Quote from: leonair on November 05, 2023, 05:49:02 PM

Quote from: Z_MBFM on November 05, 2023, 05:42:32 PM

Quote from: Daniel91 on March 11, 2023, 01:56:26 PM

I've tried both, so I can speak from my own experience.
I lost a lot of money in forex, because things change very quickly and you need to analyze market movements a lot and make quick decisions, and you also need to have enough money to invest to cover your open positions. It is purely about trading.

Forex trading like Future trading Because here also Leverage option is available but However, a difference here is that the currency issued by the government of a country is used for Forex trading and virtual digital currency is used for future trading. And some country's currency fluctuates less but crypto fluctuates more. So I also think that long term investment in crypto is much safer and highly profitable than Forex trading.

I somewhat agree with you. Crypto holdings are better than forex trading. But despite the fact that crypto is more profitable, it is not possible for everyone to use it because crypto is still illegal in many countries. Again, there is a lot of risk here due to the high rise in the price of crypto. And there are huge amount of coins in the crypto market which makes it difficult to predict which one will be good. But in the case of forex trading, the currencies are issued by the government, so there is no chance of any money being scammed like crypto coin

Although crypto is not legal in all countries, it is possible to buy and sell crypto from almost all countries through p2p services. For example, no cryptocurrency including Bitcoin is legal in our Bangladesh so far. But we can easily buy and use crypto through p2p from Bangladesh. although crypto is not legal in Bangladesh, we can kyc on crypto related sites, crypto exchanges with Bangladeshi NID, Passport, Driving licenses. But since crypto is not legal in our Bangladesh, it is very dangerous for us to hold crypto in a centralized exchange because our accounts can be restricted at any time. so I always use non-custodial wallet. Although forex trading is legal in our country, most of the youth here do crypto trading and avoid forex.