Forex Vs Cryptocurrency

[forexfactory]

Cryptocurrencies are high-risk, unregulated, untested digital assets. Crypto exchanges go bust about every once a month.

You are right. Personally, I would trade cryptocurrency using a stable Forex Broker that offers it on their platform. This way, it is safer. If you are the trading on an exchange platform like binance that gets hack sometimes, you might end up losing everything.

 

[Osmibie]

This is a really tough question. Both of these trading platforms have risks associated with them. The profits are also major with them. If i had to choose one, i would go with forex trading. In forex trading, you know what is going to be the result the next instant. In cryptocurrency, you have to wait.

 

[forexfactory]

This is a really tough question. Both of these trading platforms have risks associated with them. The profits are also major with them. If i had to choose one, i would go with forex trading. In forex trading, you know what is going to be the result the next instant. In cryptocurrency, you have to wait.

You are right. Forex is more reliable. There this uncertainty with cryptocurrency, but it makes good money as well.

 

[Frigo]

Forex market is a well regulated market with good history and maturity while crypto market is an immature and unpredictable market where you can just hope for the best. The Forex market is a legal and worldwide business while cryptocurrency is ban in many regions of the world. Cryptos have to travel long in order to catch the Forex. Stay blessed!

 

[Luke Hansen]

concept of virtual currencies

Various virtual currencies have become admired among the people around the world. Bit-coin, Lite-coin, Zcash, Dash, Etherum, Ripple, Naga-coin, etc. all are becoming well accepted by the traders. And thereby, not so well developed yet a recognized financial market wing is now being developed gradually as named as crypto currency market. Nevertheless a trader must try to select a regulated and recognized platform as crypto market is also a decentralized market.

 

[Nosero]

Both have their own merits. In Cryptocurrency, you don't have to learn a specific skill. You just invest in it and hope for the best. Whereas, forex trading is a whole different thing. You have to invest a lot of time in learning about it and doing demo account trading. You also have to cope with the changing market.

 

[Geofery]

Both have their own merits. In Cryptocurrency, you don't have to learn a specific skill. You just invest in it and hope for the best. Whereas, forex trading is a whole different thing. You have to invest a lot of time in learning about it and doing demo account trading. You also have to cope with the changing market.

I think you do have to learn same skills as Forex trading. If you want to invest and leave your money for a long time, you don't need a skill for that. However, you are better off trading.

 

[Nosero]

As said, crypto is relatively young market and it still needs some time to evolve. Although crypto currencies will never become fiat money, simply because they don’t have the capacity to do that, it is interesting phenomenon on markets. As such, I have found some interest to investigate it further

 

[Jurlare]

I think that we should give a chance to crypto currencies. It is true that this is new phenomenon and that there are many controversies around it, but, it seems that there is demand and people are ready to investigate it. So, let it be

 

[Poinwan]

What about all that upside downs with cryptocurrencies during all period of their "invention" Isn't that showing that they are not close to even called stable or something ? It have much higher risks, but I still have some Litecoins for example, I was not on train for Bitcoin craze.