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.
holding your bitcoin as investment, and wait for 1, 2 or 3 cycles or even more cycles, to take profit and get better financial life.
For the ease of OP, 1 cycle means 4 years (approximately). And holding indeed is a good way to make money but if OP you want to make money by trading in BTC and forex and that's why you want to get a difference, then a simple logic is BTC is decentralized and almost every forex currency is centralized. I hope you (op) already know what's forex means, its mean
foreign currencies means you will be trading in foreign fiat currencies. And keep in mind that they are not as volatile as BTC is, and if you will hold them for 4 to 12 years you will definitely not going to make a profit akin to what BTC can make you in the same timespan.
In short, if you want to start trading then both are good options but as tran said, don't do leverage trading because it is risky and can lose you all of your money even if at the start you are making money, after some time your emotions will take over due to lack of knowledge so its best to learn and while learning to invest your money for the long term in BTC. NFA so DYOR, please.