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

[Sotherefore]

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

Both of them are almost the same in the sense that there all deal with technical and fundamental analysis and it might actually be difficult for you to predict the movement of market if you're not an expert..

 

[Ceeny007]

Both are traded virtually though but in is Fiat while the other is hosted on block chain,one is accepted any where while the other is not,one can be traced while the other can't be traced

 

[Psalmseen]

There's a great difference between crypto and forex. Crypto is all about trading digital currencies such as ethereum, btc and others while forex is all about trading foreign currencies and exchanging them

 

[Sincerem]

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.

I can't sell my cryptos off when profit isn't recorded. My coins must record profit before I can decide to flip them up cos my aim is to make profit.

 

[Ralphjoe]

I can't sell my cryptos off when profit isn't recorded. My coins must record profit before I can decide to flip them up cos my aim is to make profit.

This same attitude of not wanting to sell my cryptocurrency at a loss is the reason why I see have a cryptocurrency trade pending in my bank account and that in this trade I traded with $42 and I am currently using $10 but I will still wait until my cryptocurrency we sell off on his own because I do not want to trade at a lot.

 

[Sincerem]

This same attitude of not wanting to sell my cryptocurrency at a loss is the reason why I see have a cryptocurrency trade pending in my bank account and that in this trade I traded with $42 and I am currently using $10 but I will still wait until my cryptocurrency we sell off on his own because I do not want to trade at a lot.

Are you trading spot trading? This one you're sounding like this. Saying, you'll simply allow your coin to trade itself off when it reaches your asking price for profit.

 

[btaliat]

While forex deals with trading in currencies of the world. Crypto trades in coins. Forex is accepted and legal and even is the largest market in the world when it comes to money market

 

[Stylex]

the difference between for ex trading and cry to trading

well as for me for ex trading and crypto trading are almost the same to me because I don't see any clear difference ,all of them looks the same

 

[tyrim88]

trading Forex or Crypto is a better option is a matter of personal choice for each trader. Both markets have their advantages and disadvantages. For example, while crypto trading can bring more potential returns and involves fewer fees, Forex trading provides more stability and less volatility.

One thing about the trading of cryptocurency is that it has the ablity to make someone to become rich in a day,due to the high volatility,but you can also loss you funds as well,but in forex though volatile if you know hoe to trdae the market then you would not have much loss.

 

[Shigobad2020]

Both of them are almost the same in the sense that there all deal with technical and fundamental analysis and it might actually be difficult for you to predict the movement of market if you're not an expert

Both crypto currency investment and forex trading are somehow similarbecause they deals with technical and fundamental analysis but crypto currency trading is more safer than forex trading.

 

[Ralphjoe]

the difference between for ex trading and cry to trading

well as for me for ex trading and crypto trading are almost the same to me because I don't see any clear difference ,all of them looks the same

Well I don't understand why you are now and ex cryptocurrency trader because now is the best time for everyone to be trading cryptocurrency as it is now becoming very popular in the world and more lucrative done as it was before.

 

[Setho]

If you are treating the both of them then you are trading currencies but didn't cryptocurrencies means digital currencies while forex means physical currencies.

 

[Stylex]

Well I don't understand why you are now and ex cryptocurrency trader because now is the best time for everyone to be trading cryptocurrency as it is now becoming very popular in the world and more lucrative done as it was before.

yes I know that now is the best time for everyone to be trading cryptocurrency ,because it is been popular and lucrative,yes ,not that I am an ex cryptocurrency trader ,i also want to be trading in cryptocurrency but I don't know how to go about it ,can you please help me shade more light on how to trade on cryptocurrency

 

[Dagm1]

To me, forex trading is actually much like betting since it is actually extremely dangerous,. Crypto moneys trading is actually much like a typical financial assets, the quantity of cash spent will certainly identify your revenue

 

[Sotherefore]

Both crypto currency investment and forex trading are somehow similarbecause they deals with technical and fundamental analysis but crypto currency trading is more safer than forex trading.

I can say that both of them are actually the same because even in cryptocurrency a lot of people are losing money .if it was safer as you think people wouldn't have lost their money in cryptocurrency since they will have to leave it there to grow back.

 

[Senator]

When you are trading the cryptocurrencies market, you are not trading physical currency but digital form of currency rather. But when trading the forex market, you're trading fiat currencies, physical currency

 

[Ralphjoe]

yes I know that now is the best time for everyone to be trading cryptocurrency ,because it is been popular and lucrative,yes ,not that I am an ex cryptocurrency trader ,i also want to be trading in cryptocurrency but I don't know how to go about it ,can you please help me shade more light on how to trade on cryptocurrency

You really do not know what and as cryptocurrency trading means it simply means that you have traded cryptocurrency in the past before and now I am getting another request from you that you want to learn cryptocurrency trading.
Anyway the best way for you to know about cryptocurrency trading is for you to first of all open up an account with one of these big cryptocurrency exchange platform like Binance, Coinbase. Once you're done with this you should start purchasing cryptocurrencies when their prices are low and wait for them to appreciate before you sell of those cryptocurrency to a stable cryptocurrency of your choice.

 

[Setho]

From my experience from trading the both of them I tend to find forex much more predictable and it is also more stable than the cryptocurrency markets.

 

[Stylex]

You really do not know what and as cryptocurrency trading means it simply means that you have traded cryptocurrency in the past before and now I am getting another request from you that you want to learn cryptocurrency trading.
Anyway the best way for you to know about cryptocurrency trading is for you to first of all open up an account with one of these big cryptocurrency exchange platform like Binance, Coinbase. Once you're done with this you should start purchasing cryptocurrencies when their prices are low and wait for them to appreciate before you sell of those cryptocurrency to a stable cryptocurrency of your choice.

you all got it right sire ,I don't know what and as to do with cryptocurrency, I really appreciate you for your kindness ,I'll try that ,but sir I know my question will sounds some how but please were can I create the account for (binance)

 

[Ezekiel]

Crypto world is interesting but I do not know much about it and I do not sell any of it,but gradually I am learning how to trade crypto