Both are risky as well as profitable but these all suggestions depends on experience. If someone find forex as a profitable then he will prefer forex and those who take benefits from crypto will suggest it for others. If we talk about risk and get afraid of it then we will not move forward to achieve our goals because nothing is without risk here.
If you have traded crypto and forex, the thing you'd first notice is that you have to buy crypto. Unlike Forex, crypto has less leverage. To add salt to injury, I find it difficult using technical analysis in crypto because I can guarantee that it won't work but when you switch to Forex, it works just fine. I think that the forex market respects technical analysis unlike the crypto market where the market can be easily manipulated by whales, instititutions, and other entities. Lastly, there is more volatility in cryto than in forex.
In fact, the analysis of both is the same in reading candles, or technical analysis, the difference is that cryptocurrency will have higher fluctuations than in Forex. On the other hand, when choosing a pair for trading in Crypto, I only use Bitcoin, but not altcoins because they are prone to manipulation, especially for new projects, of course the analysis will not work. However, it really depends on each individual who is more comfortable trading, whether forex or crypto
Yes, it is true that almost the same tools are used in forex and cryptocurrency, and it is also true that we can get profit here depending on the choice we make.
But I also want to tell you that in the world of trading, there is no price movement, no manipulation. That means that even in the bitcoin market there is also manipulation, so I will not agree with you that only in crypto there are manipulations, but instead even in bitcoin trading there is also something like in crypto.
It took my patient reading to actually get what you are passing across here but really you are on point on this. The preference lies with the trader of Forex and Cryptocurrency, the two are almost the same thing for me and I trade them both, but to others, they might prefer one over the other, which is cool if that is what's working for them. Now, talking about market manipulation, both markets could be manipulated, only that the manipulation in the crypto space is much and it's even at an alarming state right now. This could only explain why some coins/tokens would just start so dangerously moving suddenly upward in a day without any major events to warrant that, just as they could be dumped in a few hours afterwards. This same thing could also happen to another coin/token elsewhere the next day and it continues like that while whales continue to enrich themselves ignobly this way.
However, if you notice, such manipulations are not happening with Bitcoin and Ethereum for example, this is because manipulations in the market are mainly possible due to low market liquidity. This is not the case of Bitcoin and Ethereum which are more liquid compared to most of the cryptocurrencies. Though the manipulation would still happen at times, it can't be rampant and the effects would never be like those markets with low liquidity.
Also, the Forex market could be well manipulated, in fact, there are banks like Barclays that have been heavily sanctioned for market manipulations, so this is real but not common due to the fear of regulators which cryptocurrency is still lacking in most jurisdictions. But still, during holidays when many countries' markets have closed or major markets like that of the US are closed, most manipulation happens in the FX market during this period.
