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

Afrinish

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Crypto currency is the bit coin money is very highly cost amount in the world easly convert the money for the world market .bit coin easly change the market of the marketing area forex currency is the bond currency in the marketing of the uses of th market so not easly the market of and otger platform .forex currency is bond the amount of the very difficult of the market .
 

Adegbindin Abdullahi

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Cryptocurrency trading is similar to forex trading in that both involve exchanging a currency for another. However, both crypto and forex market are influenced by different factors. Forex involves middlemen, brkers and so on
 

Nicklas22

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While currencies in the Forex market are backed by a centralized government, cryptocurrencies are not. ... Cryptocurrency trading is similar to forex trading in that they both involve exchanging a currency for another currency. However, the cryptocurrency market and the forex market are influenced by different factors
 

Damscooguns73

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Concerning the difference between forex trading and cryptocurrency trading. I see forex trading as a gambling with precision platform, though it is more than that for those who are experts in forex trading . Forex trading is very risky compared to cryptocurrency trading
 

Pirate

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I don't know much about forex, but from what I've heard, forex is basically predicting the price of stocks, if it'll rise or fall.
Crypto is a platform where you can exchange currencies from anywhere in the world, and can also invest, just like a gamble hoping the price rises.
 

Abibatabosede

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Forex trading involve the exchange of currencies and also backed by government companies. While crypto trading requires buying coin of low price from a trader and sold at higher rate.also forex trading is very complicated than crypto trading.
 

Ridorz

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I do not really know much about forex currency but my understanding about crypto currency is that crypto currency is the coins such as Bitcoin, Bitcoincash, dogecoin, Ethereum, litecoin etc that you invest on by buy it when is low and you sell it when the price raise up.
 

Sincerem

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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
Lol, that's true, you defined it well, you either trade with Cryptocurrency or you trade with forex. All of them, are for the benefit of acquiring some additional money in the internet, if you're experience with any of them you have good chance of making cool cash with it.
 

Heatman

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Cryptocurrency trading is sole done using all kinds of cryptocurrencies that people invest in by buying or either mining themselves. But forex trading is way more than just cryptocurrency alone. All kinds of liquid assets are traded on forex such as gold, silver, diamond etc including dollars and other currency.
 

Highflyer

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These markets are known to be highly volatile and open to manipulation. However, much like Forex, the volatility is seen by some as advantageous. While definitely susceptible to industry news and scams, in general, cryptocurrency markets are less affected by global events or traditional financial markets.
 

Sincerem

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Cryptocurrency trading is sole done using all kinds of cryptocurrencies that people invest in by buying or either mining themselves. But forex trading is way more than just cryptocurrency alone. All kinds of liquid assets are traded on forex such as gold, silver, diamond etc including dollars and other currency.
Cryptocurrency trading is made of using digital coins like BTC, LTC, BCH, ETH etc. To place on a trading determining the rise and fall of each coin in order to make your own profit. While forex trading is about trading on currency pairing of two different countries fiat currencies.
 

Donkiz

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Crypto trading as the name implies is the trading of cryptocurrencies, while forex trading means trading in foreign exchange. Both of them are sometimes used interchangeably, and are usually traded on the same trading platforms, but they are talking about different commodities.
 

Sincerem

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Crypto trading as the name implies is the trading of cryptocurrencies, while forex trading means trading in foreign exchange. Both of them are sometimes used interchangeably, and are usually traded on the same trading platforms, but they are talking about different commodities.
You're very correct, people misquote how both of them works. Thanks that you can and made amendment of how they look like. Yes, some platform feature both crypto trading and forex at once in their trading section, just as you said, they are not the same.
 

Heatman

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Cryptocurrency trading is made of using digital coins like BTC, LTC, BCH, ETH etc. To place on a trading determining the rise and fall of each coin in order to make your own profit. While forex trading is about trading on currency pairing of two different countries fiat currencies.

Exactly. Your points are well articulated. The truthful fact about both cryptocurrency and forex trading is that both of them are quite technically difficult and if you don't have a decent knowledge of what to do and not to do while trading either one, you will meet heavy loses.
 

Sincerem

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Exactly. Your points are well articulated. The truthful fact about both cryptocurrency and forex trading is that both of them are quite technically difficult and if you don't have a decent knowledge of what to do and not to do while trading either one, you will meet heavy loses.
That's true you said, that's why I withdrawn after I made some series of losses via Cryptocurrency trading even with forex trading too. I trade as a novice trying to make something out, thinking that trading is a get rich quick scheme, I didn't know then, that I'm in for the real business.
 

Heatman

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That's true you said, that's why I withdrawn after I made some series of losses via Cryptocurrency trading even with forex trading too. I trade as a novice trying to make something out, thinking that trading is a get rich quick scheme, I didn't know then, that I'm in for the real business.
It's a very good thing that you withdrew when you realized that you don't have the necessary skills and experience required for you to succeed in the trading. Yes, you might have lost some money but stopping on time without trying to recover what you lost was the best decision, otherwise you could have lost everything.
 

Sincerem

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It's a very good thing that you withdrew when you realized that you don't have the necessary skills and experience required for you to succeed in the trading. Yes, you might have lost some money but stopping on time without trying to recover what you lost was the best decision, otherwise you could have lost everything.
You're very correct, when I'm losing a lot, I don't stay to lose it all. I cut my losses by withdrawing and to fight another time when I have recovered fully from the heartbreak and finances I lost. I don't rush things in life, so I won't have issues with things of life.
 

Yaqoob Habib

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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 is similar to forex in that they both involve exchanging a currency for another currency.However,the Cryptocurrency market and the forex market are influenced by different factors. Historically, the Crypto market is more unpredictable and volatile.
 

Debola

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While currencies in the Forex market are backed by a centralized government, cryptocurrencies are not. ... Cryptocurrency trading is similar to forex trading in that they both involve exchanging a currency for another currency. However, the cryptocurrency market and the forex market are influenced by different factors
 

Emma Aneni

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Trading has to do with buying and selling alone while business is way more than that. It involves the production, marketing, promotion selling and buying. You can say trading is a segment of business.
 
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