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

[Luckboy]

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

 

[Kehinde]

trading Forex or Crypto is a better option is a matter of personal choice for each trader. Both markets have their advantages and disadvantages. For example, while crypto trading can bring more potential returns and involves fewer fees, Forex trading provides more stability and less volatility.

 

[nasiusman95]

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

 

[Bethel Victor]

Cryptocurrency is a digital means of exchange, it is not regulated by any government body like every other currency, while forex as the name goes means foreign exchange, in forex you buy and sell different currencies and you make profit or loss depending on your prediction of the market.

 

[Tinaconcept]

For forex trading I dont know much about it because of its high risk level while cryptocurrency is where different coins are been used for trading, that is buying of coins when they are not high and wait for its appreciation. The good thing about cryptocurrency is that its risk level is low

 

[Profwriter]

Cryptocurrencies deal with digital money and forex deals with fiat money. Both of them are high risk trading but the process of trading differs between them. Prices in the crypto currencies Commodity are never constant but that of fiat currencies are fairly constant.

 

[Ibrahim]

As for me both crypto and forex trading they both working together because they both trading but forex trading is very large and it's very expand bit everybody prefer crypto trading because it's giving us what we want and it's taking over just like Bitcoin

 

[Onachukwu]

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.

 

[Adeyoola7]

The foreign currency exchange (or Forex) market and the cryptocurrency market are separate.
These markets have unique aspects that make them appealing to traders.
The Forex market is the largest, most liquid market in the world. It’s a decentralized global market, where all the currencies in the world are traded.

Cryptocurrencies, while often referred to as “digital currencies,” aren’t the same as currencies like the U.S. dollar or the Japanese yen.

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

 

[Olahab]

Crypto trading, just like forex, involves trading currencies. However, the forex market is larger and well-established while the crypto market is relatively a new player to the scene.

Forex involves middlemen, brokers and various other institutions that usually collect fees at almost every step of the trading process. However, in crypto trading, there’s no middleman and that’s probably the biggest draws to it.

 

[BuchiBankz]

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.

 

[Blessedsam60]

Forex trading is the trading of currency pairs I.e Dollars/British Pounds or in pairs with other currency
But Crytocurrency trading is the trading of a digital currency in pairs with another digital currency or with fiat online.
Both are with same trading patterns

 

[Dubai]

Crypto trading is quite different from Forex trading in that the latter has to do with buying and selling of foreign fiat currencies online using the days current exchange prices. On the other hand, crypto trading is the transaction of virtual digital currency either with other crypto or fiat money.

 

[Kelly5]

Therenisna difference between forex trading and trading of the various cryptocurrencies. Forex trading has tondo within instruments in the forex market like fiat currencies. While cryptocurrencies trading deals with cryptocurrencies

 

[Zevin]

Crypto trading means you trade cryptocurrencies. When you are dealing with crypto trading, you are trading various cryptocurrencies like bitcoins, ethereum, bitccoin cash, litecoin, etc. Forex trading means trading foreign currencies like USD. Pound, Euro, Yen, etc. Both of these trading involves buying, holding for some time and then selling to make some profits.

 

[Diamond07]

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

 

[Richard92]

One big difference between cryptocurrency and forex trading is cryptocurrency trade on electronic currencies which involve Bitcoin litcoin a etherum e.t.c why forex trading trade on normal conventional currencies like dollar naira, pounds and others.

 

[Ralphjoe]

Cryptocurrency trading is the exchange of cryptocurrencies between two cryptocurrencies holders to make profits while forex trading is the trading of foreign exchange, in that when the price of a currency increases you can sell your currency and make profits on them.

 

[Mariyam]

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.

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.

 

[Kinglegend01]

Both of them are really different. Cryptocurrency trading is the act of speculating on cryptocurrency price movements via a CFD trading account, or buying and selling the underlying coins via an exchange. While forex which is an acronym for foreign exchange market is a global decentralized or over-the-counter market for the trading of currencies. This market determines (foreign exchange market) rates for every currency. It includes all aspects of buying, selling and exchanging currencies.