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

Aniwhyte

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I really don't know much about forex trading because I have tried it out in the past and I haven't been successful on it, but I know little about crypto trading as it is a process where by you buy a coin at a lower price and sell it off when the price has sky rocket.
 
Joseph555

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Sincerem said:
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.
Click to expand...
To be very honest with you I don't know anything about the them since I am new in the world of cryptocurrency our Ally dude with years of experience to commend but nevertheless I know that cryptocurrency deals will coins like Bitcoins, litecoin, ETH and many more.
 
Mahnoor

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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.
 
Kelvin7656

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Cryptocurrency trading is similar to forex trading in that they both involve exchanging a currency for another currency. ... Historically, the crypto market is more unpredictable and volatile. For extreme foreign currency couples in the Forex, volatility is around 1%, and . 5% for most of the established currencies.
 

BlueNote

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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.
 
Sincerem

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Joseph555 said:
To be very honest with you I don't know anything about the them since I am new in the world of cryptocurrency our Ally dude with years of experience to commend but nevertheless I know that cryptocurrency deals will coins like Bitcoins, litecoin, ETH and many more.
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Okay, now I've known the difference between forex trading and crypto trading. They differs, forex uses fiat currency pairing when trading. But crypto trading deals with digital currency pairing when trading.
 
Malikshah53

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Bitcoin may be gaining popularity right now, but that alone doesn't make it a smart investment. Before you invest any money, think about your tolerance for risk. If you have money to burn and are willing to risk it, it may be worth the gamble. But for most investors, it's best to steer clear of Bitcoin for right now.
 
abubakar3141

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And if the business 'opportunity' is less about selling products than hiring, well that's it, that's the feature of a pyramid scheme. Furthermore, forex trading is often more profitable and partly risky. But with the help of foreign currency people are allowed to come at a very low price. "
 
Malikshah53

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Bitcoin may be gaining popularity right now, but that alone doesn't make it a smart investment. Before you invest any money, think about your tolerance for risk. If you have money to burn and are willing to risk it, it may be worth the gamble. But for most investors, it's best to steer clear of Bitcoin for right now.
 
Samuel77

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According to my own point of view crypto trade is the buying and selling of cryptocurrency. why forex trade is the buying and selling of currency such as naira dollars pounds euros shilling penny, from one place to another
 
Donolatunji

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Although currencies are backed by a centralized government in the forex market, cryptocurrencies are not. ... Trading in cryptocurrencies is similar to trading forex in that both require exchanging a currency for another currency. The crypto-currency market and the forex market, however, are affected by numerous factors.
 
Shigobad2020

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A crypto 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 trading is the process of changing one currency into another currency for a variety of reasons, usually for commerce, trading, or tourism.
 
Noor khan

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Sincerem said:
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.
Click to expand...
Yes you are right these traders as well trading is similar and
there will be many differences in forex and crypto trading, including: Price Fluctuations in Crypto trading, high and fast price fluctuations, while forex is more stable. The leverage provided by forex brokers is higher than crypto exchanges, forex market capitalization is greater than crypto. Forex is more liquid than crypto. For active forex traders have major-minor and exotic pairs (cross). Fundamental factors are more influential on forex than crypto,

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Ltherman​

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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.

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[IMG alt="giddy"]https://bizdustry.com/data/avatars/m/1/1640.jpg?1610712572[/IMG]

giddy​

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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. ... Historically, the crypto market is more unpredictable and volatile.

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[IMG alt="Alexandoy"]https://bizdustry.com/data/avatars/m/0/451.jpg?1533889006[/IMG]

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With trading the concept is you buy something and later on you sell that something usually for a profit. But there comes a time that when you are badly in need of funds you are going to sell that something at a lower price than the price when you bought it. In other words you sell that something for a loss. Crypto trading and forex are practically the same in concept. They are 2 different commodities but with the same procedure as an investment or business.

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[IMG alt="Hasan Raza"]https://bizdustry.com/data/avatars/m/5/5789.jpg?1608796926[/IMG]

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Forex trading the market is backed my centralised government but the cryptocurrencies are not. In the other sense forex trading and cryptocurrencies are both same because they exchange currencies for another currency.

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Crypto currency trading does not take much of one's time. You can opt for a long term investment and then forget about your coins for a very long time while it still increase due to rise in price. You tend to make money without stress. Forex trading on the other hand requires you to spend a lot of time learning and understanding the best time to trade. Things like that take time. So crypto currency trading is completely different from forex trading.

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[IMG alt="Oloritoks"]https://bizdustry.com/data/avatars/m/1/1380.jpg?1610042684[/IMG]

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The difference between crypto currency and forex trading is that you buy in ethereum in crypto currency while that forex deals with stock based on the rising and falling of the market.

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Forex trading and cryptocurrency are similar but the entities traded and mode of trading differentiates them. Forex trading is the exchange and trading of one country’s currency for another country’s. Cryptocurrency trading is the exchange and trade of cryptocurrencies. Forex trading is like investing in a country’s economy in order to make gain against another country’ Currency. Cryptocurrency isn’t limited to any country it’s for all

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Sincerem said:
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.
Click to expand...
To my understanding, crypto trading is the act of trading cryoyo currencies such as bitcoin ,stellar, bitcoin cash, ETH and the rest
Forex trading is the act of trading currency pairs of two different countries e.g USD/chf, chf/joy
So there is a big difference between the two account

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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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Sincerem said:
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.
Click to expand...
Well I think in Cryptocurrencies, a coin is exchanged on shared premise ,which includes exceptionally less expense and no contribution of mediators. While if there should be an occurrence of forex market, generally handles encourage exchanges among members and that frequently adds a layer of additional expenses. Forex market has a ton of instability, yet it is a lot of lower than the crypto market, so exploiting little value developments is simpler in crypto exchanging and digital currency markets carry on in a totally different example than conventional forex markets.
 
IamDozzy

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Forex trading is trading in different currencies while crypto trading is trading using cryptocurrency. The glaring difference between them is that one is done using Fiat USD/GBP while the other is done using cryptocurrencies like BTC, ETH, LTC etc. I would recommend you do cryptocurrency because that is the safest of the two and you have opportunity to make money once any of those cryptos hit a bull run.
 
KvngMurphy

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Major difference known between Bitcoin and the forex market are actually the liquidity factors. Forex is the largest and most liquid market in the world, where the average daily turnover can be in the trillion dollars. Bitcoin is a smaller market worth about $137 billion (data from August 2017).
 

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Seun4luv

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Forex trading can offer more built-in stability, as well as an industry with deeper roots, more infrastructure and clear regulation. However, the room for upside in this market may not be as extreme as cryptocurrency can offer.
 

kayode10

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Sincerem said:
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.
Click to expand...
There are great similarities between cryptocurrency trading and forex trading. If you're taking, both can easily be used interchangeably.

However there is a quite different between the two. In a simple term, cryptocurrency trading is all about trading web currencies against one another, like trading bitcoins against etherium.

Forex trading on the other hand it's all about trading legal tender, physical money of different countries against each other, live trading dollars against pound sterling.
 
Sincerem

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Joseph555 said:
To be very honest with you I don't know anything about the them since I am new in the world of cryptocurrency our Ally dude with years of experience to commend but nevertheless I know that cryptocurrency deals will coins like Bitcoins, litecoin, ETH and many more.
Click to expand...
Okay, now I've known the difference between forex trading and crypto trading. They differs, forex uses fiat currency pairing when trading. But crypto trading deals with digital currency pairing when trading.
 
Eodine

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Nurudeen said:
I don't really know about forex but Crypto trading requires you to buy a coin when offered by a seller at low price in the trading platform and you sell at high rate
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Forex is a money market, of different denominations of currencies so to put and exchanging them while crypto currency is a decentralized digital currency most of which works on the block chain network.
 
btaliat

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They are similar in some aspects but different in some. While cryptocurrencies deal with digital coins, forex deals with assets which may include fiat currency, assets like gold etc. But the way you analyze market may be the same.
 
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