Please advise which one is best. Which one is more profitable? Crypto trading or Forex trading?
Both are profitable the major thing you should consider is how matured you are with high volatile markets like gold and Bitcoin. But in reality the crypto industry has more volatile stocks compared to forex but if you understand your chat you can pull out good funds from either of them because both are actually lucrative
The volatility in this market is many times higher that is true, but we must also take into account that a lot of those that are trading the forex markets are using leverage to improve their profits so this is not really the issue, people need to understand that the techniques they use to trade the forex markets can be used here as well, so at the end of the day it is going to depend on which asset you prefer and in my case it is obvious I prefer bitcoin as to be able to trade forex I will need a fortune just to open an account.
Trading with 1:100 leverage on forex market is completely different experience than riding crypto market trend on the same leverage. Single bad news can make market crash to the lowest possible level due to the illiquid market conditions, there is no enough demand/supply to process downtrend or uptredn in slow mode. Imagine being on the wrong side and market wipes out the whole balance faster than blink of an eye. Unless central bank goes broke or government restricts access to the funds, such sudden volatility doesn't happen on forex market.