Crypto vs Forex Trading: Similarities & Differences

1
Crypto vs Forex Trading Differences

• Cryptocurrency can be traded all day, everyday
• Foreign exchange markets are only accessible 24
  hours a day for five days of the week. But
  cryptocurrency markets are always open 24/7,
  allowing traders to participate at any time of
  the day. This is true for any cryptocurrency
  exchange traders choose to use. The fact that
  trading takes place online, from any part of the
  world, further increases the freedom and
  flexibility a trader needs to trade at a time
  that suits them best. While cryptocurrency can be
  traded at any time, it is important to note that
  there may be more optimal times for trading -
  which will require trading knowledge and analysis
  in order to key in to this opportunity.

2
Forex offers more liquidity compared to even the
highest-performing cryptocurrencies

• Reports into forex and crypto trading found
  that forex liquidity is still far greater than
  even the biggest crypto assets like Bitcoin. In
  2019, trading in forex markets reached 6.6
  trillion per day in April 2019, up from 5.1
  trillion three years earlier. Regal Core Markets
  reports that forex trading continues to thrive,
  despite the increased volatility brought about
  by the present pandemic, trading is still a
  rampant activity. Presently, the forex markets
  trading volume outpaces Bitcoins volume, which
  in 2020 currently stands as 31.2 billion. It
  should be noted, however, that cryptocurrency
  continues to make significant traction in a
  relatively short period of time - so the forex
  market should watch out.

3
Which way to go Forex or Crypto?

• Many new - and old - traders are contemplating
  whether to invest in crypto or forex markets. In
  2020, both markets have shown their pros and cons
  in investments and trading. But, an answer to
  this question would be this
• The ultimate traders choice comes down to the
  suitability of the trading environment for the
  individual. It depends on what works for you.
• Presently, forex markets are more mature, and
  they have a perceived inherent stability. in
  comparison to crypto markets - even in these
  unpredictable times.
• At the same time, investors can benefit
  significantly from cryptocurrency trading because
  the market has not matured yet. Bitcoin,
  altcoins, and digital tokens continue to prove
  that they have major potential to scale.
  Therefore, making investments at a primary stage
  a major opportunity to secure huge profits in the
  years to come.
• At the end of the day, the decision falls on the
  trader and what they are comfortable with. It is
  always advisable for new traders, and traders
  considering a space theyve never entered before,
  to consult reputable professionals in order to
  make the best decision possible.