Although this are two different way of transacting and investing but at the same time they have some similarities.understanding each of them clearly will help us to know the difference between them.
Crypto is a decentralized digital currency and work mainly on blockchain.the world is evolving in every aspect and the advent of Cryptocurrency has actually changed people's perspective on how to transact and invest. this is a major change that has occured in some years back.crypto being a digitalize currency gives no controll to anybody over it i.e nobody owns crypto and therefore can not be controlled by any one. but despite the advantages offered by crypto over fiat money,the choice you make in your investment and transactions matter's.some people may prefer to trade forex or invest in forex than crypto.i will share my experience with FOREX trading.
I got to know about forex trading in 2008.i took my to study it and practice with the demo account just to enable me to be able to trade real life . after months of practicing with demo I decided to trade life,to be honest with you all the money I invested in trading got blown up.i tried severally but it was no avail.the truth is that 90-95% of forex traders tend to loss there investment due to complexity involved in trading.
But with crypto,I got to know about crypto two years ago and I have never lost in my investment in cryptocurrency.what am trying to say in essence is that the ease at which you carry out transaction and investment in crypto is quiet different from that of forex trading.we need to understand that both are been transacted digitally but one give more privacy than the other.every country have their fiat currency and this are usually controlled by the government of those countries thereby give no privacy on how you spend your money.so in my own opinions I see crypto to be far better than forex trading and I will definitely do business in crypto because of it's simplicity and smooth way of doing business .
Forex is a business that has been in existence for long,so a lot of individual private firm such as banks and other financial institutions and government are always involve forex trading,although the same is applicable to cryptocurrencys.both forex trading crypto can be traded in pairs ,this one major similarity between crypto and forex trading..
So in choose between the two,the choice of the type of investment you want to go into matters a lot.
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