cryptocurrency trading vs forex trading

Trading in itself, wether it is stock exchange trading, foreign exchange trading, or Cryptocurrency trading, is the simple art of buying an asset at a lower price and selling it off at a higher price and making a profit from the difference in prices.

Cryptocurrency trading is 100 times more profitable than forex trading. Why?

Reason 1:

The cryptocurrency market is still in its infancy, it is a highly volatile market which sees large price movements between coins traded on the exchange floors. As such experienced traders who can read the markets can make very huge gains on these price movements when they are able to correctly predict price action.

The kind of gains recorded in the cryptocurrency markets by the average crypto traders, surpass the gains of the forex markets gotten by the most experienced forex traders, in folds of hundreds and thousands.

While forex market profits are measured in pips and calculated in decimals to the 3rd, 4th or 5th place, in the cryptocurrency market, profits are not so obviously measured, but are calculated in full integers... What this means is that if you need $100,000 to make $1000 in forex trading, you would only need $10,000 to make that same $1000 in cryptocurrency trading.

Reason 2:

Forex trading is a very technical and time consuming art and science to master, if you must become a professional and make consistently huge profits. Cryptocurrency trading on the other hand is not so. A basic knowledge of trading in general is all you need to grasp. With cryptocurrencies even the simplest strategy "buy and hold" will fetch you very large profits.

With Forex trading, you always need to follow world news, as prices of traded currencies are mostly affected by activities of the countries and their governments. With cryptocurrencies, just following cryptocurrency news alone gives you the trading edge to trade profitably.

So is cryptocurrency trading more profitable than forex trading?

Yes. A 100 times more profitable! 10 times less technical to trade in cryptocurrencies than in forex.

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