Different between crypto trading and forex trading?

TradingFunda

Administrator
Staff member
#1
When ever you ask question like different between Crypto trading and forex trading, there is a high probability that you will get different answers from different people.Some people says its similar comparison if you with compare Apple with Orange but entirely its not accurate.

Fact: The foreign currency exchange (or Forex) market and the cryptocurrency market are separate.

The Forex market is the largest, most liquid market in the world.On average, $5.3 trillion is traded in the Forex per day.

Cryptocurrencies, while often referred to as “digital currencies,” aren’t the same as currencies like the U.S. dollar or the Japanese yen.

While currencies in the Forex market are backed by a centralized government, cryptocurrencies are not backed by government.

Crypto and forex both represent a digital store of value and can be purchased and sold with ease.

Both have high Volatility

Underlying market dynamics governs the price.

The biggest difference between forex and BTC markets is that unlike forex, bitcoin started and scaled via global retail trade and not via institutional players.
Crucial fact to note is that forex markets have deep and entrenched liquidity as a result of a long history of activity.

Trading either cryptocurrencies or foreign currency involves a high level of engagement. It requires effective equity planning, proper risk-management, perseverance and a strong desire to continuously learn.

Please share your detail view.
 

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