'm not all that experienced around Cryptocurrency trading nor forex trading. But my knowledge is developing around them, I'll be learning from people who are experts here.

 

[Ayokex]

Forex trading has to do with every transaction that involves fiat or physical currencies why crypto trading has to do with virtual or digital currency also called coins.

 

[Adebola]

Crypto trading and forex trading are the same. In a simple term i would have love to picture it as a gambling game. The major difference between the two is just the commodity that is involved in the trading

 

[Popular]

Forex means buying and selling and trading of currency of two pair country while crytocurrences means trading of currency such as bitcoin and litecoin,etherum, dogecoin they all rise and fall.

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).

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