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Is there a difference between Crypto trading and forex trading?
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[QUOTE="Mika, post: 242256, member: 29399"] I have never been involved with forex trading. I once joined a forex trading company, enrolled for their free course, and traded through their demo account, I even made some profits on my demo account, however, I never funded my forex trading account. Therefore, I have no practical experience. Currency price depends on various factors like the economic standing of the country, imports, and exports of the country, trade deficits, gross domestic product, Purchasing power parity, etc. Therefore, if you understand the key terms associated with the economy and if you are alert to the economic situation in the country, you can make profits with forex trading. It is risky but there are ways to minimize the risk. crypto trading on the other hand does not have any visible metrics, the price can go up or down just when an influential person tweets, the price will move when government takes a decision on something, the market can go bearish when there is a war, the price can also go up when the war is at the height (as we have seen in recent times). Therefore, crypto market is more volatile than the forex market and crypto trading is riskier than forex trading. [/QUOTE]
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Is there a difference between Crypto trading and forex trading?
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