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

[GIFTMICHAEL]

Both are simply digital assets trading. Just that in forex trading it is mainly for fiat trading while in crypto, it is mainly made up of encrypted coins for it's trading.

 

[Hena101]

The two trading are different in the sense that forex market is larger than crypto currency market and it's not active on weekend unlike crypto currency market.

 

[Mayox25]

Basically Forex trading is trading of different currency pairs of countries in this fiat currency is the basis but crytocurrency is the trading of digital currency.

 

[Ralphjoe]

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.

The major difference between cryptocurrency trading on forex trading in the fact that cryptocurrency trading has to do with trading cryptocurrencies like bitcoin and ethereum why Forex trading as to do it trading Fiat currencies in the foreign exchange market.

 

[Setho]

When you are trading cryptocurrency market then it means you are trading their volatility of digital currencies while forex means you are trading that of physical currencies.

 

[Sincerem]

The major difference between cryptocurrency trading on forex trading in the fact that cryptocurrency trading has to do with trading cryptocurrencies like bitcoin and ethereum why Forex trading as to do it trading Fiat currencies in the foreign exchange market.

Yes, you just explained what the two is all about. You trade fiat currency via forex trading and crypto is simply with the encrypted coins that are volatile enough to trade.

 

[Ralphjoe]

Yes, you just explained what the two is all about. You trade fiat currency via forex trading and crypto is simply with the encrypted coins that are volatile enough to trade.

Since the day I started trading cryptocurrency it has been a jolly good ride for me because I have been making a lot of profit while trading as I also get signal for those cryptocurrencies that are about to increase in their prices.

 

[Sincerem]

Since the day I started trading cryptocurrency it has been a jolly good ride for me because I have been making a lot of profit while trading as I also get signal for those cryptocurrencies that are about to increase in their prices.

That's an act of keeping close tab around the coins, monitoring them steadily. Cryptocurrency can make any one rich that exercise patience and trade wisely.

 

[Ayojesu]

Forex trading vs cryptocurrency: it will depend on your strategies, goals, and needs. If you want over the counter trading, then forex might be for you. If you need more privacy and want to trade 24/7, then you might want to give cryptos a chance.

 

[McIrx]

Forex, asides being more established than cryptocurrency, is what I call the playground for the very rich and wealthy. It is so huge and virtually all countries are in on it. Crypto is still relatively the new kid on the block and some countries hasn't warmed towards it.

 

[Psalmseen]

Crypto and forex trade is an opposite market. You have to understand that well. Crypto only involves the trading of digital currencies such as bitcoin, ethereum amongst other currencies. While forex involves trading currencies

 

[Kelly5]

With trading the forex market, you're actually trading the foreign exchange market if currencies of different nations. But with trading cryptocurrencies, you're trading online digital cryptocurrencies that are bit backed by any government like the fiat currencies of forex

 

[Abigael]

Basically Forex trading is trading of different currency pairs of countries in this fiat currency is the basis but crytocurrency is the trading of digital currency.

That is a simple and true difference between the two. One just has to choose one that works best for him/her. For me, I find forex trading to be more complex than cryptocurrency trading.

 

[Ceeny007]

Forex trading has to deal with the trading of foreign currency while crypto trading is the trading of virtual currency and are mostly depicted in coins

 

[jeff87]

Forex trading has to deal with the trading of foreign currency while crypto trading is the trading of virtual currency and are mostly depicted in coins

I agree with you. I have also learned that forex trading is the trading of foreign currency like dollar, peso, pounds, etcetera. And cryptocurrency trading is the trading of digital currency like Bitcoin, dogecoin Litecoin etc.

 

[Richard92]

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).

Cryptocurrency trading involves the trading of electronic my forex trading involves the trade of foreign currencies both of them make use of the same procedures.

 

[Bousine123]

There is actually a different between the both of them one demands that you trade a countries currency while the other is fiat currency.

 

[Kingmarvex]

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.

I would also like to know more about the difference, and I also wang someone to put me through the whole process if crypto currencies and making money online pls

 

[Setho]

I always try to see it as if crypto trading is much more volatile than the forex market because it is here that you are going to see large swinging in different direction.

 

[Ralphjoe]

That's an act of keeping close tab around the coins, monitoring them steadily. Cryptocurrency can make any one rich that exercise patience and trade wisely.

Do something that I have noticed with cryptocurrency trading these days and that is the fact that you're trading can be hanging for a very long time before it sells off and I sometimes you might be tempted to sell of your trade at a loss but one thing that I have noticed that I never sell my cryptocurrency trades at a loss no matter the time it takes.