Quote from: avikz on July 17, 2024, 04:14:30 PM

Quote from: Obi-Ejike Banito on July 17, 2024, 03:16:05 PM

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!

There is no doubt over all because it's the reality in relation to forex trading but there is one thing I observed in this issue if trading despite not seen as gambling the issue if luck can't be overruled with experience because most loss is as a result of lacking experience and luck .
Secondly greed if traders seeking to cash out big even when there capital and small profit has been seen in the market move.
The comparison for me that are all about trading and the best is on that which you have more experience and the level of luck you can run into when a trade is trigger.