different between crypto trading and forex trading?

#32
Both crypto and Forex trading are similar in the aspect that both require strategy to make profit but different in the aspect that in case of crypto, you have to go through unregulated exchanges which offers a different kind of risk altogether.
 
#33
Hi. I've put together a few reasons that will briefly answer the topic of this thread: 1. The cryptocurrency market is quite young unlike Forex. Its history and problems are just taking shape. 2.Cryptocurrency are centralized exchanges. If we take the currency market or futures, then there is a good and reliable market, with a long history. 3. There is no bitcoin tumbler on Forex. 4. Forex is a more efficient market. Trading there brings a profit much faster and more noticeable than trading cryptocurrency. I hope that I helped you. Good luck to you!
 
#34
Crypto trading is just like forex, involves trading currencies. The forex market is larger and well-established while the crypto market is considered to be relatively a beginner to the scene. Forex is considered to be much more riskier and rewarding in Forex.
 
#37
@ Hulu Girl You are correct that crypto trading and forex trading are similar. Crypto trading involves cryptocurrencies and forex trading involves currencies of different countries of the world.
 
#38
Thanks, Siddharth, also The most important similarity between crypto as well as forex would be that they now would be holding value relative to each other. You might not believe in Ripple or Bitcoin as a legitimate currency, but forex exchanges would do.
 
#39
I here, of course, choose lessons, since there is a wide enough range of services so that at any time you can change your choice.
 

stoch

Active Member
#40
@ Hulu Girl You are correct that crypto trading and forex trading are similar. Crypto trading involves cryptocurrencies and forex trading involves currencies of different countries of the world.
Yes and technical analysis works very well in crypto, especially strategies based on MA pullbacks and breakouts.