Bitcoin vs Forex, which one is better for trading?
Since the 1990s, regular people have had access to financial instruments to trade and thereby giving them some control of their own financial future. That trading was reserved almost solely and specifically for the regular stock markets – this is not the case anymore.
All over the world we now have access to instruments that were previously only able to be touched by the financial elites. There are limitless amounts of things to access: futures, options, normal equity markets, CFDs (contracts for difference), forex and cryptocurrencies (Bitcoin).
When forex was introduced as a derivative to trade, it was met with a lot of resistance. Experts, looking out for everyone’s own good, said that the public should not trade forex. ‘’It’s a scam’’. ‘’It’s rigged’’. ‘’It’s over-leveraged’’. In fact, we can still hear or read stories about how forex is not a safe trading vehicle and a scam (most of those complaints are regarding shady and unscrupulous brokers).
$5.3 trillion dollars in forex traded daily is not a scam. The newest instrument to trade, and perhaps the most confusing to understand and comprehend, is Bitcoin.
For more information check this link: https://www.learntotrade.com.au/blog/learn-to-trades/bitcoin-vs-forex-which-one-is-better-for-trading/#
Bitcoin vs Forex, which one is better for trading?
When forex was introduced as a derivative to trade, it was met with a lot of resistance. Experts, looking out for everyone’s own good, said that the public should not trade forex. ‘’It’s a scam’’. ‘’It’s rigged’’. ‘’It’s over-leveraged’’.
Well, it looks like Bitcoin trading is the new forex for these "experts".
These two markets are pretty similar when it comes to volatility. Both are faster than stock markets. Considering bitcoin and cryptocurrencies is still younger and has lower volume, it can yield more profits but also riskier.