What is the difference between Forex Trading and Cryptocurrency?

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RUIZ
Posts: 21
Joined: Sat Sep 28, 2019 10:53 am

What is the difference between Forex Trading and Cryptocurrency?

Post by RUIZ » Fri Mar 20, 2020 9:04 am

Forex and cryptocurrency are two different markets that offer unique aspects and advantages to traders around the world. Individuals have the opportunity to make short-term or long-term trading and investments in Forex and cryptocurrency market. The majority of individuals who are interested in starting trading on one of these markets probably wonder what are the differences between them.

Delilah
Posts: 86
Joined: Sun Sep 08, 2019 8:13 pm

Re: What is the difference between Forex Trading and Cryptocurrency?

Post by Delilah » Fri Mar 20, 2020 9:05 am

Forex or Foreign Exchange Market is a network of buyers and sellers who transfer a currency between each-other at an agreed price from both of them. The main goal for individuals who are involved in Forex trading is to generate profits out of it. The amount of currency converted every day, can affect the price movements of some extremely unstable currencies.

Arely
Posts: 92
Joined: Wed Sep 04, 2019 8:58 pm

Re: What is the difference between Forex Trading and Cryptocurrency?

Post by Arely » Fri Mar 20, 2020 9:05 am

In Future Forex Market individuals get a standardized future contracts to buy and sell currencies at a set date, time and contract size. Forex Futures contracts are not customized and are publicly traded at exchanges all over the world. This market also offers mini-contracts at half the standard of the regular one. Also it offers E-minis, which are one tenth the size of the regular contract. They are ideal for new traders. Individuals can trade with these contracts 23 hours a day, Monday to Friday, worldwide.

Arely
Posts: 92
Joined: Wed Sep 04, 2019 8:58 pm

Re: What is the difference between Forex Trading and Cryptocurrency?

Post by Arely » Mon Mar 23, 2020 8:06 pm

If you're looking to trade CFDs on FX, stocks and raw materials from South Africa, I suggest you visit https://forexbrokersaz.com/za/. Their comparison service lists brokers that accept South African residents. You’ll find many different types of brokers: STP, ECN, and non-dealing desk brokers. You’ll also find reviews and answers from frequently asked questions.

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