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

[Jlife]

There are thousands of cryptocurrency you can actually trade ,in cryptocurrency trading you use an exchanges like binance to trade cryptocurrency, forex trading has to do with trading of currencies but both of them deal on the law of supply and demand.

 

[Ralphjoe]

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.

I completely agree with you that crypto trading and forex trading are mostly the same in concept but in the real sense of the word they are quite different when it comes to actually trading them because in Forex trading is quite difficult and complex than crypto trading which is less complex and simple.

 

[Setfragil]

Cryptocurrency and forex are trading that involves the exchange of digital assets for money while cryptocurrency involves the use of digital currency to exchange for money forex involves buying and selling of foreign fiat currency online.

 

[Kayzzy3]

Cryptocurrency and forex are trading that involves the exchange of digital assets for money while cryptocurrency involves the use of digital currency to exchange for money forex involves buying and selling of foreign fiat currency online.

In this term, cryptocurrencies trading involves trading with crypto digital assets, while forex trading is buying and selling currencies of different countries, both are done electronically and modalities of trades aren't quite different.

In forex it is noticed that volatility is not very high as compared to Crypto trading.

 

[Prettyjanie]

Well both are online means of earning some cash. However, I think forex trading is more complex compared to cryptocurrency. In crypto, you don't need to learn as much as you would when you want to go into forex trading.

 

[Ralphjoe]

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

I think when you say dangerous you mean risky but I will tell you that there is no venture that doesn't carry any form of wrist so I will tell you that Forest trading and cryptocurrency trading both carry some form of risk attached to them.

 

[Patrik]

trading in cryptocurrencies involve cryptocurrencies themselves when forex trading involves other kinds of institutions

 

[Bookwormlux]

I think when you say dangerous you mean risky but I will tell you that there is no venture that doesn't carry any form of wrist so I will tell you that Forest trading and cryptocurrency trading both carry some form of risk attached to them.

Definitely, knowing this is key to succeeding in anything that we are trying to do In life. It doesn't make sense to avoid profitable investments because they're risky.

 

[Razor1911]

trading in cryptocurrencies involve cryptocurrencies themselves when forex trading involves other kinds of institutions

Basically there is no difference. You can say that risk factor is different, but that's different for all other sectors too. Fundamentally both the price actions are relevant to each other.

 

[Sotherefore]

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

both of them are highly volatile and there is no single stability in any of them,as a cryptocurrency trader I can say that forex trading is one of the most unstable form of volatile trading, can't even imagine going into it.

 

[Bookwormlux]

both of them are highly volatile and there is no single stability in any of them,as a cryptocurrency trader I can say that forex trading is one of the most unstable form of volatile trading, can't even imagine going into it.

This is also why I don't even consider giving it a trial, so many hype about it yet I have not seen anyone who is really making money from it like people think.

 

[Sotherefore]

This is also why I don't even consider giving it a trial, so many hype about it yet I have not seen anyone who is really making money from it like people think.

I know a lot of people that are making a lot of money from trading cryptocurrencies and if you need more than five of them I'll show you,but I personally have not seen anyone that have make something reasonable from trading of forex before.

 

[Bookwormlux]

I know a lot of people that are making a lot of money from trading cryptocurrencies and if you need more than five of them I'll show you,but I personally have not seen anyone that have make something reasonable from trading of forex before.

There is a friend of mine that always post about forex trading, but i do not think he is making any money from it. Just hyping it every now and then.

 

[Sotherefore]

There is a friend of mine that always post about forex trading, but i do not think he is making any money from it. Just hyping it every now and then.

if he was actually posting about cryptocurrency I could have believe that he is actually making money, I make money from cryptocurrency but most of the profit I invested in potential cryptocurrency for long time purposes

 

[Chibson]

In terms of risk I think forex trading is riskier than cryptocurrency trading because I have seen a lot of people who complain that they have lost so much amount of money in forex trading.

 

[Ralphjoe]

Definitely, knowing this is key to succeeding in anything that we are trying to do In life. It doesn't make sense to avoid profitable investments because they're risky.

This is actually the biggest room in the world of this successful people because they do not run away from risk but poor people do not like to take risk so you should be encouraged that any investment that is quite risky is capable of making you Rich.

 

[Jlife]

If you are trading of forex you are making use of a broker,but if you are trading of cryptocurrency you are making use of crypto exchanges, trading of Forex has to do with currencies of the world while cryptocurrency as today with crypto coin.

 

[Chibson]

There are some similarities and some differences between forex trading and cryptocurrency trading. Cryptocurrency you use exchange for trading while in forex, broker.

 

[Jlife]

crypto trading involves buying a particular cryptocurrency at the lower price and sell it at a higher price with the sole purpose of making profit,involved cryptocurrency but in forex trading it involves trading of currencies of any country. Both of them as risky.

 

[Delight]

If You are trading cryptocurrency you are buying a crypto coin like bitcoins at lower price and sell it at a higher price, if you trading Forex you're buying currency of any countries of the world to trade it with another currency for profit.