Is Forex trades is a part of Crypto Trade? - page 2.

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Quote from: death69 on April 19, 2023, 02:09:42 PM

Alright, kiddo, let me enlighten your 15-year-old mind. Picture Forex as trading those sweet baseball cards with your comrades, but instead of cards, you're exchanging cold hard cash from different corners of the world. Imagine swapping your Benjamins for your compadre's Japanese yen.

Crypto, however, is a whole new beast. It's like embarking on a digital adventure with your pals, where you conjure up your own virtual currency. Think of it as having your custom Monopoly dough to purchase items in a pixelated universe.

The crux of the matter is that Forex is grounded in trading actual currencies, while Crypto is built on blockchain wizardry and virtual moola. Forex is like dealing in tangible assets, while Crypto is traversing the intangible domain.

I have nothing to argue with what you said, but what both of them have in common is that they are used to make a profit, and that is the most important point that we care about.

We are participating in a crypto forum, so there are many opinions that the crypto market is better than the forex market. But to be fair, I find both to be good, each with its own pros and cons. I am still investing in both and can say neither is better than the other. Everyone has different preferences, and we should choose the one that suits us best.

death69

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Alright, kiddo, let me enlighten your 15-year-old mind. Picture Forex as trading those sweet baseball cards with your comrades, but instead of cards, you're exchanging cold hard cash from different corners of the world. Imagine swapping your Benjamins for your compadre's Japanese yen.

Crypto, however, is a whole new beast. It's like embarking on a digital adventure with your pals, where you conjure up your own virtual currency. Think of it as having your custom Monopoly dough to purchase items in a pixelated universe.

The crux of the matter is that Forex is grounded in trading actual currencies, while Crypto is built on blockchain wizardry and virtual moola. Forex is like dealing in tangible assets, while Crypto is traversing the intangible domain.

DanWalker

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Quote from: Sarah Azhari on April 17, 2023, 09:02:24 PM

Quote from: Amicable55 on April 19, 2022, 09:22:37 AM

I see Forex where the pair of currencies mostly consist of two countries like "EURUSD" which are mostly traded in the world. While Crypto is based on blockchain. Please elaborate on the major differences between Crypto and forex.

In my experience, Forex is more than risk than crypto because that makes your money to be 0 if you forget to manage the interval time to sell. While crypto, whatever the time if you forget to sell it, your crypto is still there, and will not decrease as you play in forex. But of course, the value is maybe reduced because crypto is always paired with fiat, but by the time, crypto is always back, when fall today, maybe next 4 or 10 years crypto back to ATH.

It is also not entirely true that forex is riskier than crypto, each market has its risks. The volatility of the forex market is not as great as that of cryptocurrencies, and if you use low leverage, it will be tough for your account to go to zero when trading. As for the crypto market, what you say is only true if you are holding bitcoins, but if you invest in shitcoins, there is no way your money will return in 10 years. Scams in the cryptocurrency market abound, and the risks are huge if you just focus on investing in shitcoins.

touseefahmad1999

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You are correct in pointing out one of the key differences between the forex and cryptocurrency markets. In the forex market, central banks and other regulatory bodies can intervene to stabilize the market if they believe that a sharp drop in currency value could have a negative impact on the economy.

In the cryptocurrency market, there is no centralized authority that can intervene in the same way. This is partly due to the decentralized nature of cryptocurrencies, which are not tied to any specific government or financial institution.

Instead, the cryptocurrency market is largely driven by market forces and investor sentiment. This can lead to a high degree of volatility and rapid price movements, which can be both a risk and an opportunity for traders and investors.

Ultimately, the decision to invest in either market should be based on a careful evaluation of the potential risks and rewards, as well as an understanding of the market dynamics and the factors that can influence price movements.

darewaller

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Quote from: LUCKMCFLY on April 16, 2023, 08:05:19 PM

The advantage that I see in the forex market is that there will always be a consolidated volume that will make market analysis much easier, while in bitcoin it is not like that, those who have the consolidated volume are few people and they are always investing in it, but when you have a consolidated volume, at least for me it is the best in the world, because the volume is the one that shows and tells us the story of what has happened, and since we have so many tools such as tadingview, tensorcharts m, among others where there are very good indicators, with a consolidated volume the analyzes would be much more precise.

That is because Forex is earlier than in Crypto. It's more popular and more legal. Add in the fact that they are also stable. Although cryptos are also not new anymore but their volatility factor won't ever be removed and it only will get amplified the more the people involved.

The only good thing about crypto is that they are more profitable as the coins can pump unlimitedly if someone is investing with them. If they are a trader, they can trade and make more money quickly because again cryptos are highly volatile. There are lots of people who invest in Bitcoin but there are also people who use it for trading. This contributes to the consolidated volume that you are saying.

andriarto

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forex stands for foreign exchange, so it is a comparison between fiat currency and fiat currency, where usd is the index. it is different with cryptocurrencies, where there is a comparison between cryptocurrencies and fiat currencies, or cryptocurrencies with cryptocurrencies. actually forex has been around for a long time before crypto currency was still in the conventional way

Sarah Azhari

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Quote from: Amicable55 on April 19, 2022, 09:22:37 AM

I see Forex where the pair of currencies mostly consist of two countries like "EURUSD" which are mostly traded in the world. While Crypto is based on blockchain. Please elaborate on the major differences between Crypto and forex.

In my experience, Forex is more than risk than crypto because that makes your money to be 0 if you forget to manage the interval time to sell. While crypto, whatever the time if you forget to sell it, your crypto is still there, and will not decrease as you play in forex. But of course, the value is maybe reduced because crypto is always paired with fiat, but by the time, crypto is always back, when fall today, maybe next 4 or 10 years crypto back to ATH.

Adbitco

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Although i know many people have contributed but just wanna make it little clearer for you.

Quote

Please elaborate on the major differences between Crypto and forex.

Cryptocurrency is a general name for digital currency which includes any other alternate coin out there, in forex you can fund your account using bitcoin or Eth to trade and after which you may also withdraw them using same methods.
In forex, you fund your account using fiat and also withdraw using fiat or fund using crypto and withdraw using fiat vice versa both are possible.
While in crypto trading, you deposit directly from your bank to your exchange account such as Binance, Coinbase or Kucoin depending on your country. After funding your account you may decides to trade with any cryptocoin in that exchange.

Franctoshi

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You can't talk about crypto without the idea of Forex. However,Forex is bit different from trading crypto, in the sense that you can long or short those assets without owing the asset you buy or sell, which makes crypto trading unique, more fun and different from Forex trading, Forex is the traditional money market that started the journey of buying and selling of currencies. One with Forex experience will find crypto no worries, however Forex is basically trading of currency pairs, Gold bonds, stocks without owing those assets. currently, the Forex market has more liquidity than the crypto market.
You can apply Forex tenichics into crypto trading.

pixie85

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I used to always see these groups as one big trade. Stocks are stocks, currencies are currencies, commodities are commodities and crypto is crypto, although that last one seems to be decoupling in the last cycle.

If you haven't noticed, bitcoin is decoupling from other cryptocurrencies and from stocks. It could be seen even in the last few days where ETH kept pumping when BTC stayed still. If more time passes and cryptocurrencies are still with us we'll see each of the big ones develop in their own separate assets because you can't really put a centralized and a decentralized cryptocurrency into the same basket. They are different, like oil and coal.

el kaka22

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As we can clearly see from here, they are. But all kinds of investors are here, it's not just them neither. We have stock traders here, we have long term investors here, we have gold investors here, we have real estate investors here. In fact, we also have people who have never invested before here as well. That is something unique and great to have because it means that we have people who have never invested in anything before and they started their first investment here, for the first time ever they saw something that is worthy of their investment.

These are all important stuff, and even something as boring as "put my money in bank interest" could turn suddenly into bitcoin investment for so many people at the same time.

Mr. Magkaisa

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Quote from: Amicable55 on April 19, 2022, 09:22:37 AM

I see Forex where the pair of currencies mostly consist of two countries like "EURUSD" which are mostly traded in the world. While Crypto is based on blockchain. Please elaborate on the major differences between Crypto and forex.

- Nope, Forex is not a part of the crypto trade mate. They are very different actually and it has nothing to do with crypto either.

Because Forex is obviously only fiat traded while crypto can be traded through Fiat, or cryptocurrency to cryptocurrency, this is something I literally know. And there is no need to argue about this matter.

GreatArkansas

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I still think that these two industries are too different from each other to call one part of the other. At least I think so.

A lot of differences. Forex and cryptocurrencies involve trading currencies, but there are important distinctions between the two markets, including decentralization, market size, volatility, and many more.
Since a lot of already mentioned the difference, I can say the similar or common thing we can use when we trade both forex and cryptocurrencies is the technical analysis or the one we are using when we analyze the chart, I think it can be apply on both.

LUCKMCFLY

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Quote from: justdimin on March 28, 2023, 10:19:48 AM

Quote from: Ziskinberg on June 17, 2022, 06:08:34 PM

Quote from: Kimonoe on June 15, 2022, 09:27:42 PM

to see which one is better, of course back to ourselves, from the nature of the two between forex and crypto are different, therefore we must be able to understand ourselves to choose it, or even choose both. crypto with greater volatility and forex vice versa, and forex has a certain hourly schedule for news. many people only choose one forex or crypto, but back again about our convenience to profit from forex or crypto that we choose

That is why it is very important to know what we are dealing with as trading is risky but this really doesn't matter a lot if we know how to handle it and ourselves especially since we love doing this. Choosing whether Forex or crypto trading, is gonna be our decision and I suggest picking one which we think we can make more benefits and of course, have the convenience. Honestly, we can do well if we are very certain of what we are doing.

I still think that there is not a good amount of money to be made in forex since it's so risky, whereas there is money to be made in the regular crypto world. Forex is purely leverage, crypto does include leverage if you want to but don't if you do not want to and that's better.

I know that there is absolutely no way that people would be happy about making just a little bit, and that is why they enjoy forex when they win a lot, since you could make a million from forex if you leverage high enough and you get lucky with the direction and all. But, you could lose all of your money there with one simple mistake as well and I would advise against that. The best thing to do here is to make sure you do crypto spot trading where it would never be zero unless you buy something terrible.

The advantage that I see in the forex market is that there will always be a consolidated volume that will make market analysis much easier, while in bitcoin it is not like that, those who have the consolidated volume are few people and they are always investing in it, but when you have a consolidated volume, at least for me it is the best in the world, because the volume is the one that shows and tells us the story of what has happened, and since we have so many tools such as tadingview, tensorcharts m, among others where there are very good indicators, with a consolidated volume the analyzes would be much more precise.

dansus021

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Mk 4 already said that earlier it is pretty simply EURUSD like XAUUSD or BTCUSD nothing difference between forex and crypto trade the only difference crypto market doesn't have market "Close" like other, it always run 24/7 a day.

and the broker but nowadays forex broker have crypto trading pair too

justdimin

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Quote from: Ziskinberg on June 17, 2022, 06:08:34 PM

Quote from: Kimonoe on June 15, 2022, 09:27:42 PM

to see which one is better, of course back to ourselves, from the nature of the two between forex and crypto are different, therefore we must be able to understand ourselves to choose it, or even choose both. crypto with greater volatility and forex vice versa, and forex has a certain hourly schedule for news. many people only choose one forex or crypto, but back again about our convenience to profit from forex or crypto that we choose

That is why it is very important to know what we are dealing with as trading is risky but this really doesn't matter a lot if we know how to handle it and ourselves especially since we love doing this. Choosing whether Forex or crypto trading, is gonna be our decision and I suggest picking one which we think we can make more benefits and of course, have the convenience. Honestly, we can do well if we are very certain of what we are doing.

I still think that there is not a good amount of money to be made in forex since it's so risky, whereas there is money to be made in the regular crypto world. Forex is purely leverage, crypto does include leverage if you want to but don't if you do not want to and that's better.

I know that there is absolutely no way that people would be happy about making just a little bit, and that is why they enjoy forex when they win a lot, since you could make a million from forex if you leverage high enough and you get lucky with the direction and all. But, you could lose all of your money there with one simple mistake as well and I would advise against that. The best thing to do here is to make sure you do crypto spot trading where it would never be zero unless you buy something terrible.

moklefasdice

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Many people talk about the independence of cryptocurrencies, yet when the exchange recently collapsed, bitcoin fell with it. It turns out that cryptocurrency is as dependent on the market as anything else in this world. So if I have to choose between the cryptocurrency exchange and a stock, I'd rather choose Forex. Another thing is who exactly to trade through, where exactly to find a proven broker. With these questions I advise to go to topbrokers, where you can read about all brokerage companies, as well as to find the best forex broker, so that in the future he can help you to make money.

Ziskinberg

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Quote from: Kimonoe on June 15, 2022, 09:27:42 PM

Quote from: Ziskinberg on June 13, 2022, 08:40:47 AM

Well, I guess it was cleared enough OP to see the difference.
Now, it was on you to decide which trading platform you pursue. But I suggest trying them both to justify and to see what really suits you. Please just remember the risk that you may face and the consequences of losses as you can't avoid this no matter what you do and even how much careful you are.

I can't tell which one is better but to stay where we believe to be efficient and our strategies will work is very important.

to see which one is better, of course back to ourselves, from the nature of the two between forex and crypto are different, therefore we must be able to understand ourselves to choose it, or even choose both. crypto with greater volatility and forex vice versa, and forex has a certain hourly schedule for news. many people only choose one forex or crypto, but back again about our convenience to profit from forex or crypto that we choose

That is why it is very important to know what we are dealing with as trading is risky but this really doesn't matter a lot if we know how to handle it and ourselves especially since we love doing this. Choosing whether Forex or crypto trading, is gonna be our decision and I suggest picking one which we think we can make more benefits and of course, have the convenience. Honestly, we can do well if we are very certain of what we are doing.

wxa7115

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Quote from: Wakate on June 12, 2022, 06:27:51 PM

Quote from: Amicable55 on April 19, 2022, 09:22:37 AM

I see Forex where the pair of currencies mostly consist of two countries like "EURUSD" which are mostly traded in the world. While Crypto is based on blockchain. Please elaborate on the major differences between Crypto and forex.

Forex trading is similar to crypto trading with no much difference. Crypto trading has it own coin pairs just like the forex trading that has currency pairs where a trader can select which currency pair they want to trade against or in support. Forex trading has been there for long and which the trading of cryptocurrencies was originated from it. A trader with a vast know in forex trading will find it easy to trade the crypto market without much difference to learn.

The techniques that work in the forex market that are purely technical in their nature will without a doubt work in the market of cryptocurrencies, however there are some differences which need to be understood before trading this market.

The forex market is huge and it has a huge volume, compared to that the volume in the market of cryptocurrencies is very small which makes it highly volatile, so it is important to adjust whatever forex strategy you are using and reduce the risk we take on each trade as a way to reduce our exposure to the volatility, this is an important step and of it is not taken then massive losses can be accumulated when we see a similar movement to the one we saw a few days ago.

Kimonoe

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Quote from: Ziskinberg on June 13, 2022, 08:40:47 AM

Well, I guess it was cleared enough OP to see the difference.
Now, it was on you to decide which trading platform you pursue. But I suggest trying them both to justify and to see what really suits you. Please just remember the risk that you may face and the consequences of losses as you can't avoid this no matter what you do and even how much careful you are.

I can't tell which one is better but to stay where we believe to be efficient and our strategies will work is very important.

to see which one is better, of course back to ourselves, from the nature of the two between forex and crypto are different, therefore we must be able to understand ourselves to choose it, or even choose both. crypto with greater volatility and forex vice versa, and forex has a certain hourly schedule for news. many people only choose one forex or crypto, but back again about our convenience to profit from forex or crypto that we choose

Topic: Is Forex trades is a part of Crypto Trade? - page 2. (Read 703 times)