CRYPTO  &
FOREX Trading

Crypto_Currency

CRYPTO CURRENCY

Crypto Currency is digital cash for the digital age. It’s similar to regular money — think $$ or €€ — but it’s digital-only, so there are no bills or coins to carry around. Crypto trading is often thought of as similar to Forex, or foreign exchange trading. Forex, like crypto, involves trading currencies.

Forex Trading

FOREX TRADING

Crypto Currency is digital cash for the digital age. It’s similar to regular money — think $$ or €€ — but it’s digital-only, so there are no bills or coins to carry around. Crypto trading is often thought of as similar to Forex, or foreign exchange trading. Forex, like crypto, involves trading currencies.

Main Differences Between Forex and Crypto Trading

Can have high volatility.

This is both a positive and a negative. Volatility is present in both the Forex and cryptocurrency markets. However, the higher the risk, the higher the reward.  Though cryptocurrencies tend to wildly fluctuate, both the cryptocurrency market and the Forex market can be subject to a huge variation in price in a short period of time.

Bottom Line

Both Forex trading and crypto trading carry their own pros and cons and their own risks and rewards. Generally speaking, Forex trading is more stable, more protected, and highly regulated. Crypto trading carries the promise of much larger returns than Forex, at the cost of the stability of Forex. This means that smart and skilled traders with a large appetite for risk can realize much higher profits in crypto than they could in Forex trading, while not dealing with the same institutional involvement.

The two markets are similar, but only in the sense that they are both electronic trading forms of currency. The liquidity of Forex versus the volatility of crypto means that traders will need entirely different trading strategies for the two.

 

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