moonchild
VIP Contributor
What have been going on in the crypto world is no news, so questions abound for forex trading.
First thing first, you have to understand that forex Trading had been existing for a very long time, and the analogy behind it is very straight forward, traders make money through the changes of currencies.
Changes of prices is the opportunity that retail traders use to make money on the market.
So, in a clear view, you have to understand that Forex is not a multi level marketing, even though some brokers makes it very hard to make money on the market due to the arbitrage they use.
Also forex is not a close market with a market cap, forex is an open market that anybody can participate, it has a market cap of over one trillion dollar which is a cumulated amount of the currencies world wide.
In crypto currency you'll be told to hold on to a coin even if it is on an obvious downtrend you'll be told that it'll come up and basically there isn't any structure for it
In Forex Trading you'll have to learn chart analysis to be able to read the market movements.
Forex Trading will always be available but we can't say the same for crypto currencies
First thing first, you have to understand that forex Trading had been existing for a very long time, and the analogy behind it is very straight forward, traders make money through the changes of currencies.
Changes of prices is the opportunity that retail traders use to make money on the market.
So, in a clear view, you have to understand that Forex is not a multi level marketing, even though some brokers makes it very hard to make money on the market due to the arbitrage they use.
Also forex is not a close market with a market cap, forex is an open market that anybody can participate, it has a market cap of over one trillion dollar which is a cumulated amount of the currencies world wide.
In crypto currency you'll be told to hold on to a coin even if it is on an obvious downtrend you'll be told that it'll come up and basically there isn't any structure for it
In Forex Trading you'll have to learn chart analysis to be able to read the market movements.
Forex Trading will always be available but we can't say the same for crypto currencies