Between crypto trading and forex trading, which one is better?

[hastral45]

Both crypto and forex trading are financial investments. Crypto trading deals with bitcoin and its alternative coins while forex trading deals with currency pair. Both of them are using brokers platforms to operate. They both have same features and carry same risks.
However, crypto trading is more flexible than forex trading. The value of your cryptos deposited in crypto exchangers like Binance could be decreasing or increasing without trading based on the value of the coins in the market.

 

[cherry123]

j will be agreeing with you I think crypto trading is more flexible than forex trading. one can easily understsnd how crypto currency works than forex trading. it can be very simple sometimes

 

[Shavkat]

I have not done forex trading yet. I have some ideas how to go for crypto trading. However, I still need more time to learn how to be in this kind of venture online.

 

[Stardom22]

I am however not into any of these. I always read and health from forum sites that all these ventures are very risky and almost impossible for bringing any profits to anyone as majority of those involved loose their capital.

 

[Chibson]

people have different opinions in this regard but personally I prefer cryptocurrency trading. This is because I have more knowledge about it.

 

[Stardom22]

My contribution towards this subject is that, As it is for now I am not ready to embark on any of them. I heard that those two ventures can be done successfully by those who learnt about them in the relevant learning institutions.

 

[uptrendfinancialsignal]

Both cryptocurrency trading and forex trading are promising trading activities but one is much more easier to learn and that is cryptocurrency.

 

[Chibson]

what really matters most of the time is how knowledgeable you are. There are some forex traders who are good in crypto. Forex trading will also expose you to technical aspect of cryptocurrency.

 

[Springtime]

I would prefer forex trading. The main reason is that I do not know much about crypto and as of today, it appears that there are not enough rules to regulate crypto trading in my location.

 

[enehemie]

I havent done crypto trading yet but Im planning to in the futur once I understand the rule and how it work correctly to earn as for forex trading I didnt even know something like that exist until I read this thread.

 

[Chibson]

I would prefer forex trading. The main reason is that I do not know much about crypto and as of today, it appears that there are not enough rules to regulate crypto trading in my location.

Cryptocurrency cannot be controlled and therefore it is decentralized. There are also a lot of financial misapropriations when it comes to the crypto space because it is not regulated by the government.

 

[eldavis]

The two have their merits and as well demerits. I believe it is usually based on your preference. There are persons who prefer crypto to forex trading and vice versa.

 

[Chibson]

I prefer cryptocurrency trading but forex trading is also good. A lot of people have their preference in this situation. Forex trading is very profitable when you have much knowledge about technical analysis.

 

[cherry123]

i prefer cryptocurrency trading as it is a lot easy to understand though people have different opinions about this one need to have more knowledge about it before starting out

 

[Chibson]

Yeah, in cryptocurrency trading you do not necessarily need knowledge of technical analysis to make a lot of money. Once you have knowledge of fundamental analysis you can maximize profit but the same is not the case in the forex market.

 

[cherry123]

One can always go for crypto trading is more understanding and flexible than forex trading. The value of your crypto's can easily be understood and you can easily work with it

 

[hastral45]

Crypto trading involves like three stages. You don't necessarily have to trade before you make money. You can buy and hold, and sell when the value rises. You can buy crypto and stake, you would be paid some commissions too.

 

[Chibson]

One can always go for crypto trading is more understanding and flexible than forex trading. The value of your crypto's can easily be understood and you can easily work with it

Well, I personally prefer cryptocurrency trading and Investment but I have come across people that prefer forex trading to crypto trading. What really matters is the one you are very much interested in.

 

[cherry123]

Sure a lot of people will continue to prefer cryptocurrency trading and Investment thsn forex as it is a lot easy to follow and understand so that you don't lose big

 

[Chibson]

you can lose big in cryptocurrency if you're not careful. Those who are into futures trading can make a lot of losses. I've lost a lot of money through futures trading.