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

[Shigobad2020]

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.

Crypto currency trading is an avenue where you invest your crypto currency coin and get an increament at the end of the day while forex trading is the process where you put your money between trading of one country to another and you might gain or loose in the process.

 

[Bookwormlux]

Crypto Currencies trading is more popular and accepted by people than forex trading. Crypto Currencies have helped more people to make money online than forex trading can ever do.

 

[Senator]

The cryptocurrencies market and trading floor is open twenty four hours of every day of the week including weekend but the forex market is open twenty four hours of the day except during the weekends.

 

[Sincerem]

Crypto currency trading is an avenue where you invest your crypto currency coin and get an increament at the end of the day while forex trading is the process where you put your money between trading of one country to another and you might gain or loose in the process.

Forex deals on fiat currency, if you're well accustomed to forex trading, you'll make better things out of it, just like when you do with crypto being an expert.

 

[Kingsley]

Crypto currencies are more of digital currencies which are not that he acceptable for now which is one basic concept or attributes of money, Crypto are not tangible money and are very volatile although same applies to forex aswel that it has a legal backing of General acceptance.

 

[Shigobad2020]

Forex deals on fiat currency, if you're well accustomed to forex trading, you'll make better things out of it, just like when you do with crypto being an expert.

That's it bro i dont know much about dealing and studying with fiat currency and thats why i failed in forex trading but i can confidently say that I can do better in dealing in crypto coin.

 

[eLdavis]

I dont really think there are much difference. Both are trading. The only major difference is that in forex, you are dealing with currencies and commodities such as gold, silver and the likes while in crypto you are dealing with crypto currencies

 

[Senator]

Another difference between the both types of trading is that the cryptocurrencies volume of trades on a daily basis as compered to the currency fiat volumes, is much larger than the fiat trading volume per day

 

[Sincerem]

That's it bro i dont know much about dealing and studying with fiat currency and thats why i failed in forex trading but i can confidently say that I can do better in dealing in crypto coin.

Since you aren't well acquainted dealing on fiat currency trading which is the forex trading. You should just focus and concentrate on crypto trading, to earn reward with.

 

[Fizzy_boi]

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).

Yeah you said it all well I didn't actually realize the working days of forex traders before compare to that of crypto currencies trading.

 

[Alexandoy]

Crypto currencies are more of digital currencies which are not that he acceptable for now which is one basic concept or attributes of money, Crypto are not tangible money and are very volatile although same applies to forex aswel that it has a legal backing of General acceptance.

Actually crypto currency is not money because it is a mere commodity that we can call digital commodity which is not tangible and has no backing of any reputable entity. That is one reason why I cannot trust crypto currency. It can be here today and gone tomorrow. Holders may complain but for sure they had lost their money.

 

[Fozzy_boy]

Generally forex trading is more protected, regulated and stable, however, crypto trading can promise you larger returns than forex.

 

[Shigobad2020]

Since you aren't well acquainted dealing on fiat currency trading which is the forex trading. You should just focus and concentrate on crypto trading, to earn reward with.

Thats exactly what i have been trying to do do myself recently, since i dont know much about the fiat currency , I have been focusing squarely on investing in cypto currency.

 

[Sincerem]

Thats exactly what i have been trying to do do myself recently, since i dont know much about the fiat currency , I have been focusing squarely on investing in cypto currency.

Fiat currency is just the currency you use everyday offline, like the Nigerian Naira. Trading such fiat currencies in the forex market, makes it forex trading.

 

[Richard92]

Fiat currency is just the currency you use everyday offline, like the Nigerian Naira. Trading such fiat currencies in the forex market, makes it forex trading.

there is a big difference between crypto trading and forex trading because crypto trading is all about the trading of electronic coin while Forest trading is the buying and selling of foreign currency.

 

[Sotherefore]

the difference I know is that when you are trading Forex you are trading the currency of each countries of the world depending on the exchanges you are using but in cryptocurrency trading you are trading of bitcoins and other cryptocurrency that is available in the cryptospace

 

[Kelly5]

The cryptocurrencies you trading with in the cryptocurrencies platforms are digital currencies by nature. While the currencies you're trading with in the foreign exchange market are called fiat currencies.

 

[Sincerem]

there is a big difference between crypto trading and forex trading because crypto trading is all about the trading of electronic coin while Forest trading is the buying and selling of foreign currency.

The fiat currency and Cryptocurrency is the difference. Forex trading uses fiat currency to trade which isn't volatile like crypto trading.

 

[Sotherefore]

A cryptocurrency is a digital currency and is the future currency of the world, trading it means that you are buying a digital currency at the lower price and sell it at a higher price, trading of Forex means trading of a particular currency of a country with that of other country

 

[Good-Person]

I was not aware about Forex trading until recently. I did a google search and found that Forex trading involves dealing and making money with fiat currencies and crypto currency trading is dealing in digital currencies. Please correct me if I am wrong.