Demo Account Guide
Demo Account Guide
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Trading Bitcoin Vs Forex


Caleb Harvey

May 20 2020 07:24

Is it same between trading bitcoin and forex?


Daniel Robson

May 22 2020 04:25

Hi Caleb Harvey,
There are several things that make them different. It is about risk, volatility, liquidity, and regulation. Forex is more liquid than bitcoin. Otherwise, Bitcoin is lee liquid but has high volatility and risk. 

About the regulation, the forex market is an OTC market, the banks which carry out a vast majority of daily FX trades are heavily regulated. In the US for instance, the Federal Reserve (Fed) looks out for any evidence of manipulation by banks and institutions. For Bitcoin, there is no central bank or inter-governmental body tasked with regulating bitcoin transactions. As a result, there is no way for a bitcoin buyer to get their stolen coins back if they were subject to a hack or exploit in the system.


Caleb Harvey

May 23 2020 11:04

Which is one is better for Newbie?


Jorge Câmara

May 25 2020 02:22

@Caleb Harvey, The sort answered is depending on yourself... if you want to make money, crypto might be riskier but it's also much more profitable both long-term and short-term in my opinion.


Anya Watson

May 26 2020 01:10

@Caleb Harvey, The question "which is better" is out of the context. There should be no comparison as even the idea is just the same, they have a "different" approach.

Short-term or long-term, asked yourself, can I deal with Forex? can I deal with crypto? can I deal with both?. Generally, both are good and profitable depends on how well you managed it along the way. Just because someone became successful in doing forex, stocks, or crypto, you will have the same experience. It's on your own hands how to make it successful in the long run.

We have different knowledge and strategy on how to deal with those, therefore, you are the only one who can answer "what's fit for you". If you are having a hard time dealing with crypto, then focus on forex and vice versa. Find your comfortability to have a relaxed mindset.


Osmar Araújo

May 27 2020 11:12

Never been forex trading before but I had heard different people can be a success from forex and crypto trading so I think all of it depend to each person to see it which options from them will be more profitable but in my view, although crypto more volatile than forex trading but it's more profitable to crypto trading