Hello,
What are the Advantages and Disadvantages of the Crypto and Forex? Why should anyone choose Crypto over Forex?
Thank you.
op If you asked me to choose between Crypto over Forex I would definitely choose Crypto. We know trading in both is risky. From my personal experience, you have to keep a close eye on the Forex market and make decisions very quickly. I myself have lost a lot of money in Forex I personally will never invest in Forex. Comparatively, Bitcoin is thousand times better for trading than Forex.
this hits home, in forex i always incurred loss, i don't know why but the market seemed so abstract its hard to predict, but with cryptocurrencies its easier because we can understand the underlying project, potential and many more that could helps predict its valuation in the future, take for example, if a project is gonna be having partnership with some big exchange we know the price gonna rise, therefore easier to predict.
with forex i personally always having a hard time, even stock is sometime so abstract, the company could get so good fundamentally but have really low value even being dumped to oblivion, kinda baffling sometimes thats why I decided to settle with cryptocurrency investment and even futures, because its just a lot more convenient in my opinion.