Re: What is the difference between crypto trading and traditional stock trading
I'm a newbie in trading. I read books by John Schwager, Alexander Elder, John Bollinger about technical analysis and psychology in trading and I began to doubt that all this was suitable for the modern cryptocurrency market. How is crypto trading similar to stock and Forex trading? What are its similarities and differences?
I would like to thank everyone in advance for their replies, I appreciate it!
I am not going to dwell on them like that or deeply but it will be a brief explanation to them with their different. Your question has a partial answer to the question because as the name implies, cryptocurrency trading is the same trading method with the traditional forex trading and the different is that cryptocurrency uses cryptocurrency as digital currency to trade they are not using national currency to trade while traditional forex trading uses dollar or the country's currency to trade. There advantages and disadvantages in the both trading. But that should be an another day explanation.I would like to thank everyone in advance for their replies, I appreciate it!