Post
Topic
Board Trading Discussion
Re: Which is better trading cryptocurrency or forex?
by
EL MOHA
on 26/08/2024, 21:55:48 UTC

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


Low volatility is actually just too emphasized on this forex of a thing, if you look at some pairs I think they have high volatility just they that the number when compared to that of cryptocurrency is not that high. Also forex trading isn’t done on weekends which is also a turn off, the unpredictability of cryptocurrency is also associated with forex it also unpredictable if not every trader would have been trading and making profits from it without losing.

The fundamentals has impact on both markets it only depends on which type of news is broke out. Bitcoin reacts to any positive news or negative news associated with the economy just like the forex market. The both market actually aren’t much of a difference to me just once perspective of it