Crypto vs. Forex Fact Sheet - LEARN TO TRADE.
Crypto vs. Forex Trading: What You Need to Know | Kiplinger.
Cryptocurrency: What It Is, Pros & Cons | Seeking Alpha.
Cryptocurrency vs Forex Trading: Similarities and Differences for Beginners 🤔
When choosing where to invest your money and you’re looking at the financial markets, it may often seem like forex and crypto trading are very similar if not entirely the same thing. And while there certainly are some undeniable similarities between the two, we’ve decided to draw a more detailed comparison of cryptocurrency trading vs forex trading to illustrate that it’s not quite that simple.
To have forex trading explained in a nutshell, it’s a market like any other that is driven by supply and demand. In other words, when there’s high demand for a certain currency, its price will typically go up, which is also part of cryptocurrency trading basics.
And as you will quickly gather from forex trading basics, in both markets you can benefit from trading automation. Basically, this means that there is software developed to help make the most of your trading experience.
Now here’s where the differences come in. Unlike with forex, you can trade on any given cryptocurrency trading platform 24/7. But the cryptocurrency market is also a lot more volatile with a whole lot less liquidity.
Watch the full video to find out all the other ways in which cryptocurrency trading 2020 is similar and different to forex. And stay tuned for more tips on cryptocurrency trading for beginners!
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