• Please note to have a link in an article you must first request permission from the administrator and pay a fee. You can read more information here.

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

  • Thread starter Thread starter Sincerem
  • Start date Start date
Presido said:
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
Click to expand...

Cryptocurrency trading is also as risky as forex trading because crypto coin market is actually quite more volatile if we compare forex market to crypto market. However, by the passage of time, cryptocurrencies will gain more value and the losses can be recovered.
 
The main difference between the two is actually what you trade on. While forex trading entails predicting the global financial fluctuations and manipulating this knowledge to your advantage, crypto trading involves trading with fantasy coins with real value.
 
Sincerem said:
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.
Click to expand...
Forex trading has to do with exchange of currencies virtually. So one can exchange dollar for pounds.
the crypto market is not to different as both currencies and other commodities can be bought or sold, currencies can also be exchanged.
 
YERUS said:
Forex trading has to do with exchange of currencies virtually. So one can exchange dollar for pounds.
the crypto market is not to different as both currencies and other commodities can be bought or sold, currencies can also be exchanged.
Click to expand...
I think they have more of similarities than differences because eating both involve sales of currencies though that of cryptocurrency seems to be more volatile than forex trading.
 
YERUS said:
Forex trading has to do with exchange of currencies virtually. So one can exchange dollar for pounds.
the crypto market is not to different as both currencies and other commodities can be bought or sold, currencies can also be exchanged.
Click to expand...
Yes, but the trading is quite broad and not the mere way we are looking at it. Forex trading comes with risk, and it requires an expertise for one to convert it's investment into profit due to how volatile the market its.
 
Well I don't know much about that but since it is something that I profitable and lucrative I will like to some research about it so I'll be able to venture into the business too
 
Toyoabasi said:
At some point it was difficult for me comprehending the two.
Forex (foreign exchange) trading entails buying, selling or exchanging fiat currencies digitally.
Cryptocurrency is digital currency, and they come in many forms. So, digital currencies can be bought, sold, or exchanged here.
Click to expand...
yes, i think so too.
Foreign exchange does not have to do with just money; agricultural produce, mineral resources and other items can be exchanged.
cryptocurrency on the other hand, deals with just money, digital currency to be precise which can be exchanged for another.
 
YERUS said:
yes, i think so too.
Foreign exchange does not have to do with just money; agricultural produce, mineral resources and other items can be exchanged.
cryptocurrency on the other hand, deals with just money, digital currency to be precise which can be exchanged for another.
Click to expand...
Thank you for your careful explanation. Up till now, I wasn't aware that other commodities apart from money are also involved in Forex. I think that alone might give it an advantage over crypto trading.
 
WhiteHouse said:
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.
Click to expand...
Forex trading is the trading of fiat currency while monitoring its stability and its very hard business while crypto currency is the trading that gives the trader the opportunity to buy and sell crypto currency, hold it and sell later.
 
I think forex trading is like gambling while crypto is buying a coin and also to resell so to make good money from it, crypto trading is really a good one.
 
Forex Trading and cryptocurrency trading are two different things. Crypto trading is act of trading cryptocurrency while forex trading is the act of buying and selling.
 
It is almost the same thing since both of them deal with fundamental and technical analysis... In this case You will needs to have a better understanding of technical analysis to be able to trade both market conveniently without any problem... Is just that forex trading deal with currency of the country while cryptocurrency deals with cryptocurrency.
 
joy101 said:
I think forex trading is like gambling while crypto is buying a coin and also to resell so to make good money from it, crypto trading is really a good one.
Click to expand...
I think what you explained for crypto trading is actually investing in crypto where you buy coins and then resell it when the price goes up, there is a difference between crypto trading and crypto investment.
 
Abigael said:
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.
Click to expand...
You are spot on. Like you said forex trading requires much learning and skills and research to be master the act of trading. But cryptocurrency trading is easily to learn. Both of them are very risky investment.
 
The difference between cryptocurrency trading and forex trading is very clear. The level of volatility in forex is very low compared with the level of volatility in cryptocurrency. Foresx involves trading the fiat currencies while cryptocurrency involves virtual currencies
 
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.
 
Forex trading only deal with trading of a country's currency, the most preferred form of trading paired is always the US dollars with any other country's currency, will cryptocurrency only deal with trading of crypto coin .. both of them are extremely volatile most especially crypto.
 
At the moment I am not into forex trading so I don't know much about it or how it works. But I am into crypto currency where I hold some few coins to get profit from them when due. But I am still looking for a way to learn to trade forex though.
 
I think crypto currency is a decentralised currency that is not widely accepted by most countries 's government while Forex trading involves trading foreign currencies and is wildly accepted by every government, it can be done offline too
 
Bousine123 said:
I think crypto currency is a decentralised currency that is not widely accepted by most countries 's government while Forex trading involves trading foreign currencies and is wildly accepted by every government, it can be done offline too
Click to expand...
I really like your explanation. It seems trading in cryptocurrency is more profitable than Forex trading. I have seen people who had earlier invested in cryptocurrency making millions today from it
 
You must log in or register to reply here.
Back
Top