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Portal Industrial Cartagena -> Portal Industrial Cartagena Colombia - Forum - Contacts -> Industrial Processes, Providers, Metalmechanics, Project Logistics Integration -> Forex vs Cryptocurrency Trading – How do They Compare?
Post Info TOPIC: Forex vs Cryptocurrency Trading – How do They Compare?
Michael Catudal


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Forex vs Cryptocurrency Trading – How do They Compare?
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At first glance, there are obvious similarities between fiat and cryptocurrency, with both classed and viable mediums of exchange and at the centre of incredibly lucrative markets. For example, the total value of the forex market is estimated to be in excess of $2.409 quadrillion, while the combined market cap of the crypto market was $809.00 billion as of December 21st, 2022. While the latter is lower than the market’s peak of £1 trillion recorded last November, it still indicates a lucrative market with huge capital value. However, there are also marked differences between these two asset classes, and while there may be considerable overlap, they can each help to diversify your trading portfolio in 2023 and beyond.

Forex markets involve buying, selling and exchanging international currencies, which are traded in pairs and as speculative assets. This means that you can use one currency to hedge against another as you look to speculate on and profit from specific price movements without assuming ownership of the underlying financial instrument. In general terms, you’ll invest in the exchange rates between different currencies and forex pairs while potentially leveraging the market’s volatility to secure short- and medium-term profits.

While fiat currencies are tangible assets that theoretically have an unending supply (as they are supplied by central banks), cryptocurrencies are completely digital assets with a finite supply. This means that crypto tokens have no tangible value or corporeal form and, therefore, cannot serve as a secure store of wealth. At the same time, the finite supply impacts directly on each token, according to factors like scarcity and a generally high level of demand. Crypto assets are built on blockchain technology, which creates decentralised and distributed ledgers that create an immutable store of transaction data. This creates heightened transparency and minimises the risk of market manipulation, while there’s no central authority or third party to control assets or enact transaction fees. Check here: https://candao.onepage.me/



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Xnderdeb


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Do you have a good trading strategy or EA and want to make extra profits? Connect your trading account to our platform, share information about your trades with our members, and get paid. We support existing accounts from thousands (1000+) of brokers around the world. Just connect your existing account with your previous trading history (or no history), start sending signals on autopilot, and start earning passive income.

We work with dozens of business partners (brokerage companies, white labels, introducing brokers etc.) who offer our platform to their customers for automated copy trading. Your strategy will be listed on their websites. Together they bring thousands of active subscribers/followers to the platform and make your trading strategies popular.

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Michael Catudal


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the best forex brokers offer access to high-quality free forex signals, usually available within their platform or through a dedicated website. For example, IG directly integrates PIA First and Autochartist within its web-based trading platform. One thing about IG’s integration of trading signals that I appreciate is the ability to copy a trading signal directly into a trade ticket. This feature (which is offered by other top brokers, such as Saxo Bank) allows you to place an order without having to type in every detail, providing a smooth user experience.



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Xnderdeb


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Forex offers stability, established practices, and liquidity, while cryptocurrency trading provides innovation, flexibility, and the potential for substantial returns. These differences highlight the contrasting nature of these two trading markets. Traditional fiat currencies, such as USD, EUR, the Japanese yen, and others, are the main focus of forex trading. Governments and central banks are in charge of issuing and governing these currencies. One of the most developed and liquid markets in the world, the forex market is distinguished by huge trade volumes and small spreads. For instance, traders speculate on the exchange rate between the euro and the US dollar in the EUR/USD currency pair. Economic factors, such as interest rates or GDP figures, have a big impact on currency exchange rates.

Contrarily, digital or virtual currencies that are decentralized and run on blockchain technology are the focus of cryptocurrency trading. The markets for cryptocurrencies are relatively new and extremely volatile and have unique characteristics that set them apart from conventional fiat currencies.

Mining is the term used to describe the process of creating cryptocurrency. Transactions made with cryptocurrency need to be validated, and mining performs the validation and creates new cryptocurrency. Mining uses specialized hardware and software to add transactions to the blockchain. Not all cryptocurrency comes from mining. For example, crypto that you can’t spend isn't mined. Instead, developers create the new currency through a hard fork. A hard fork creates a new chain in the blockchain. One fork follows the new path, and the other follows the old. Crypto you can’t mine is typically used for investment rather than purchases.

 



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Michael Catudal


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SpookySwap DEX works with an AMM (Automated Market Maker), which provides liquidity in liquidity pools. Similar to Uniswap's algorithm, the prices are automatically set and are based on the number of available tokens in a liquidity pool. SpookySwap is unique because it offers limited orders; you can place a buy order for a wanted price, and it will only be executed when or if your desired price is reached. It means you won't pay any fees until your order is executed. This feature makes trading much more flexible and enables traders to plan ahead of time.

 



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