Crypto Trading VS Forex Trading ( Who is Better & Profitable )
Crypto Trading VS Forex Trading
Which market can we get more profit from? Can gain more quickly? Can get rich quick? Go to crypto, go to forex, learn which market crypto trading is very popular nowadays. Work it, work on it. Forex trading is very popular, work on it. Which one to go over, which one is legal? Which one is legal? What are its benefits? What are its disadvantages? All these things will confuse you people and you will think that there is someone who can tell us about it and tell us which way we should go. So your brother has arrived.This will tell you. I will open everything in front of you, what can be found in crypto and what can be found in forex. Next it will be your own decision as to which direction you want to go. Here I will make everything transparent to you. It will be easy for you to decide.
So let’s talk about what is best for us.
First of all we will see the difference between crypto and forex. So what is inside the crypto market is the trading of cryptocurrencies. Like bitcoin, ethereum and other coins like that.
And what is inside Forex is the trading of foreign currencies. Like Dollar, Euro, Pound, Australian Dollar, Canadian Dollar. Such currencies are traded. The trading volume of forex is very high compared to crypto. The daily trading volume of Forex is around 6 to 7 trillion dollars. Whereas if we talk about the trading volume of crypto in a day, it is around 80 billion and 100 billion dollars.
It can be more than that, but it’s still about the same. There is very little manipulation in Forex. Easy to compare to cryptocurrency. Because the trading volume inside the forex market is high and people from all over the world are participating in it. Therefore, it is not manipulated as much as it is.
There is an even bigger reason behind this that everyone manipulates small coins, crypto coins. Because what’s inside is less of a market cap. The market cap of the Forex market is very high. There is a lot of investment in it and in simple words, to go and hit any country level so much that its price goes down or up. For example, if you look at the price of Euro and USD, the economy of the Euro cannot fall so quickly and the economy of the dollar cannot fall so quickly. So we don’t see that much flotation or that much volatility in what’s there, and we don’t see that much manipulation in what’s there. And when it comes to crypto coins, the crypto market, there is a lot of manipulation going on within the crypto market. You guys may have noticed that there was a lot of manipulation within the past. Queens prices were driven up too high and then down too quickly. An example is what happened to you. At 3:10 AM on January 1st, 2024, the price of TRB Coin was $600 and after just 30 minutes, the price of the coin was $368. Just a 30 minute game and so many people will get hurt. Roughly, about 50% of what’s in there came downfall.
The Forex market is very old. Old as gold you might say. The crypto market has been around for about 14, 15 years as it is now. When it comes to the forex market, you can work 24 hours a day for five days, that is, from Monday to Friday, the market is open for 24 hours. The crypto market is open 24/7. You can work in it whenever you want, wherever you want. You can also work on Sundays and Saturdays. If we talk about the overall market volatility then the volatility is what is inside the forex but generally if you look at it there is very low volatility within the percentage. Its high volatility is counted within pips. But if we talk about volatility in crypto trading, the market is very volatile and the percentage is moving up and down very quickly. That is, within one, two, two minutes, the difference between the dollars is coming, that five, five, ten, ten dollars up. Sometimes the difference of hundreds of dollars in the price of Bitcoin is within one minute. Last talking about the regulations, Forex trading comes under the government and regulatory authorities.
So many countries allow you to trade on it, subject to specific rules. You can do Forex trading within Pakistan as well. It’s legal here. But with the registered brokers within Pakistan, all the brokers you come across within PAMX are all registered brokers. You can do forex trading within Pakistan within Jo Hai Forex by being attached to them. Within legal manors and all the earnings you make will be all white money. You can also create the same by working on it. And if we talk about crypto trading, the cryptocurrency market is not yet developed in the regulatory landscape and there are not so many rules defined in it. Some countries allow trading of what is there but there are certain conditions that you can deposit what you have up to this limit and it also says that you cannot do futures trading. You can do spot trading in which you can work with what you have for investment purposes. Futures trading or opening of positions cannot be done in it and such work is not done in it. A lot of rules are hard for cryptocurrencies and tax detection can also be done by you. So that was your conclusion for today. All the main points that I have put before you that what is the difference between cryptocurrency and forex market and which way should you go. If I give advice, you should learn first. You go into crypto or you go into forex. Both markets can make you a lot of money. But both markets can also give you huge losses. That’s way first learn, Next you Earn.