difference between crypto trading and forex trading?

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mohid01
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#39052

12 Apr 2018, 12:41

hi guys I want to know about difference between forex trading and crypto trading I have no idea about forex trading.can some guide me in details.thanks.

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Foxking
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#39055

12 Apr 2018, 12:50

Forex trading like :- Eur/USD, INR/USD, USD/PKR
Crypto trading like :- BTC/ETH , LTC/BTC, Doge/BTC
And I am very surprised to know that you are in crypto world and you do not know the difference between them
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girishpal1
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#39056

12 Apr 2018, 12:53

The Foreign Exchange market (Forex) is the world’s center for exchanging currencies. Traders gauge currencies’ health and attempt to exploit its volatility in exchange rates with other currencies to make a profit. The more a currency varies, the bigger the profit (and risk). Bitcoin trading is similar as traders are essentially exchanging a cryptocurrency for another currency, which is the principle Forex is built on. However Bitcoin’s more unpredictable volatility and influential price-driving factors are divergent from Forex.

Source : https://news.bitcoin.com/bitcoin-vs-forex-2/

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