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.
You don’t understand the general overview of
“trading”. Regardless of Crypto, Stocks, Forex and other assets that is use on trading, there’s always someone winning and losing at the same time proportionally since trading is just passing of wealth from one person to another.
It’s literally a PvP which people just earning because other people is losing money. Exchange is just offering an orderbook for traders orders and just charge fee to earn but traders is just fighting themselves for profit so crypto offers same result with forex when it comes to what you are describing that happening in Forex. Crypto trading offers worst due to volatility.