Pages:
Author

Topic: Is Forex trades is a part of Crypto Trade? - page 3. (Read 702 times)

hero member
Activity: 3010
Merit: 666
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.
hero member
Activity: 2828
Merit: 611
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.
No both of them are different. Forex cant be a part of a crypto trade unless if they are catered in one platform but I think I already saw a platform like that where they combined these two but I only forgot its name though I still prefer crypto trade over the other because for me it is much easier to understand and the potential to earn big is high as cryptos are more volatile and more in demand than the fiat currencies.

If euro and usd is traded in the world, what do you think about crypto? They can also do that since cryptos are like a global currency but yes the only difference is that they are based in blockchain. That is already one of their major differences.
legendary
Activity: 3122
Merit: 1140
Normally they both share certain similarities but I'd mention one. They both have to do with trading currencies. Forex trading deals on trading one fiat currency for another hoping that it rises in value, same way crypto trading deals on buying and selling of digital currencies but this time in crypto currencies only which could later be converted to get profit.So one could say that they're similar but different 

In many ways than one they are similar. In purpose, strategy like FA and TA, indicators etc they are same but the difference are that the government is involved in forex trading because it is the fiat currency of different countries but cryptocurrency is not regulated and not monitored. The platform for cryptocurrency is usually exchanges and they can manipulate your coins. In terms of forex, they are registered brokers that are known in different countries based on the one you choose mostly they operate with the banks directly as they pay your profit direct to your bank account but cryptocurrency, you have to receive your profit in cryptocurrency.
Forex/Stocks are simply that heavily regulated since this do talks about fiat which means that it would really be heavily attached with those regulated brokers and its understandable
that they would really be abiding any laws and regulations. Forex and stocks did exist before crypto come out thats why there are forex traders who do immediately jump out
in crypto because they do see that profiting in crypto market is great specially if you do know to handle out volatility and the knowledge you do have in previous trading market.
its really an advantage but doesnt mean that you cant learn from scratch.
hero member
Activity: 1176
Merit: 543
fillippone - Winner contest Pizza 2022
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.
sr. member
Activity: 2366
Merit: 332
Normally they both share certain similarities but I'd mention one. They both have to do with trading currencies. Forex trading deals on trading one fiat currency for another hoping that it rises in value, same way crypto trading deals on buying and selling of digital currencies but this time in crypto currencies only which could later be converted to get profit.So one could say that they're similar but different 

In many ways than one they are similar. In purpose, strategy like FA and TA, indicators etc they are same but the difference are that the government is involved in forex trading because it is the fiat currency of different countries but cryptocurrency is not regulated and not monitored. The platform for cryptocurrency is usually exchanges and they can manipulate your coins. In terms of forex, they are registered brokers that are known in different countries based on the one you choose mostly they operate with the banks directly as they pay your profit direct to your bank account but cryptocurrency, you have to receive your profit in cryptocurrency.
legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
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 is similar like Crypto trading. But crypto is Digital currency and forex is Fiat currency. Digital tokens / coins / NFT are traded in cryptocurrency.  On the other hand, in Forex trading, the native currencies of different countries are traded.  But the trading structure is the same.
newbie
Activity: 42
Merit: 0
Normally they both share certain similarities but I'd mention one. They both have to do with trading currencies. Forex trading deals on trading one fiat currency for another hoping that it rises in value, same way crypto trading deals on buying and selling of digital currencies but this time in crypto currencies only which could later be converted to get profit.So one could say that they're similar but different 
hero member
Activity: 2828
Merit: 518

I believe, it depends on the user how much knowledge he has when it comes to forex or crypto trading. Both have the risks of losing your funds, but it is your acquired knowledge and skills that will aid you in battling those risks. But the simple difference of these 2 was posted by mk4, so the OP has basic understanding about these 2 kinds of trading. And just to elaborate further for example in crypto trading, if you are long enough in this market, you can easily spot possible ponzi scheme, pump and dump coin or scam coin. So your trading will be influenced on how deep you know a specific coin.
We can apply to both of them with the same strategies and trading in general whether it was crypto or fiat related (like forex) knowledge and skill are absolutely required. And they all are risky.

Dump and pump can be experienced by both of them but in regards to Ponzi schemes and scam coins, these only exist in crypto trading IMO. In fact, this is one reason why many traders are preferred to use forex trading as likely to avoid losses because of choosing the wrong coins.

But the advantage in crypto trading is to have a lot of choices, unlike Forex. If we are new in trading, better to start Forex first, and gain some experience before moving to crypto.
full member
Activity: 1848
Merit: 158
The trading system in Forex and Crypto is almost the same, the most obvious difference is the number of choices or pairs in Crypto is certainly very much compared to Forex, the other thing is a very large profit and loss opportunity compared to forex which looks very stable so it is difficult to get profit
actually i will like to concur on your contribution. Because when perusing into this two factors of trading, it's not noticable of the comparison. On your own you may think that forex trading is equivalent or is same thing to cryptocurrency trading. When you are emphasising or hitting at the risk level of losing. It's directly obvious that cryptocurrency trading get same amount of lost forex traders do get during lost of trade.

I believe, it depends on the user how much knowledge he has when it comes to forex or crypto trading. Both have the risks of losing your funds, but it is your acquired knowledge and skills that will aid you in battling those risks. But the simple difference of these 2 was posted by mk4, so the OP has basic understanding about these 2 kinds of trading. And just to elaborate further for example in crypto trading, if you are long enough in this market, you can easily spot possible ponzi scheme, pump and dump coin or scam coin. So your trading will be influenced on how deep you know a specific coin.
legendary
Activity: 2338
Merit: 1084
zknodes.org
Similar but different, same trading but crypto I think is better. The technicalities are the same, as far as I know forex is like futures. I didn't delve deeper into forex, but I know there are several crypto pairs. Maybe not long but I read that a while ago. What I don't like with forex is the brokerage system. It seems like brokers in forex can manipulate the market differently than crypto. In a system like this we cannot take absolute control of our assets.
hero member
Activity: 1498
Merit: 711
Enjoy 500% bonus + 70 FS
The trading system in Forex and Crypto is almost the same, the most obvious difference is the number of choices or pairs in Crypto is certainly very much compared to Forex, the other thing is a very large profit and loss opportunity compared to forex which looks very stable so it is difficult to get profit
actually i will like to concur on your contribution. Because when perusing into this two factors of trading, it's not noticable of the comparison. On your own you may think that forex trading is equivalent or is same thing to cryptocurrency trading. When you are emphasising or hitting at the risk level of losing. It's directly obvious that cryptocurrency trading get same amount of lost forex traders do get during lost of trade.
hero member
Activity: 2968
Merit: 687
Pretty simple.

forex: fiat currency <-> fiat currency
crypto: fiat currency <-> crypto, or crypto <-> crypto

Haha, yeah pretty simple these  days. However, all of them are show casing the trades from crypto to fiat, fiat to crypto and fiat to fiat. Nonetheless these options are open on every platform since it’s new trend now.

The changes popped in after SEC approved all the exchanges for the crypto trading and whole companies started implementing the crypto on their website so it’s not a big deal.
There are people who do firstly hear out about Forex on which this is the first time they do hear about crypto and once forex/stocks had been mentioned or said then that would surely be creating some curiosity

and this is where those newbies do ask out on what it is all about but in all we do know that forex/stocks had long time existing and when crypto exist then this is where some people do engage on or to those
old traders did make out some switch because making profits in crypto market is much more better rather than those two but we know the risk is also higher.
hero member
Activity: 1022
Merit: 667
Top Crypto Casino
Forex for faint money trading and crypto for cryptocurrency trading but their both dwell in the same stock market and are inter exchanged, their pier to each other on the exchange and have interdependent in operations. So forex trading is simply the process of selling central currencies of countries on the stock exchange market.
hero member
Activity: 2114
Merit: 603
Pretty simple.

forex: fiat currency <-> fiat currency
crypto: fiat currency <-> crypto, or crypto <-> crypto

Haha, yeah pretty simple these  days. However, all of them are show casing the trades from crypto to fiat, fiat to crypto and fiat to fiat. Nonetheless these options are open on every platform since it’s new trend now.

The changes popped in after SEC approved all the exchanges for the crypto trading and whole companies started implementing the crypto on their website so it’s not a big deal.
sr. member
Activity: 882
Merit: 250
The trading system in Forex and Crypto is almost the same, the most obvious difference is the number of choices or pairs in Crypto is certainly very much compared to Forex, the other thing is a very large profit and loss opportunity compared to forex which looks very stable so it is difficult to get profit
trading pair on forex limited on fiat for each countries around the world, meanwhile in crypto market we have thousands trading pair and every day its still added. crypto or forex have same opportunity to earn money, but in my opinion forex market still could intervet by central banks so when it drop could limited.but in crypto no one could make intervension here and price will continuesly drop till seller stop it by their self.
full member
Activity: 1162
Merit: 106
The trading system in Forex and Crypto is almost the same, the most obvious difference is the number of choices or pairs in Crypto is certainly very much compared to Forex, the other thing is a very large profit and loss opportunity compared to forex which looks very stable so it is difficult to get profit
member
Activity: 742
Merit: 30
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.
From the word Forex it means what you are buying or trading is a stuck from foreign exchange, so the goods been purchased are stuck which can any valuable goods like Gold and other foreign shucks. While cryptocurrency trading involves trading or buying crypto tokens in the case of holding or trading them, both crypto trading and Forex trading are very good, so having good asset and intensive knowledge about both trading will actually yield a good profit.
hero member
Activity: 3164
Merit: 675
www.Crypto.Games: Multiple coins, multiple games
Forex and Crypto trading are the same instrument, they only prioritize investments to generate profits based on trading activities, in general, maybe everyone knows Forex is based on trading in foreign currencies and while crypto trading is based on certain types of crypto that are on the exchange.

There are two things you can do in trading, if you want to do it.
1. Foreign exchange trading, you can do it through the Forex market channel.
2. Trading in cryptocurrencies you can use crypto exchanges, such as Binance and your local exchange.

If you want to trade in forex and crypto, of course they are very significant assets and have a difference.
forex you must have large capital to trade and to determine profits, while crypto does not require a lot of capital like forex, of course forex profits are bigger than crypto.
The biggest difference is that in forex you have leverages, you could basically do the small version but the spot trading on foreign exchanges are usually not that big, you do not see 10%+ returns, your cannot do long term approach, like buy another currency and hold it for 10 years so it gets more valuable.

In crypto trading, we do have that, you could buy crypto and make that kind of profit in 10 years if you wait, which you can't in forex. Obviously we have leverage trading in crypto as well, which means that if we do that, then it's getting closer to forex trading as well, a 100x position in forex and crypto could feel very much the same, but that doesn't make them the same thing overall.
legendary
Activity: 2464
Merit: 2094
Pretty simple.

forex: fiat currency <-> fiat currency
crypto: fiat currency <-> crypto, or crypto <-> crypto
In general I think the answer from mk4 already represents all the answers needed by the OP but a little more detailed explanation may still be needed to tell him the two brokers are actually different.

A very striking difference is that Forex only trades the value of a currency without storing it in a vault, while a crypto exchange stores all the assets traded, some of which are owned by the trader. But in the end these two trading brokers aim to give traders the opportunity to profit through price fluctuations.
sr. member
Activity: 1274
Merit: 457
Vave.com - Crypto Casino
No forex trading is not the part of Crypto trading .You can called It by the part of trading. Forex trading and Crypto trading isn't the same thing but there is some similarities when you read the market and candles .The Fiat currency are used for Forex trading and Crypto and fiat both can be used for crypto trading .
Pages:
Jump to: