I have been into bitcoin and other cryptocurrency trading and I have seen how most persons endulge in forex and make it big while some persons lose massively.
I would want to understand fully the differences in trading bitcoin and doing forex and if they are similarities.
Please help out.
Forex market is very old when compared to Bitcoin. I have seen people making millions out of forex market and at the same time I have seen people losing all their money in the blink of an eye.
From the trading perspective, it's all same! It's all about speculation on a certain trading pair. Both are risky and both are rewarding at the same time. But I would say the cryptocurrency market is more volatile than forex. From a trader's perspective, both are mostly same!