The forex market and the cryptocurrency market are separate industries with unique underlying assets and trading practices. Forex trading is buying and selling currencies from other nations, with the value of the deal being determined by the exchange rate between the currencies. Contrarily, cryptocurrency trading entails purchasing and selling digital assets based on blockchain technology, such as Bitcoin, Ethereum, and other cryptocurrencies.
The main distinctions between Forex and cryptocurrency trading are in their underlying assets, volatility, and trading processes, even though both entail purchasing and selling assets in the hopes of making a profit. Compared to crypto trading, which is notorious for its tremendous volatility and price swings, forex trading is more steady and less volatile. Central banks and financial institutions also control forex trade, while cryptocurrency trading is mostly unregulated.
I think the underlying logic is that the way we use the indicators and do TA is basically similar to each other and that is why they are done like this. I know that it is not exactly the same, but the methods we use have similarities between them and that is what we need to focus on.
I feel like we could end up with something much major and better and that is why I feel like we are doing something that is very important in the long run. I know that it is not going to end up with a big deal but as long as we end up with something when we do the same thing in both of them, that means we have something similar in end result and also the path that took us there. I hope that it gets better and I believe that we should not be seeing them too far apart from each other.
Both are indeed applicable on which you could really be able to trade and make use of TA's which you might be using up on FOrex and same goes with Crypto. We do similarly make use of those common indicators
which reading up candle stick patterns and trend via those tools which it could be applied in both Crypto and Forex/Stocks. It is really just that mainly differs is into the time where volatility do really kicks in.
Crypto market isnt something that goes precise with TA and could totally goes opposite when we do speak about direction.
When dealing up with crypto space then you should really be wary on how this market moves and behaves. If ever you would be having the experience in between markets
then you could able to differentiate about their main differences.
You wouldnt really be that so dumb on not to see those things on the time that you do step your foot into market but if you do prefer on having that fast result then crypto is the key
but of course it would be more risky.
