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.
The similarity between Bitcoin and Forex trading is that you can use most trading tools such as MA, RSI, MACD, as well as leverage, SL, TP and trading bots. However, if you discuss market characteristics, perhaps the two are very different, where Bitcoin tends to be unstable and more difficult to predict compared to Forex. However, if you are familiar with Bitcoin trading, then it will not be difficult for you to understand Forex trading, it's just that you may need time to study the market and determine the right trading strategy to get maximum profits. If you want to know more about the differences and similarities between the two instruments, you should search through Google or other sources.