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

[Sincerem]

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.

 

[woookje]

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

 

[WhiteHouse]

Forex Trading includes all aspects of buying, selling and exchanging currencies at current or determined prices.
While Cryptocurrencies trading is a business that allows customers to trade cryptocurrencies or digital currencies for other assets.

 

[Nurudeen]

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

 

[Lyrrex]

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

Dangerous? Lol! it's a fact that forex trading is very popular and has more liquidity than cryptocurrency trading. But I've come to understand that cryptocurrency trading is a lot more easier to trade.

 

[Presido]

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

 

[WhiteHouse]

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.

Digital currency markets carry on in a totally different example than conventional forex markets.

 

[Abigael]

I understand forex trading to be about trading fiat currencies which have more stability. I find it to be so complicated and requires so much learning and research for one to master. As for crypto trading, it involves trading digital currencies which are not stable. Their volatility makes them easy to trade and one easily learn crypto trading.

 

[Trexxxy]

Forex and crypto trading are different in do many ways. In crypto currency trading the main exchange or the medium of trading is in crypto. While Forex trading you are essentially trading in each countries base currency pair. Also Forex trading is a bit more complicated than crypto trading.

 

[ahmedo24]

Forex trading is very complex because activities arround it are many so of you to trade you will need to be updated in so many areas while Crypto currencies are limited to price of coins you are only trading, these can easily be controlled.

 

[Suba]

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,

 

[Ltherman]

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.

 

[giddy]

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.

 

[Alexandoy]

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.

 

[Hasan Raza]

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.

 

[Bookwormlux]

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.

 

[Oloritoks]

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.

 

[Kamon c4]

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

 

[Khezo]

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.

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

 

[Afoskalex]

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).