Cryptocurrency trading, and Forex... What is the difference between the two?
View the original post on Musing.io
Cryptocurrency trading is the art of selling and buying cryptocurrency solely for the purpose of making profit. It involves helping other cryptocurrency holders convert their cryptocurrencies into cash directly by buying it from them and paying them with money. Someone who engages in crypto trading is known as crypto trader and he or she must possess knowledge about the crypto market
Forex trading on the other hand involves the exchange and trading of currencies. It is just the simple act of buying currencies. It involves a very deep understanding about currency rate and taking calculated risks. Someone who engages in forex trading is known as a forex trader.
We can finally wrap it up by simply saying that "Cryptocurrency trading is the process of trading cryptocurrencies while forex trading is the process of trading currencies."
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