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

[Milz]

For some reasons I really don't know how to differentiate between forex trading and crypto trading. But sounds like the same kind of risk-taking to me. But I would prefer to venture into crypto trading because he seems very profitable.
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For some reasons I really don't know how to differentiate between forex trading and crypto trading. But sounds like the same kind of risk-taking to me. But I would prefer to venture into crypto trading because he seems very profitable.

 

[FreshKaz11]

I think their is no much difference I guess, because they are both under forex trading both crypto trading and forex. And we have two categories of trading in forex,we have the crypto trading and the currency trading, crypto is a digital money while currency is the normal money we all know as well,like dollar,pounds and so on those are the example of the currency we have in forex trading. While crypto are the bitcoin and so on.

 

[Adventurer]

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

Yes that is my understanding of cryptocurrency trading though I don't fully understand Forex. One similarity I know they both have is that they are extremely profitable but risky investments.

 

[Mostee501]

Forex trading is a global market place for exchanging currencies of different nationalities for commerce,trade and financial purposes and is one of the world's most liquid asset markets,while crypto trading has to do with using cryptocurrencies to complete transactions either by trading crypto coins or buying and selling crypto coins.

 

[Ayokex]

Firstly I will say that crypto trading and forex trading are both involved in currency exchange. The both require buying a particular currency at a lower rate, wait for it to rise and sell at an higher rate. Some of the major differences in these businesses are; forex trading involves the transaction of fiat currency while crypto trading involves the transaction of digital currency. Also, forex trading has a standardized trading platform where traders can make different analysis about their trading but I'm not so sure if crypto trading also has this.

 

[Tariq Nazir]

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 crypto currencies. Forex trading is like investing in a country’s economy in order to make gain against another country’ Currency.

 

[kayode10]

To me, forex trading is just like gambling because it is very risky,. Crypto currencies trading is just like a normal investment, the amount of money invested will determine your profit

There is no much difference between the two. Forex trading also works in the same way as cryptocurrency. The major difference is that instead of cryptocurrency, you are going to be trading different currency against each other in order to make some profit. Forex trading can also give passive income.

 

[Menky]

Cryprocurrency trading involves only the buying and selling of only cryptocurrencies while forex trade is a type of trade that involves different currencies and commodities

 

[Sincerem]

Yeah, these two trades are very similar, but if we look closely 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,

You said what i really loved hear @Suba. With what you stated here, forex trading edges past crypto trading. It is more liquid than crypto, forex is stable when it comes to price fluctuations etc.

 

[Menky]

Crypto trading deals only on the buying and selling of crypto coins while forex trading deals on the buying and selling of currencies and commodities

 

[Justin]

I am not into any of these. I see these two areas very risky whether you are trading crypto or forex, you need to have a strong financial background,just one wrong decision and you might end of losing all of your investment

 

[Deebabs123]

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.

 

[Setho]

The difference between crypto trading and forex trading is pretty much straight forward. In forex you trade company stocks and stake against going up or down while in crypto you stake against crypto currencies like bitcoin.

 

[Cash%]

The difference is that crypto trading is more easier to learn compared to forex trading ,a lot of people who are into gorex trading know how harder it is to earn on forex i think
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The difference is that crypto trading is more easier to learn compared to forex trading ,a lot of people who are into gorex trading know how harder it is to earn on forex i think

 

[Ehizzy1]

The main difference between forex trading and crypto trading , is that you need an indept study about forex trading before you to start investing, compared to crypto trading, if you know these then you could start from investing and others

 

[Nomad]

I am not into crypto trading or forex trading. I have tried investing on crypto with an aim to hold for a long time. However, I have to convert into fiat currency everytime I need money.

 

[Dowenship]

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.

Well crypto is a digital currency why forex is the overall plateform where you can trade any form of currency. both traded the same way i even read that if you can trade crypto currency you can also trade with forex...

 

[Jumoke12]

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.

Forex Trading involves the trading of one country currency against the other, this is called currency pairs, cryptocurrency deals with just one currency which is dollar. The prices of cryptocurrencies are mostly measured in dollars.

 

[Sincerem]

Well crypto is a digital currency why forex is the overall plateform where you can trade any form of currency. both traded the same way i even read that if you can trade crypto currency you can also trade with forex...

Hmm, no. Cryptocurrency trading is the type of trading that is operational with pair to pair digital coins. While, forex trading, is operational through pair to pair fiat currencies.

 

[LaylaG]

For me,cypto trading is all about trading or investing in some currencies like,bit coin,lite coin,dodge coin,ETH,and more

while forex trading can be serve as short term investment or trading,forex also has people like brokers,and the trade on foreign currency like USD,CHF and more