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

  • Thread starter Thread starter Sincerem
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Setho said:
The difference between crypto and forex trading is that you are trading an online currency whenever you are trading cryptocurrency and then you are trading physical currencies whenever you are trading the forex market.
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Though forex trading is also done online but its done by trading physical currencies while crypto currency trading is always online and its easy to trade anywhere.
 
In forex, we are dealing with the buying and selling of the fiat currency. In cryptocurrency we are dealing with the buying and selling of the digital currencies. That is just the basic difference.
 
Ononivami said:
In forex, we are dealing with the buying and selling of the fiat currency. In cryptocurrency we are dealing with the buying and selling of the digital currencies. That is just the basic difference.
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The buying and selling of currency is known as forex. In this type of trade, you will be exchanging fiat currencies while in cryptocurrency you will be exchanging the digital currencies.
 
The two of them are both currencies and you can be able to make money from it but cryptocurrency is a fully digital currency while in the forex market you are going to be trading with offline currencies.
 
Yiu are definitely right , in forex trading , you are dealing with the buying and selling and the exchange of fiat currency while in crypto currency, we are dealing with digital currency.
Ononivami said:
In forex, we are dealing with the buying and selling of the fiat currency. In cryptocurrency we are dealing with the buying and selling of the digital currencies. That is just the basic difference.
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Shigobad2020 said:
Yiu are definitely right , in forex trading , you are dealing with the buying and selling and the exchange of fiat currency while in crypto currency, we are dealing with digital currency.
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That is the little difference between the two. Because forex is dealing with the fiat currencies while cryptocurrency deals with the digital currencies but both deals with the currencies.
 
There is absolutely no sharp difference between the cryptocurrency trading and the forex trading. You will need the same modalities for the trading using the trading view.
 
Ononivami said:
That is the little difference between the two. Because forex is dealing with the fiat currencies while cryptocurrency deals with the digital currencies but both deals with the currencies.
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We are still saying the same thing concerning the difference between crypto trading and forex trading but i really prefer crypto currency trading to forex trading because its always safe.
 
Forex trading is very risky to me, so it's the same as gambling. Trading cryptocurrencies is like a regular investment, the amount invested determines your profits.
 
Shigobad2020 said:
We are still saying the same thing concerning the difference between crypto trading and forex trading but i really prefer crypto currency trading to forex trading because its always safe.
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Well , cryptocurrency trading could be save but it is actually not save in reality because of its level of fluctuations. Forex on the other hand is a lot safer than the cryptocurrency trading.
 
There is actually a marked difference between cryptocurrency trading and forex trading because forex trading is all about trading of natural currencies like USD and pound while cryptocurrencies trading of online currencies like Bitcoin.
 
Crypto trading and forex trading are different platforms entirely because people earn from it ,though they are somehow related because you either lose or gain but they are very good investment platforms that can make you earn massively.
 
Holluwaphemmy said:
Crypto trading and forex trading are different platforms entirely because people earn from it ,though they are somehow related because you either lose or gain but they are very good investment platforms that can make you earn massively.
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What I know about them is that they are both volatile market, cryptocurrency gives people opportunity to trade and invest . Forex may not really be for investment except the US dollars or any other currency with strong economy.
 
I have been engaging in crypto currency trading and also doing forex trading and i prefer trading crypto currency than going into forex trading because forex trading is somehow risky.
zelalem said:
Forex trading is very risky to me, so it's the same as gambling. Trading cryptocurrencies is like a regular investment, the amount invested determines your profits.
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The difference between crypto trading and forex trading is that with forex trading you can only be able to use as high as five times leverage while you can be able to use or to 200 of that in cryto.
 
Well, in my understanding, forex trading involves buying and selling of all currencies across the globe while cryptocurrency trading deals with buying and selling of cryptocurrency.
 
Cryptocurrency trading and forex trading are two different things all together but then forex trading has been existing for a much more longer and you can make money better from it.
 
Forex mostly deal with currency of any country , but when you're trading cryptocurrency you are buying and selling different cryptos. Obviously there is a great difference between cryptocurrency and the normal currency of each countries of the world.
 
The volatility of the crypto currency market that makes it to fluctuate makes it different from forex trading , and like you said forex trading has been existing for a long time before crypto currency came into existence.
Setho said:
Cryptocurrency trading and forex trading are two different things all together but then forex trading has been existing for a much more longer and you can make money better from it.
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Cryptocurrency involves digital currencies while forex trading involves trading of Fiat currencies. In forex trading you trade one currency against the order in order to make profit. In cryptocurrency you do not trade one currency against the other, rather you trade a cryptocurrency against a stable coin which is equal to 1 USD
 
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