Post
Topic
Board Bitcoin Discussion
Re: How is trading cryptocurrency different from stocks and forex trading?
by
kaventt5
on 24/10/2018, 14:02:13 UTC
Yep, crypto markets are way more volatile and more dynamic. That’s the main difference. While stocks or forex markets are related to classical economics, crypto exchanges don't comply with traditional rules. They work 24/7/365, and prices change rapidly. Experienced traders make huge profits in hours or days, they make x5-x100 thanks to a few transactions. It’s impossible for traditional trading systems. As for other features, there is a giant number of coins and tokens. There are around 200 fiat currencies but more than 2,000 cryptos! You can buy crypto for fiat in different pairs, say, XRP for EUR (https://cex.io/xrp-eur), or you can sell BCH for USD, and so on.