Crypto vs Forex Trading

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Crypto vs Forex TradingSimilarities Differences
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Trading platforms are continuously
strengthened, stabilized, and developed to
guarantee secure and easy online transactions
while the development and utilization of
substitute currencies that make use of
decentralized financial systems are increasingly
viable options, as well. This hails from a Regal
Core Markets report on the state of trading today
and why we continue to see an increase in trader
numbers in recent months. Cryptocurrency and
forex are among the leading alternatives to
secure financial stability, especially in the
present tumultuous times, as the world continues
to navigate 2020. But which one should be picked?
Traders continue to ask this question as they
search for an ideal path to follow. This question
cannot be answered without understanding the
comparison between both crypto and forex
trading. 
Regal Core Markets
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Crypto vs Forex Trading Similarities

• Both the trading markets function on the
  supply and demand economics. This means that in
  both crypto and forex markets, price activity is
  heavily dependent on the prevailing supply and
  demand at that time. So, in crypto when there is
  higher demand for Bitcoin, or in forex it could
  be the US dollar, these prices will go up within
  their respective markets. The same setup occurs
  in a situation where supply is significantly more
  than demand- the price of that asset will fall.
  Cryptocurrency is still a relatively new market,
  so when demand for a currency is significantly
  higher, its enough to draw attention across the
  globe - like the Bitcoin rush in 2017. Demand in
  the forex market rarely happens in a way that
  yields alarming attention, but this could be due
  to how big the market is and the fact that it has
  been around much longer than the crypto industry.

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Trading is conducted digitally,
allowing for flexibility

• Both forex and crypto trading takes place
  digitally. So, one does not have to come to a
  physical location in order to conduct a trade.
  This is especially convenient in a time like
  2020, where the coronavirus has affected how
  day-to-day business takes place. Trades are
  conducted electronically, on the internet, and
  any individual can trade multiple currencies on a
  variety of platforms. This is true for both
  crypto and forex trading.The ability to conduct
  trades online provides traders with flexibility
  and freedom - trades can be conducted from any
  part of the world. In addition to this, trades
  can occur in conveniently short amounts of time
  in both markets. For traders who want to
  capitalize on efficiency, trades can be automated
  - provided the traders know their way around
  setting this up.

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Risk management is key to make significant
profit 

• The truth is, when it comes to forex and
  crypto, you have no way of knowing which way the
  markets will move. No trade is the same and
  traders must realize this. Volatility is a key
  feature of both forex and crypto trading - though
  the degree to which each market is volatile
  varies immensely. The crypto market is known to
  be far more volatile than the forex market, but
  the truth still remains for both spaces traders
  must become comfortable with risk if they want to
  earn any profitable returns. Both forms of
  trading require rock-solid risk management to
  maintain profitability. This requires constant
  learning and practice in trading, in order to
  avoid incurring major losses regularly.