Is Forex trades is a part of Crypto Trade? - page 5.

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legendary

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Quote from: FuloosIO on April 19, 2022, 11:58:07 AM

Yeah, Forex Trades are not a part of Crypto Trading. Forex is FIAT Trading only.

I would not be exclusive here. I saw some forex houses which offer BTC>Fiat pairs.

I will say in crypto trading you mostly always have some value. At any time you can withdraw Bitcoin (or any other coin/token) or fiat.
On Forex, you buy appreciation/depreciation of some currency. For example, you can create a sell EUR to USD order, even if you haven't EUR. perhaps it is more obvious when you place an order to sell sugar even though you don't have it or have never bought it.
it is more like gambling where you predict in which direction a certain market will move, and you bet on that.

FuloosIO

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Yeah, Forex Trades are not a part of Crypto Trading. Forex is FIAT Trading only.

jackg

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https://bit.ly/387FXHi lightning theory

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.

Realistically they're all speculation on the strength of the community that uses them.

Forex is lower in volatility for most economies who's currencies are traded (they're normally selected that way though because they have very high volumes in both directions - at least for the major pairs I've seen). The asset types themselves are also a bit different as crypto investments are in the underlying technology while forex moves are more on the strength of the people running the economy.

GeorgeJohn

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The difference between cryptocurrency trading and forex trading is orderly a big deal, even with the explanation of mk4 i think it's the shortest way of explaining these for you to comprehend, but know that both end product or points landed on buying and selling of assets and commodities.. but you can read more here..https://www.motilaloswal.com/blog-details/similarities-and-differences-between-crypto-and-forex-online-trading/20126

Myleschetty

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It's simple mate. The major major difference between Crypto and forex trading is the commodity you trade on. In crypto, you trade on cryptocurrencies, or probably NFTs while you trade on fiat currency for another or crude oil, gold, etc in forex trading.

mk4

legendary

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Pretty simple.

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

Amicable55

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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.

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