Quote from: Obi-Ejike Banito on Today at 03:16:05 PM

I would want to understand fully the differences in trading bitcoin and doing forex and if they are similarities.
Please help out.

You can be trading bitcoin imfir fiat in P2P market.

You can trade bitcoin in the sport market. Also you can trade bitcoin on as margin in which you can leverage it by borrowing bitcoin from someone. The exchange that you are using will automatically do that for you. Margin trading is very risky and the more the leverage the more the risks. Trading generally be it spot or margin is also risky. It is better to buy and hold either on short or long term.

Another one is derivative market. There are different types like perpetual future and options. They are the riskiest because you can use higher leverages. Some people use high leverage and lose consistently.

Quote from: tranthidung on Today at 03:21:06 PM

Their common thing is leverages but Bitcoin is one of things you can trade on Forex. Forex market has longer history than Bitcoin market and has bigger trading volume too. You can trade Bitcoin on Forex like gold, silver, rice, sugar and and more.

Bigger trading volume does not matter because you can trade bitcoin and even lower coins like ethereum and many others on most exchanges and the trade would be filled immediately at good market price.

Quote from: tranthidung on Today at 03:21:06 PM

You can trade Bitcoin with leverages in Margin or Futures trading directly in Bitcoin market, on Bitcoin exchanges. If you use leverages in either Forex or Bitcoin market, you will have same risk, risk of forced liquidation on your position and collateral.

You are correct but do you know that derivative market like perpetual future is not actually bitcoin? The real bitcoin are spot, margin and P2P.