Topic: Is Forex trades is a part of Crypto Trade? (Read 699 times)

Both are indeed applicable on which you could really be able to trade and make use of TA's which you might be using up on FOrex and same goes with Crypto. We do similarly make use of those common indicators
which reading up candle stick patterns and trend via those tools which it could be applied in both Crypto and  Forex/Stocks. It is really just that mainly differs is into the time where volatility do really kicks in.
Crypto market isnt something that goes precise with TA and could totally goes opposite when we do speak about direction.
When dealing up with crypto space then you should really be wary on how this market moves and behaves. If ever you would be having the experience in between markets
then you could able to differentiate about their main differences.

You wouldnt really be that so dumb on not to see those things on the time that you do step your foot into market but if you do prefer on having that fast result then crypto is the key
but of course it would be more risky.

Honestly, it used to be that Forex was just fiat currency and they didn't trade cryptocurrency yet, then when they saw that it was trending and became popular and the average percentage of people believing in Bitcoin or crypto was increasing, they included it all of a sudden.

      And they did it because they didn't want Bitcoin or cryptocurrency to leave them. So instead of fighting or competing, they have made money from the trend so that they can keep up with it in my opinion.

There are several similarities and many dissimilarities between forex and cryptocurrency market. Similarity is both are trading platforms where profit and loss are calculated through buying and selling. Both platforms are speculative where fear resides. However, other aspects show more differences between the two platforms. Balances can be liquidated in forex trading. But crypto doesn't have that system. No matter how much the price decreases, once the expected price is reached, profit can be taken. Forex trading can be done 5 days a week but crypto has no restrictions. The biggest difference is that the forex market is regulated but the cryptomarket is unregulated. It has no regulatory body. Forex market trades on currencies of different countries like EURO-USD but crypto market trades digital currencies like Bitcoin, Ethereum or BNB. The forex market has a small amount of volatility but the crypto market is the most volatile platform.

Instill don't know why some persons still think forex trading is the same as Crypto tarfing which there is much different but there are lot of similarities between them because these instruments can all be traded whether to the bull market or to the bear market.

Some of the difference between cryptocurrency trading and forex trading is that forex trading is majorly on currencies that are used by different countries and that is what determines the price of the currency and what the value would look like. In cryptocurrency trading, we are actually trading the digital currency that most time value are attached to them based on the demand and supply.

I think the underlying logic is that the way we use the indicators and do TA is basically similar to each other and that is why they are done like this. I know that it is not exactly the same, but the methods we use have similarities between them and that is what we need to focus on.

I feel like we could end up with something much major and better and that is why I feel like we are doing something that is very important in the long run. I know that it is not going to end up with a big deal but as long as we end up with something when we do the same thing in both of them, that means we have something similar in end result and also the path that took us there. I hope that it gets better and I believe that we should not be seeing them too far apart from each other.

The forex market and the cryptocurrency market are separate industries with unique underlying assets and trading practices. Forex trading is buying and selling currencies from other nations, with the value of the deal being determined by the exchange rate between the currencies. Contrarily, cryptocurrency trading entails purchasing and selling digital assets based on blockchain technology, such as Bitcoin, Ethereum, and other cryptocurrencies.

The main distinctions between Forex and cryptocurrency trading are in their underlying assets, volatility, and trading processes, even though both entail purchasing and selling assets in the hopes of making a profit. Compared to crypto trading, which is notorious for its tremendous volatility and price swings, forex trading is more steady and less volatile. Central banks and financial institutions also control forex trade, while cryptocurrency trading is mostly unregulated.

Bitcoin or cryptocurrency has not yet been created and Forex trading is there, meaning that Forex is traded more on Fiat to Fiat. And when Bitcoin or cryptocurrency was created it took a few years before it was integrated into Forex as far as I know.

      Then when I entered the bitcoin industry the exchange here immediately had Crypto-Fiat or Fiat-Bitcoin or crypto it's that simple and even with other fiat currencies there was immediately going to crypto.

Trading in both markets in order to justify my comparison. Even the government advises citizens to anticipate fully in the forex market because it is highly recognizable in the world, unlike cryptocurrency, which is banned in most countries and the government imposes strict restrictions on them because they fear or have reasons that it will surpass the common Legalized fiat currency. Both markets have considerable volatility, and sticking to just one will help you. Figure out which market works best for you and stick to it.  Although professional traders with extensive expertise in both markets agree that if a trader can survive in the FX market, he or she will be able to survive in the crypto market as well. Forex withdrawals are filled with authentication and security-related tasks while crypto is easily withdrawable with P2P or even selling to the exchange directly without any form of a third party.

Do not confuse these two markets, one has the volume that is not consolidated, while in the forex the volume is consolidated, in another aspect the volatility in the Bitcoin market is much stronger than in the forex market, for this reason the things always tend to be different when we try to find alternatives, personally I have traded in both markets, both have their benefits and cons, for me the cons of fforex is that they need a lot of verifications to make withdrawals, while in the crypto market no.

Once you do step your foot in between markets then it would really be that impossible that you cant be able to determine on which is really that centralized or which one isnt. We've been dealing up with fiat if we do speak about Forex on which we could really be able to trade up fiat currency price and some indices or metals or minerals which doeshave some value.Whereas, when we do speak about crypto trading then it would be of course pertaining on trading up crypto. There's the main difference and the way of trading on which making it use of technicals and fundamentals would really be just actually be the same on which it would really be
just a normal approach for someone to have those choices on which one they would really be trading up according into their risks taking. The best thing on dealing up with crypto market is that volatility is something
that you could really be able to deal off with and make profits if you have done it well.This isnt something that you could achieve on doing forex in short time as possible.

Although cryptocurrency and forex trading are very different from one another, I did notice one similarity: both use trading platforms. Comparing to FX trading, cryptocurrencies are the most volatile form of trading. The platform for digital currencies has no upper or lower bound. The forex market is controlled, but not the cryptocurrency market.  Although trading cryptocurrencies carries a high level of risk, in my opinion, it is safer than forex because in cypro, your asset's price may decline, but if you hold it, it can recover, whereas in forex, if your asset exceeds your limit, you will lose it permanently.

I don't think there's any aberration comparing them at all (or any other). In comparing them, one draws out the similarities and difference in them. That can help further enhance interest or abate it. Whichever one it does, at least the participants or those who trade them should know what they're getting into or what they're already into.

Yes, that's true. We also need to mention that the FX market is a regulated one unlike what obtains in cryptos.

The OP is not making a comparison between the two, but rather asking about the difference between forex and crypto trading. See what he said below.



Both have been for a long time, and when trading on some of those forex brokers, it is not in any way easy to predict those candle movements; you still have to set some trading tools like the MA, EMA, BBand, etc. Foreign exchange (forex) is just trading some fiat currency like the USD/ERU, but for crypto trading, most pairs to trade are either crypto to fiat or crypto to crypto. So, those trades are not so easy to predict.

Based on my understanding of the two, they are not the same, if I should describe it in a simple way that even the lame man would understand, I would say that...
Forex trading is the centralized version of the financial market..
While Crypto trading, is the decentralized version of the Financial market..

Have in mind always that, the forex market is heavily centralized with many professional traders trading for various central banks around the world, but in crypto, almost every trader is trading for him or her self, aside from centralized crypto exchange..

And again, from my experience trading the two markets, it is easier to make profit in crypto trading, most especially, if you know what you are doing in futures trading, and there are no middle men to cut your profit, aside the normal trading fees and withdrawal fees paid to the exchange for blockchain transaction confirmation.
In forex trading, there are middle men, in the form brokers, they are the ones that provide a means for ordinary people to access the financial market, and for their service, they charge a fee, outside the trading fee, the brokers also take their cut from the profit made at the end of every trading session, and also when you want to withdraw, you also pay a rather high withdrawal fee if compared to crypto withdrawal fees...

So in conclusion, crypto trading is the best if you ask me, but at the end, it still depends on which one find more comfortable and convenient doing.

There are a lot of stuff that overlaps it for sure, there is no doubt about that, but there is also a lot of stuff that doesn't really mean it will happen neither. For some stuff that is joint is the indicators, you can use stuff like EMA or BB whatevers in both of them without trouble, but when it comes to crypto there are some stuff that are different like for example halvings and mt.gox money or Elon musk tweets etc, all those are stuff that doesn't really exist in fiat world so not in forex neither. Elon could talk about the dollar in any way he pleases and the value of the dollar won't change, but he can do that for crypto. So all in all I agree that some things overlap, but some stuff are not the same and looks a bit different. Hopefully we are on the right side of it and not really get in trouble and find the difference and do better.

Both uses the same trading ideology and strategy since it is the difference in price that decides if a trader is in profit or loss. But what differentiate both is their currency pairs but the whole concept and ideology is similar.Secondly crypto has spot and future trading that is not found in forex but every form of trading that can be found in forex just like the scalping, day trading is very much applicable to crypto. Crypto is more advanced and more advantageous than forex and it is less manipulative.

I don't know how you are going to make a statement about this, but you are right in your point of view. 
 
Forex is an open-source trading platform that allows you to trade on a wide range of currencies without any third party involvement. 
 
It is not a currency, but a digital currency with a high degree of decentralization. 
 
Forex is the world's first cryptocurrency exchange, and it is the best place to start trading.

It would be tough for your account to go to zero at forex if you use low leverage, but it would be tough to go up too much neither. There are two options, either you use a high leverage and that allows you to make a bigger profit than spot trading at crypto, or if you use a low leverage then you have a less risk but then you will not be making nearly as crypto people make even at spot trading. This is why most people use high leverage or they make less than bitcoin profits, so it is easy to compare the two.

I still think that forex is riskier, or it is worse, those are the two options in my mind and will not change anytime soon neither. Hopefully crypto will do even better with its leverage, we need more liquidity, but we also have time to wait for it.

Forex trading and cryptocurrencies trading are different types of trading, although they may have some similarities.
The main difference between the Forex market and cryptocurrencies is that the former is a currency market, where prices are determined based on economic factors and the political situation in countries, while the latter is a new asset class, the prices of which are determined by supply and demand in the market. In addition, Forex trading is accessible to most people and is more liquid than cryptocurrency trading, which can be more volatile and less accessible.

While in my understanding crypto currencies are real currencies, there is still a difference between forex trading and crypto trading. The price change between two fiat currencies like USD and EUR is given from the interest rates in their countries. As long as you have the chance two get risk free investments in government bonds on the country their future value of the currency is fixed. This link doesn't exist in the crypto world because we have no bond market behind it. Let me give you an example of interlinked and fixed the currency pair trading. Let's say for simplicity Euro and the Dollar both trade at 1/1 at the moment, so they have the exact same value. But you get 5% interest in USA government bonds in 1 year and only 1% in Europe. That means that the US dollar has to go up 4% in value relatively to the Euro, because you can convert all your Euros today into USD, buy government bonds to make 5% return and already sell futures contract today to convert your USD back to Euro in 1 year. Because of such pair trading there is am equilibrium in the forex market which we don't have in the crypto markets yet.

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.

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.

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.

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.

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.

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

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.

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


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.

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.

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.

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.

    -    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.

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.

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.

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

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.

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.

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.

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.

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

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.

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.

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.

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.

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 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.

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 

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.

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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.

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 .

However, I wouldn't compare the two options. There is a certain difference between them, and each type of such trading requires a certain level of skill.

We all know that for doing forex trading we can only use fiat currency . Forex trading is only related to Fiat currency. On the other hand crypto trading support both fiat and crypto currency . This is the major difference of them .Moreover there are many more small and big difference.

today in many forex brokers they also provide cryptocurrency in their trading list, but in this forex brokers we didnt trade real coins but only its value. they have no supply that store in exchanges wallet just like in cryptocurrency exchanges.

both of them have leverage feature , in forex usually brokers provide levarage that start from 1:100 till 1: 1000, meanwhile in cryptocurrency exchange usually in future trades around 25x or maximum 125x in some exchanges. so if we have good trading skill, balance amount should not be problem, maximize this leverage feature and we will trade like  a whales.

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.

Now you can make the choice to trade forex or crypto, it all comes back to yourself to start with.

OP you have already the idea of forex and they're fiat currencies to trade. They're also volatile if you're in that market but they're not as volatile as cryptocurrencies.
You have the answer that the forex market is entirely different from the crypto market. But you can apply the strategies that you know in forex in crypto trading.

You got confused because they are all the same in nature which is trading and both use USD as trading pair. But apparently, they are totally different and what makes the two differ is the currency being used as crypto trading uses crypto-crypto-stable coins while forex just only used fiat-fiat currency as trading pairs.

This is just an obvious difference that they have, some can be searched on google, and here is on example...
https://www.bing.com/search?q=difference+between+forex+and+crypto+trading&cvid

More likely no than yes. These are still relatively different industries that have their own characteristics that need to be understood and evaluated.

This is correct. Some forex trading platforms now are pairing cryptocurrency against fiat currency in trading especially with bitcoin. Like example you can have it like being paired like this, BTC/USD. This means bitcoin trading against USD dollar and btc is the base currency. This days you can simply trade cryptocurrency in a forex platform and this makes trading easier and faster because you may decide not to go to crypto exchange but stay with forex platform and the other way too.

OP should know that in Forex trading not only currency pairs are traded. Gold, silver, crude oil etc are also traded and paired against fiat. So, it's not only fiat to fiat dealings. Notably, certain forex trading platforms this day now offer crypto pairs too for trading.

But then because of the popularity of BTC as currency the FOREX brokers are adding it on their pairs. Usually the pairs are considered rare pair especially when a fiat is paired to a non major currency like Peso or Yuan.  BTC is now considered a major currency that brokers give the forex traders the access to cryptocurrency.

I have not really tried it since I quit Forex a long time ago, I'm not very productive in that market. But I wonder if the brokers allow the traders to withdraw BTC to their own wallet.

Crypto currency and Forex Trading both are different form each other but one similarity I found that both are trading platform. Crypto currency is the most volatile trading platform then forex trading. There is no limitation for increase or decrease in crypto currency platform. Crypto currency market relatively new where forex market arrived for long time ago.  Forex market is regulated but crypto market is not regulated.  Though crypto currency trading is high risky but according to me in one point of view it is safer than forex, in cypro your assets price may be decrease but if you hold it it can recover but in forex if your assets cross your limit than you will lost your assets permanently.

Since most of them answered your query about the difference, I advise you to just check a trading platform and see it for yourself. It will not hurt you or your pockets by just checking it and some exchange platforms do offer trials.
After that, you will absolutely tell what's the difference between the two. That's how I learned things back then, the hard way.   Also came from Forex and I can tell I am enjoying Crypto trading more especially the part where everything depends on you to manage everything.

this is the main part of differences between forex and crypto market. in forex central bank could intervention to market when they see currency drop too sharp that will have big impact to economy condition in countries, meanwhile in crypto when its price plunge there is no care about it and let it happen till traders give up.

Exactly and on point!

Also their differences;

forex: heavily centralized
Crypto: partly centralized

This might be talking about on exchange platforms or forex brokers.
You could eventually find out for yourself once you do gain experience or actual engagement.

You do not need a wallet if you are a day trader. We are talking about people who will need that money in the exchanges so that they could constantly trade it, if they withdraw it to their wallets and deposit it back to exchanges constantly then it would be a futile attempt and would be an expensive mistake as well. The best idea would be to actually let it be and then keep it in the exchanges. Is there a risk with it? Of course, there is, but that is the best way to do it if you are a day trader. Otherwise, it would be quite a difficult challenge to keep sending it back and forth, which is really useless and just a waste of time.

I don't think any is the best and all wallets have advantages and disadvantages, ask yourself what kind of wallet do you need for day trading or something else according to his needs and habits.

and I made a typo and I mean centered, thanks for the correction.

Crypto trading is different from forex trading because crypto stand as a decentralized currency which is not control by the government compare to forex which is a centralized currency that is control by the government. Crypto price can increase higher without taking any permission from the government officials before it can pump or dump in the country compare to forex price which is be control by an individual in the country, items of pumping and dumping in the country. Many traders prefer crypto trading than forex trading because their is more reward in crypto trading than forex trading.

What kind of digital wallet do you need in crypto trading? If a trader is a day trader or trade very frequently, he will have no option than using a crypto exchange. Some fiat wallets which are electronic wallets can also be referred to as digital wallet, so to be more specific, crypto wallet will be more appropriate. But using crypto wallet directly to trade can be a form of decentralized mean of trading. The kind of trading OP is referring to are most possible on exchanges.

There is nothing decentralized about forex, all are centralized, the platform used is centralized, the coin traded to is also completely centralized.

I think your crypto trading will need a digital wallet and a verified account to trade in cryptocurrencies.
and forex trading is the practice of buying and selling foreign exchange or currencies, the forex market is a decentralized over-the-counter (OTC) market.
and a quite striking difference is that the Forex market is open 5 days a week whereas the cryptocurrency market never closes.

Forex trading does not necessary mean it is exchange only between Euro and USD, any other fiat currencies can be used like Pounds, Yen, Yuan etc. Which means fiat is traded for another fiat in forex trading.

In crypto trading, coins, tokens and NFTs are trader for. Example is conversion of bitcoin to USDT, ethereum or Litecoin.

Forex is fiat based while crypto trading is crypto based.

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.

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

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.

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

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.

Pretty simple.

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

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.