• Home
  • Blog
    • Business Partner Magazine Archive
  • Free Contests and Giveaways
  • Resources
  • About Us
    • Cookie Policy
    • Disclosure Policy
    • Privacy Policy
    • Terms of Website Use
  • Contacts

Business Partner Magazine

Tips and advice for entrepreneurs, start-ups and SMEs

  • Business Success
  • Marketing
  • Finance
  • Employees
  • Technology
  • Start-up
  • Productivity
  • Communication

What Is Better – Cryptocurrency or Forex Trading?

May 31, 2020 by BPM Team

Click here to get this post in PDF

Too long to read? Enter your email to download this post as a PDF. We will also send you our best business tips every 2 weeks in our newsletter. You can unsubscribe anytime.

Enter your NameEnter your Email Address
Bitcoin – cryptocurrency set against blurred image of forex trading charts

This is, I think, one of the most popular questions for traders, especially when they think about where it is better to trade crypto – on the crypto exchange or on the Forex?

There are a lot of arguments, but I think that the best thing we can do now is to go through the advantages and disadvantages that have crypto exchanges and Forex.

Remember that Forex allows you to trade crypto only in the form of CFD!

That is why the first advantage of the crypto exchange is that you will really receive the asset you bought and will be the owner of till you sell it.

But with Forex you can use leverage. So, if you are completely sure the deal will be profitable, you can increase your investment fivefold and get higher profit.

On the crypto exchange, there are plenty of different coins, and Forex has like 5-6 assets to trade.

If we talk about liquidity that is also one of the most important moments, then I will tell you that liquidity on Forex is higher, much higher.

Despite Forex is more popular among traders now, I would not advise you to trade crypto with the help of CFD because in this situation your actions are limited. And about the leverage – it is good if the deal is profitable but if it is in loss, you will lose your capital and will need to give back the capital you borrowed.

Not very pleasant, right?

If we will talk about crypto trading in general, I should say it is easy.

Yes, even you don’t know what technical analysis is.

Because there are a lot of crypto signals channels where you can take all the info for your future deal.

Of course, there are some Forex signals channels as well but for now, I can’t tell you how many of them are legit. Be sure to also check this site Finscreener, for knowing more about stock screener for investors and traders.

Also, continuing the topic about what is better – Forex or crypto trading, let’s talk a bit about reputation. There are a lot of scammers in crypto and this is very bad, yes, but, to my mind, Forex is more dangerous. According to the statistics of the healthcare app developers, 80% of users who trade on Forex lose all of their initial deposits. With crypto, this percentage is lower because not every user trades with leverage.

I don’t know what you will choose after reading this article. But if you are going to trade on the crypto exchanges and want to use crypto signals, I want to give some pieces of advice.

  1. Find the safest bitcoin wallet

Yes, it is very important for you to store your crypto in a safe place.

  1. Check every service

Don’t be in a hurry and spend some time reviewing every channel, exchange, wallet, or bot you are going to work with because it is better to spend some time than lose all the money because of the scamming service.

  1. Be patient

Don’t wait for the huge profits after the first day of trading and don’t be nervous if you lose – it is okay.

I hope that you will choose the best and safest way of earning money for you.

Good luck!

You may also like: Why Forex Trading Should be Treated as Business

Image source: Unsplash.com

Filed Under: Finance Tagged With: cryptocurrency, finance, Forex, Investments, Trading

Trackbacks

  1. What Is the Cheapest FIFA Coin Website? - Business Partner Magazine says:
    August 7, 2020 at 11:17 am

    […] What Is Better – Cryptocurrency or Forex Trading? […]

  • Facebook
  • Instagram
  • Pinterest
  • Twitter
  • YouTube

Disclosure

We earn commissions if you shop through the links on this page.

Recent Posts

  • Testimonial Advertising: Best Ways to Use It
  • How to Start a Commercial Kitchen Rental Business: A Comprehensive Guide
  • Leveraging Microsoft Dynamics for Small Business Growth and Scalability
  • The Future of ERP Consultants for Small Businesses: Discussing Emerging Trends and Advancements
  • Thomas Peter Maletta Explores 9 Lead Generation Techniques to Help Grow Your Business

Categories

Archives

Make Money Online – Free Course

  • Discover All The Shortcuts To Affiliate Marketing Success
  • Find Out How To Fill Your Site With New Leads And Customers
  • Discover How To Turn Your Passion Into Profits
  • Learn How To Write Copy That Gets Results Fast!
  • Discover How To Create Promote & Sell Your Own Products Online
  • Everything You Need To Know About Marketing Money Online
  • Strategies For Successful Web Entrepreneurs Inside
  • Discover How To Invest Smarter Grow Faster And Retire Rich
  • Email Marketing Strategies For Marketers And Entrepreneurs
  • Free training reveals how to build a successful six figure income online
  • Discover The Mindset Hacks You Need To Succeed
  • Free Marketing Memberships – Make Money Online

    Make money online free marketing memberships

    Tags

    Accounting apps bitcoin brand business growth business skills business success communication cryptocurrency Customer Service Data design Digital marketing ecommerce Efficiency employees Featured Article finance finances Health and Safety infographic insurance Investing investment legal legal tips Management Marketing marketing strategy Outsourcing productivity property Real estate sales security SEO Social Media software starting a business startup Technology Trading Training website workplace

    Disclosure

    We earn commissions if you shop through the links on this page.

    Digital Marketing Agency

    ReachMore Banner

    Business Partner Magazine

    Business Partner Magazine provides business tips for small business owners (SME). We are your business partner helping you on your road to business success.

    Have a look around the site to discover a wealth of business-focused content.

    Here’s to your business success!

    Copyright © 2023 - Business Partner Magazine·

    x
    x