Is trading Cryptocurrency the same as forex? 

Professional Surveyor Boards » Ask an Expert » Is trading Cryptocurrency the same as forex?

Name Message
DUFFY
Posts: 733

Joined: 10/8/2019
Topic  Is trading Cryptocurrency the same as forex?       Flag »  Reply »
While currencies in the Forex market are backed by a centralized government, cryptocurrencies are not. ... Cryptocurrency trading is similar to forex trading in that they both involve exchanging a currency for another currency. However, the cryptocurrency market and the forex market are influenced by different factors.

  Tuesday, March 17, 2020 at 12:48:47 PM
jonsmaradona
Posts: 259

Joined: 12/28/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »

The Forex market is the largest, most liquid market in the world. It’s a decentralized global market, where all the currencies in the world are traded.  As a global market, the Forex is influenced by many factors, such as political announcements, inflation numbers and jobs reports. On average, $5.3 trillion is traded in the Forex per day.


  Tuesday, March 17, 2020 at 12:49:44 PM
disruptivetalk
Posts: 171

Joined: 8/25/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »

The network also generates cryptocurrencies in exchange for people working to secure the network and check entries in exchange for digital cash. These people are referred to as miners.

The global cryptocurrency market has previously reached a market cap of more than $700 billion. Some experts predict that number will only climb.


  Tuesday, March 17, 2020 at 12:50:05 PM
DALTON
Posts: 97

Joined: 11/17/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »
Cryptocurrency trading is similar to forex trading in that they both involve exchanging a currency for another currency. However, the cryptocurrency market and the forex market are influenced by different factors.

Historically, the crypto market is more unpredictable and volatile.  For extreme foreign currency couples in the Forex, volatility is around 1%, and .5% for most of the established currencies. To compare, Bitcoin has a volatility around 5% to 15%.  That’s why cryptocurrencies can be appealing to traders with a high risk tolerance.

  Tuesday, March 17, 2020 at 12:50:34 PM
DUFFY
Posts: 733

Joined: 10/8/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »

This is both a positive and a negative. Volatility is present in both the Forex and cryptocurrency markets. However, the higher the risk, the higher the reward.  Though cryptocurrencies tend to wildly fluctuate, both the cryptocurrency market and the Forex market can be subject to a huge variation in price in a short period of time.


  Tuesday, March 17, 2020 at 12:50:50 PM
disruptivetalk
Posts: 171

Joined: 8/25/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »

Trading either cryptocurrencies or foreign currency involves a high level of engagement. It requires effective equity planning, proper risk-management, perseverance and a strong desire to continuously learn. But there’s no doubt trading either of these popular markets can lead to remarkable opportunities for an educated investor.

  Tuesday, March 17, 2020 at 12:51:00 PM
ROBINSON
Posts: 235

Joined: 5/8/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »
Just wanted to share this link to some of the best Forex brokers in Dubai and the United Arab Emirates: ForexBrokersAZ.com. You'll find Forex spreads, leverage and platform specifications in one place. ForexBrokersAZ helped me find the regulated Dubai-based Forex broker I was looking for. It’s worth a look: https://forexbrokersaz.com/ae/

  Tuesday, March 17, 2020 at 12:51:35 PM
disruptivetalk
Posts: 171

Joined: 8/25/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »
So you fancy the idea of AutomatedFXTrading, but don’t have a clue where to start? Don’t be embarrassed to confess your lack of knowledge because some of the most experienced Forex traders started off as beginners. There is a wealth of information available, either at your local library, bookstore, or online, to bring even the most inexperienced to a certain level of understanding. We hope that you find everything you need here on this site, as it’s very convenient to have a place of reference where all the necessary information is close at hand.

  Thursday, May 7, 2020 at 4:42:01 AM
DUFFY
Posts: 733

Joined: 10/8/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »
Once Buy or Sell signal appears on the market you follow, you can open a position on your exchange/broker, set proper stop-loss and target or wait for reversal signs from script or opposite signal to close the position. Script is making the most accurate predictions with natural price flow. It means that calculations can be disrupted by sudden price ‘pumps and dumps’ caused by some outer events, for example government announcements for national economies and so on. However those are not happening often and doesn’t always have impact on market prices, so it should not bother you much in general — especially knowing how to avoid entering positions in such uncertain situations.

You will get this using Tradest Indicator Script from https://tradest.io/
  Thursday, May 28, 2020 at 11:51:02 PM
DUFFY
Posts: 733

Joined: 10/8/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »
I've traded with your free Forex signals for almost a month now and so far so good. It is the first time that i copy forex signals, and honestly, it is so much better than trading by myself. I am actually enjoying it. I could not believe that someone was giving away free signals that actually worked! I thought there had to be a catch, but to my amazement they do work and for the first time I will more than likely open up a real account because of you. Keep up the good work"
  Monday, June 29, 2020 at 2:56:40 AM
disruptivetalk
Posts: 171

Joined: 8/25/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »
Image

TelegramFxCopier is a unique smart trade copier of Telegram signals. The system allows its users to copy signals from their chosen signal providers and brings a very large choice of options and features (Money and Risk Management). The software also displays your Telegram providers performance via advanced analytics in your area from the website. Our Analytics feature is one of the best parts of our trade copier tool. Different tables are displayed for each situation (All trades, Closed trades, Opened trades) showing detailed results for all selected telegram channels. For each channel, you will be able to see how many trades it has executed, lots, Profit, loss, Net profit/loss and Net Pips. With this amazing feature, you will be able to control your performance effectively. We put a strong focus on the needs of copy trading to figure out solutions that best fits your needs. Our trade copier provide you Analytics charts to compare results of telegram channels with different ways.

Visit Our site to discover our amazing features. Telegram copy trade
TelegramFxCopier Demo - Best Forex Signals Copier https://youtu.be/TtpqDZL1spU
  Saturday, July 11, 2020 at 10:54:44 PM
DALTON
Posts: 97

Joined: 11/17/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »

LTC Business Services is your one-stop-shopfor all your international business needs. From proven advisory to invaluablelocal resources, you’ll get everything you need to gain a foothold ininternational markets and experience unparalleled growth.

LTC Business Services is offeringfully-serviced ready-made companies in jurisdictions such as Poland, Cyprus,and Georgia — all remotely from the comfort of your home. Furthermore, LTCBusiness Services also has a vast network of talented workers to help youexpand your remote team or even outsource your entire project hassle-free. Ifyou’re ready to take your business to the next level, get in touch today. Check this link right here now company formation

  Monday, July 20, 2020 at 6:08:16 AM
coye
Posts: 11

Joined: 1/26/2021
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »
the important information you should know about forex trading
learn to trade forex before you start trading
  Tuesday, January 26, 2021 at 4:07:58 PM
disruptivetalk
Posts: 171

Joined: 8/25/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »
We get listed on exchanges and continue weekly donations, adopt more marine animals and corals. We establish partnerships with NPO. We organise monthly NFT auctions, sell merchandise and all profits is donated to selected charities. We create the Lily’s Ocean non profit organisation, backed by our currency.  We will raise awareness on sea-related issues and the power of DeFi. We sponsor pro surfers and create jobs to protect the oceans.
  Wednesday, May 26, 2021 at 5:34:56 PM
jonsmaradona
Posts: 259

Joined: 12/28/2019
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »
Institutions like Cysec play an important role in the financial market to help traders identify good brokers to invest their money. In Brazil , the institution that regulates the financial market is the CVM (Securities Commission) and this has not yet authorized the operations of IQ Option in Brazil, which can cause suspicion on the part of many. It is true that CVM is an important and respected institution, and its approval in the financial market is really relevant. However, operating at IQ Option on a computer or cell phone in Brazil is allowed and while this approval by the CVM does not occur, verifying the existence of other regulations is important. Binario Invista
  Friday, December 17, 2021 at 1:12:38 PM
watchesbiz
Posts: 27498

Joined: 3/21/2021
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »
The Core Diver watch has been designed to Replica Watches UK be the ultimate diving companion. Every single watch has been wet tested patek philippe replicato ensure it can withstand depths of up to 2000 feet. When designing hublot big bang replica the Ocean Crawler Core Diver, the brand considered the needs of water sports enthusiasts, especially those who partake in scuba diving, spearfishing, and ocean-bed exploration, to ensure the watch was not just attractive, Fake Tag Heuerbut also a functional tool that could withstand the rigors of underwater activity.
  Wednesday, January 12, 2022 at 4:33:15 AM
watchesbiz
Posts: 27498

Joined: 3/21/2021
Reply  Re: Is trading Cryptocurrency the same as forex? Flag »  Reply »
 You can tell winter has come to Glashütte by the bite in the air.Replica Watch It’s crisp and it’s cold; the moon is rising, Fake Rolex the temperature’s falling and the starry sky is crystal clear. At night snow begins to fall, Replica Handbags leaving our world in glistening white, stretching Breitling Replica out under a pale blue sky as far as the eye can see. A time for quiet contemplation. A time to dream. Wintertime is dream time. This is the scenery in which they, the watchmakers at Glashu?tte Original, spend their winters… Dreaming up watches! The one we are presenting to you is an absolute marvel that comes in the form of the pale blue PanoMatic Luna.
  Thursday, April 21, 2022 at 12:01:18 AM

Professional Surveyor Boards » Ask an Expert » Is trading Cryptocurrency the same as forex?

 
» Reply to Is trading Cryptocurrency the same as forex? Topic

In order to post a new message, you must first be logged into an account.