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Author Topic: Is Forex trades is a part of Crypto Trade?  (Read 695 times)
Sarah Azhari
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April 18, 2023, 02:02:24 AM
 #61

I see Forex where the pair of currencies mostly consist of two countries like "EURUSD" which are mostly traded in the world. While Crypto is based on blockchain. Please elaborate on the major differences between Crypto and forex.
In my experience, Forex is more than risk than crypto because that makes your money to be 0 if you forget to manage the interval time to sell. While crypto, whatever the time if you forget to sell it, your crypto is still there, and will not decrease as you play in forex. But of course, the value is maybe reduced because crypto is always paired with fiat, but by the time, crypto is always back, when fall today, maybe next 4 or 10 years crypto back to ATH.
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April 18, 2023, 02:50:29 AM
 #62

forex stands for foreign exchange, so it is a comparison between fiat currency and fiat currency, where usd is the index. it is different with cryptocurrencies, where there is a comparison between cryptocurrencies and fiat currencies, or cryptocurrencies with cryptocurrencies. actually forex has been around for a long time before crypto currency was still in the conventional way

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April 19, 2023, 11:18:32 AM
 #63

The advantage that I see in the forex market is that there will always be a consolidated volume that will make market analysis much easier, while in bitcoin it is not like that, those who have the consolidated volume are few people and they are always investing in it, but when you have a consolidated volume, at least for me it is the best in the world, because the volume is the one that shows and tells us the story of what has happened, and since we have so many tools such as tadingview, tensorcharts m, among others where there are very good indicators, with a consolidated volume the analyzes would be much more precise.
That is because Forex is earlier than in Crypto. It's more popular and more legal. Add in the fact that they are also stable. Although cryptos are also not new anymore but their volatility factor won't ever be removed and it only will get amplified the more the people involved.

The only good thing about crypto is that they are more profitable as the coins can pump unlimitedly if someone is investing with them. If they are a trader, they can trade and make more money quickly because again cryptos are highly volatile. There are lots of people who invest in Bitcoin but there are also people who use it for trading. This contributes to the consolidated volume that you are saying.



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April 19, 2023, 12:11:10 PM
 #64

You are correct in pointing out one of the key differences between the forex and cryptocurrency markets. In the forex market, central banks and other regulatory bodies can intervene to stabilize the market if they believe that a sharp drop in currency value could have a negative impact on the economy.

In the cryptocurrency market, there is no centralized authority that can intervene in the same way. This is partly due to the decentralized nature of cryptocurrencies, which are not tied to any specific government or financial institution.

Instead, the cryptocurrency market is largely driven by market forces and investor sentiment. This can lead to a high degree of volatility and rapid price movements, which can be both a risk and an opportunity for traders and investors.

Ultimately, the decision to invest in either market should be based on a careful evaluation of the potential risks and rewards, as well as an understanding of the market dynamics and the factors that can influence price movements.

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April 19, 2023, 12:42:44 PM
 #65

I see Forex where the pair of currencies mostly consist of two countries like "EURUSD" which are mostly traded in the world. While Crypto is based on blockchain. Please elaborate on the major differences between Crypto and forex.
In my experience, Forex is more than risk than crypto because that makes your money to be 0 if you forget to manage the interval time to sell. While crypto, whatever the time if you forget to sell it, your crypto is still there, and will not decrease as you play in forex. But of course, the value is maybe reduced because crypto is always paired with fiat, but by the time, crypto is always back, when fall today, maybe next 4 or 10 years crypto back to ATH.

It is also not entirely true that forex is riskier than crypto, each market has its risks. The volatility of the forex market is not as great as that of cryptocurrencies, and if you use low leverage, it will be tough for your account to go to zero when trading. As for the crypto market, what you say is only true if you are holding bitcoins, but if you invest in shitcoins, there is no way your money will return in 10 years. Scams in the cryptocurrency market abound, and the risks are huge if you just focus on investing in shitcoins.

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April 19, 2023, 07:09:42 PM
 #66

Alright, kiddo, let me enlighten your 15-year-old mind. Picture Forex as trading those sweet baseball cards with your comrades, but instead of cards, you're exchanging cold hard cash from different corners of the world. Imagine swapping your Benjamins for your compadre's Japanese yen.

Crypto, however, is a whole new beast. It's like embarking on a digital adventure with your pals, where you conjure up your own virtual currency. Think of it as having your custom Monopoly dough to purchase items in a pixelated universe.

The crux of the matter is that Forex is grounded in trading actual currencies, while Crypto is built on blockchain wizardry and virtual moola. Forex is like dealing in tangible assets, while Crypto is traversing the intangible domain.
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April 21, 2023, 04:10:57 PM
 #67

Alright, kiddo, let me enlighten your 15-year-old mind. Picture Forex as trading those sweet baseball cards with your comrades, but instead of cards, you're exchanging cold hard cash from different corners of the world. Imagine swapping your Benjamins for your compadre's Japanese yen.

Crypto, however, is a whole new beast. It's like embarking on a digital adventure with your pals, where you conjure up your own virtual currency. Think of it as having your custom Monopoly dough to purchase items in a pixelated universe.

The crux of the matter is that Forex is grounded in trading actual currencies, while Crypto is built on blockchain wizardry and virtual moola. Forex is like dealing in tangible assets, while Crypto is traversing the intangible domain.

I have nothing to argue with what you said, but what both of them have in common is that they are used to make a profit, and that is the most important point that we care about.

We are participating in a crypto forum, so there are many opinions that the crypto market is better than the forex market. But to be fair, I find both to be good, each with its own pros and cons. I am still investing in both and can say neither is better than the other. Everyone has different preferences, and we should choose the one that suits us best.

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April 22, 2023, 06:50:49 AM
 #68

I see Forex where the pair of currencies mostly consist of two countries like "EURUSD" which are mostly traded in the world. While Crypto is based on blockchain. Please elaborate on the major differences between Crypto and forex.

While in my understanding crypto currencies are real currencies, there is still a difference between forex trading and crypto trading. The price change between two fiat currencies like USD and EUR is given from the interest rates in their countries. As long as you have the chance two get risk free investments in government bonds on the country their future value of the currency is fixed. This link doesn't exist in the crypto world because we have no bond market behind it. Let me give you an example of interlinked and fixed the currency pair trading. Let's say for simplicity Euro and the Dollar both trade at 1/1 at the moment, so they have the exact same value. But you get 5% interest in USA government bonds in 1 year and only 1% in Europe. That means that the US dollar has to go up 4% in value relatively to the Euro, because you can convert all your Euros today into USD, buy government bonds to make 5% return and already sell futures contract today to convert your USD back to Euro in 1 year. Because of such pair trading there is am equilibrium in the forex market which we don't have in the crypto markets yet.
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April 22, 2023, 08:09:20 AM
 #69

Forex trading and cryptocurrencies trading are different types of trading, although they may have some similarities.
The main difference between the Forex market and cryptocurrencies is that the former is a currency market, where prices are determined based on economic factors and the political situation in countries, while the latter is a new asset class, the prices of which are determined by supply and demand in the market. In addition, Forex trading is accessible to most people and is more liquid than cryptocurrency trading, which can be more volatile and less accessible.
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April 22, 2023, 05:12:03 PM
 #70

In my experience, Forex is more than risk than crypto because that makes your money to be 0 if you forget to manage the interval time to sell. While crypto, whatever the time if you forget to sell it, your crypto is still there, and will not decrease as you play in forex. But of course, the value is maybe reduced because crypto is always paired with fiat, but by the time, crypto is always back, when fall today, maybe next 4 or 10 years crypto back to ATH.
It is also not entirely true that forex is riskier than crypto, each market has its risks. The volatility of the forex market is not as great as that of cryptocurrencies, and if you use low leverage, it will be tough for your account to go to zero when trading. As for the crypto market, what you say is only true if you are holding bitcoins, but if you invest in shitcoins, there is no way your money will return in 10 years. Scams in the cryptocurrency market abound, and the risks are huge if you just focus on investing in shitcoins.
It would be tough for your account to go to zero at forex if you use low leverage, but it would be tough to go up too much neither. There are two options, either you use a high leverage and that allows you to make a bigger profit than spot trading at crypto, or if you use a low leverage then you have a less risk but then you will not be making nearly as crypto people make even at spot trading. This is why most people use high leverage or they make less than bitcoin profits, so it is easy to compare the two.

I still think that forex is riskier, or it is worse, those are the two options in my mind and will not change anytime soon neither. Hopefully crypto will do even better with its leverage, we need more liquidity, but we also have time to wait for it.
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May 02, 2023, 04:33:45 PM
 #71

I don't know how you are going to make a statement about this, but you are right in your point of view. 
 
Forex is an open-source trading platform that allows you to trade on a wide range of currencies without any third party involvement. 
 
It is not a currency, but a digital currency with a high degree of decentralization. 
 
Forex is the world's first cryptocurrency exchange, and it is the best place to start trading.
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May 02, 2023, 06:26:30 PM
 #72

I see Forex where the pair of currencies mostly consist of two countries like "EURUSD" which are mostly traded in the world. While Crypto is based on blockchain. Please elaborate on the major differences between Crypto and forex.
Both uses the same trading ideology and strategy since it is the difference in price that decides if a trader is in profit or loss. But what differentiate both is their currency pairs but the whole concept and ideology is similar.Secondly crypto has spot and future trading that is not found in forex but every form of trading that can be found in forex just like the scalping, day trading is very much applicable to crypto. Crypto is more advanced and more advantageous than forex and it is less manipulative.
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May 02, 2023, 06:42:40 PM
 #73

There are a lot of stuff that overlaps it for sure, there is no doubt about that, but there is also a lot of stuff that doesn't really mean it will happen neither. For some stuff that is joint is the indicators, you can use stuff like EMA or BB whatevers in both of them without trouble, but when it comes to crypto there are some stuff that are different like for example halvings and mt.gox money or Elon musk tweets etc, all those are stuff that doesn't really exist in fiat world so not in forex neither. Elon could talk about the dollar in any way he pleases and the value of the dollar won't change, but he can do that for crypto. So all in all I agree that some things overlap, but some stuff are not the same and looks a bit different. Hopefully we are on the right side of it and not really get in trouble and find the difference and do better.

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May 02, 2023, 06:55:00 PM
 #74

I see Forex where the pair of currencies mostly consist of two countries like "EURUSD" which are mostly traded in the world. While Crypto is based on blockchain. Please elaborate on the major differences between Crypto and forex.
Based on my understanding of the two, they are not the same, if I should describe it in a simple way that even the lame man would understand, I would say that...
Forex trading is the centralized version of the financial market..
While Crypto trading, is the decentralized version of the Financial market..

Have in mind always that, the forex market is heavily centralized with many professional traders trading for various central banks around the world, but in crypto, almost every trader is trading for him or her self, aside from centralized crypto exchange..

And again, from my experience trading the two markets, it is easier to make profit in crypto trading, most especially, if you know what you are doing in futures trading, and there are no middle men to cut your profit, aside the normal trading fees and withdrawal fees paid to the exchange for blockchain transaction confirmation.
In forex trading, there are middle men, in the form brokers, they are the ones that provide a means for ordinary people to access the financial market, and for their service, they charge a fee, outside the trading fee, the brokers also take their cut from the profit made at the end of every trading session, and also when you want to withdraw, you also pay a rather high withdrawal fee if compared to crypto withdrawal fees...

So in conclusion, crypto trading is the best if you ask me, but at the end, it still depends on which one find more comfortable and convenient doing.

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May 02, 2023, 07:39:15 PM
 #75

I don't think it's fair to compare them at all.

The OP is not making a comparison between the two, but rather asking about the difference between forex and crypto trading. See what he said below.

Code:
[quote author=Amicable55 link=topic=5395245.msg59908122#msg59908122 date=1650378157]Please elaborate on the major differences between Crypto and forex.[/quote]

Quote
Cryptocurrency itself appeared quite recently.
Forex market is much more predictable and understandable.

Both have been for a long time, and when trading on some of those forex brokers, it is not in any way easy to predict those candle movements; you still have to set some trading tools like the MA, EMA, BBand, etc. Foreign exchange (forex) is just trading some fiat currency like the USD/ERU, but for crypto trading, most pairs to trade are either crypto to fiat or crypto to crypto. So, those trades are not so easy to predict.

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May 02, 2023, 07:46:49 PM
 #76

Cryptocurrency itself appeared quite recently. I don't think it's fair to compare them at all.
I don't think there's any aberration comparing them at all (or any other). In comparing them, one draws out the similarities and difference in them. That can help further enhance interest or abate it. Whichever one it does, at least the participants or those who trade them should know what they're getting into or what they're already into.

Quote
Forex market is much more predictable and understandable.
Yes, that's true. We also need to mention that the FX market is a regulated one unlike what obtains in cryptos.

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May 02, 2023, 08:08:45 PM
 #77

Although cryptocurrency and forex trading are very different from one another, I did notice one similarity: both use trading platforms. Comparing to FX trading, cryptocurrencies are the most volatile form of trading. The platform for digital currencies has no upper or lower bound. The forex market is controlled, but not the cryptocurrency market.  Although trading cryptocurrencies carries a high level of risk, in my opinion, it is safer than forex because in cypro, your asset's price may decline, but if you hold it, it can recover, whereas in forex, if your asset exceeds your limit, you will lose it permanently.

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May 02, 2023, 08:47:43 PM
 #78

Cryptocurrency itself appeared quite recently. I don't think it's fair to compare them at all.
I don't think there's any aberration comparing them at all (or any other). In comparing them, one draws out the similarities and difference in them. That can help further enhance interest or abate it. Whichever one it does, at least the participants or those who trade them should know what they're getting into or what they're already into.

Quote
Forex market is much more predictable and understandable.
Yes, that's true. We also need to mention that the FX market is a regulated one unlike what obtains in cryptos.
Once you do step your foot in between markets then it would really be that impossible that you cant be able to determine on which is really that centralized or which one isnt. We've been dealing up with fiat if we do speak about Forex on which we could really be able to trade up fiat currency price and some indices or metals or minerals which doeshave some value.Whereas, when we do speak about crypto trading then it would be of course pertaining on trading up crypto. There's the main difference and the way of trading on which making it use of technicals and fundamentals would really be just actually be the same on which it would really be
just a normal approach for someone to have those choices on which one they would really be trading up according into their risks taking. The best thing on dealing up with crypto market is that volatility is something
that you could really be able to deal off with and make profits if you have done it well.This isnt something that you could achieve on doing forex in short time as possible.

R


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May 07, 2023, 10:06:36 PM
 #79

Do not confuse these two markets, one has the volume that is not consolidated, while in the forex the volume is consolidated, in another aspect the volatility in the Bitcoin market is much stronger than in the forex market, for this reason the things always tend to be different when we try to find alternatives, personally I have traded in both markets, both have their benefits and cons, for me the cons of fforex is that they need a lot of verifications to make withdrawals, while in the crypto market no.

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May 08, 2023, 05:24:11 AM
 #80

Do not confuse these two markets, one has the volume that is not consolidated, while in the forex the volume is consolidated, in another aspect the volatility in the Bitcoin market is much stronger than in the forex market, for this reason the things always tend to be different when we try to find alternatives, personally I have traded in both markets, both have their benefits and cons, for me the cons of fforex is that they need a lot of verifications to make withdrawals, while in the crypto market no.

Trading in both markets in order to justify my comparison. Even the government advises citizens to anticipate fully in the forex market because it is highly recognizable in the world, unlike cryptocurrency, which is banned in most countries and the government imposes strict restrictions on them because they fear or have reasons that it will surpass the common Legalized fiat currency. Both markets have considerable volatility, and sticking to just one will help you. Figure out which market works best for you and stick to it.  Although professional traders with extensive expertise in both markets agree that if a trader can survive in the FX market, he or she will be able to survive in the crypto market as well. Forex withdrawals are filled with authentication and security-related tasks while crypto is easily withdrawable with P2P or even selling to the exchange directly without any form of a third party.

R


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