Post
Topic
Board Trading Discussion
Re: Which is better trading cryptocurrency or forex?
by
Lanatsa
on 26/08/2024, 20:43:02 UTC
I would like to know anybody's opinions about this.

FOREX
- Low volatility
- 5/7 Market hours
- Highly reactive about economic events.

CRYPTOCURRENCIES
-High volatility
-High Risk:Reward ratio
-Unpredictable
-Not that highly reactive to fundamentals or news

You could really be able to determine right away about centralized and decentralized market on which you would be mainly be able to observe it out
specially on volatility aspect on which this is the main thing on why people are really that interested into it. Even myself was a previous Forex trader
but what makes me to transfer into crypto field is into that possibility on making big profits in a short period of time but which of course just like been mentioned earlier
that you could potentially lose bigtime as well.

Everything would really be that according into your risks management when it comes into this aspect on which you would really be needing up to be careful on what you are dealing with.
You cant really just that trade as if there's no application for some analysis. If you are a Forex trader and would really be making out some transfers to crypto
then you would really be able to notice right away about its differences.