Difference between crypto and forex?

[CuteTamago]

Ano po ba pinagkakaiba ng dalawa? Patagalogg po

 

[Queen Buns]

Crypto trading is the buying and selling of digital assets, such as cryptocurrencies, tokens and NFTs (non-fungible tokens). Forex trading means swapping one fiat currency for another in the hope the currency will rise in value, which the trader can then reconvert for profit.

 

[conviction]

forex
trading pairs (real money)

mas madaming PIPS mas malaki kita (long or short)

crypto
trading pairs (digital money/virtual money)

mas malaking gap ng market price sa price entry mo dun ka kikita (futures=long or short) at long (spot trading)

 

[Keoxx]

Forex

• Real currency/paper money(USD,JYP,AUD etc.)
• 24/5 ( Open for trading lang Mondays-Fridays)
• Fundamentals nito ay economy ng bansa (alam nyo na yan basta naturo sa economics haha)
• Less volatile(stable)
• Can't HODL(meaning short-term)- auto close ang trade mo pag sobrang bumaba currency mo.

• No manipulation (not sure)
• May broker or fund manager(that's why ayaw ko sa forex haha)

Cryptocurrency

• Digital Currency/imaginary haha(BTC,ETH,LUNA)
• 25/7 - magtrade ka hanggat gusto mo haha
• Mga projects/utilities yan per coin, and yung coin na yon ang under blockchain(meron din shitcoin dito)

• Sobrang volatile ng market
• Daming whales kaya prone sa market manipulation

• Can HODL(Pwede ka bumili ng crypto ngayon tapos ipamana mo sa mga anak ng anak ng anak ng anak mo)
• Not as regulated as forex(kaya sobrang gamit ng crypto sa dark market)