Topic: the difference between bitcoin trading and forex trading (Read 266 times)
ok ,,, thanks the masters for the explanation ,,, now i have a picture of the difference between the two ,, i've read on google, but there are many terms that I have not understood. therefore I better ask directly to master bitcoin ,, because it is more convincing me ,,,
Forex trading is done by the use of fiat currencies such as USD, EUR, YEN, INR etc... All these currencies represent a countrie's legal tender.
And exchanging one for the other in order to gain profit from their price differences is called forex trading. Whereas trading of virtual currencies such as Bitcoin, Ethereum, Ripple etc... which are all crytpo currencies is called crytpo trading. I hope you get to know the difference between them.
Kindly use the very popular search engine "Google" the next time before making a post.
Forex trade is actually the exchange of one country's currency at a certain rate with that of another country and these days, forex trade is no longer tied to trading with fiat, most brokers now also accept some cryptos as base currency, since cryptos are also currencies - digital.And exchanging one for the other in order to gain profit from their price differences is called forex trading. Whereas trading of virtual currencies such as Bitcoin, Ethereum, Ripple etc... which are all crytpo currencies is called crytpo trading. I hope you get to know the difference between them.
Kindly use the very popular search engine "Google" the next time before making a post.
One won't be out of place to say crypto trade is also a form of forex trade, because they both share a lot in common. Crypto trading, however is not structured around margin/leverage trading as is prevalent with forex trading. In terms of stability, forex trade is relatively stable because they are well capitalized and more liquid than cryptos and which makes pumping and dumping a phenomenon with cryptos, nevertheless both are manipulable one way or the other.
friends ,, i'm new in bitcoin and i want to learn about trading ,, there is a fundamental question that i hope my friends here can answer my question ,, what is the difference between bitcoi trading and forex trading?
I hope the bitcoin masters can give me enlightenment !!
I hope the bitcoin masters can give me enlightenment !!
Bitcoin trading is some time profit to the traders and some they may face the loss due to price reduction becuase of the coins volatility. Forex is standard when compare to bitcoin due to the value fluctuatation of the each country currency is less volatile. So investors can make money for sure but time consuming is pretty higher than btc. However, btc is best since the value will increase for sure in future.
Trading forex is much more suitable for traders that wish to take lesser risk as the forex market is much more stable if you compare it with crypto-currencies trading market, crypto-currencies is not a currency that are legal tender in any countries, so the volatility of the market is huge and is only suitable for traders that are prepare to risk losing huge amount of their money during a big price drop.
Forex trading takes too much time than bitcoin but the profit is assured. You can make an investment and gaining through time .
Most Coins like Bitcoin are decentralised and governed by the people. It is the early stages of a new, disruptive market and they are quite volatile. Volatility brings higher risk, but also higher reward. The traditional/conventional markets are governed centrally so you lose control to the powers that be. If you want to start with Bitcoin trading I suggest to trade with smaller amounts to get into the swing of things. Make mistakes on those small amounts and move to higher amounts as you feel more comfortable. I'm not currently trading altcoins. I feel that it is very risky right now due to the $BTC bull run. Be careful, but also have fun!
Forex trading is done by the use of fiat currencies such as USD, EUR, YEN, INR etc... All these currencies represent a countrie's legal tender.
And exchanging one for the other in order to gain profit from their price differences is called forex trading. Whereas trading of virtual currencies such as Bitcoin, Ethereum, Ripple etc... which are all crytpo currencies is called crytpo trading. I hope you get to know the difference between them.
Kindly use the very popular search engine "Google" the next time before making a post.
And exchanging one for the other in order to gain profit from their price differences is called forex trading. Whereas trading of virtual currencies such as Bitcoin, Ethereum, Ripple etc... which are all crytpo currencies is called crytpo trading. I hope you get to know the difference between them.
Kindly use the very popular search engine "Google" the next time before making a post.
Forex trading is more stable compared to bitcoin and It also take more time in order to make profit and an initial investment while that's the not the case for crypto in general since you could earn much more money in a small period of time (as you could lose) and also the ability to invest as low as you want (a few dollars up to thousands or millions). If I had to choose, I'd go with crypto any time.
friends ,, i'm new in bitcoin and i want to learn about trading ,, there is a fundamental question that i hope my friends here can answer my question ,, what is the difference between bitcoi trading and forex trading?
I hope the bitcoin masters can give me enlightenment !!
I hope the bitcoin masters can give me enlightenment !!
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