Post
Topic
Board Trading Discussion
Re: Crypto trading vs Forex trading
by
DarkDays
on 09/06/2021, 21:06:05 UTC
Crypto can be seen as easier to trade due to the trend but volatility can dampen gains if you are not managing it well. While forex and classic currencies are mostly ranged without any real bullish or bearish tendency which makes them complicated. I believe that there is no easy market. Everything related to trading has its share of difficulty and impossibility to predict the future.
and in essence have advantages and disadvantages of each. Crypto or forex will both provide benefits if they can analyze the market well.
but at the current crypto hype, forex players are starting to switch to crypto so crypto is experiencing a huge surge in users. people are attracted because of its high volatility because it can get bigger profits as well as a larger volume of crypto.
Yes, while before forex was the way to trade and make money now crypto has become the avenue to increase the speed of making money from trading by several times. This is all thanks to market volatility which can play in either a favour or disadvantage. The fact that now you don't need to wait for months to make profit of some trades makes crypto an extremely sought after option.