The question which most traders ask in the course of their trading career is whether to go for one currency or another. Two popular markets for trading and speculation Forex and Cryptos. Lets try and compare how both deal with these two and get fruitful results. Forex deals with the interbank market, where foreign banks or other financial institutions to trade with each other for purposes of earning profit. This is a highly liquid market, as it allows both large and small players to trade and profit from its movement.
This market involves two major currencies: US dollar and Euro. The Euro has more value as against the US dollar since the Euro is backed by the European Union. The US dollar however is backed by the US dollar and is used as an international reserve currency.
Cryptos are much easier to trade in as they involve just a few main currencies which are generally in pairs. The main pairs of the Cryptos markets are the Euro/U.S. Dollar, Euro/Japanese Yen, US Dollar/Japanese Yen and US Dollar/Chinese Yuan. The main advantage of dealing with the Cryptos market is that there are lesser movements involved. You can trade within seconds and you don't have to wait long before the trade is closed. The only risk involved in these markets is that they are high risk due to lack of security.
The main advantages of Forex over Cryptos are that there are large volumes of transactions and liquidity. You can buy and sell a currency with ease and there is no waiting time required for you to close the transaction. Also Forex trading allows you to have direct access to the markets.
However there are some disadvantages of trading with Forex compared to Cryptos. In Forex you trade with your actual money, whereas in Cryptos all your money is kept safe in your account. This makes it a much more risky investment because it means that when you make wrong moves with your money you will be taking huge losses and losing all of your money. Since you are trading with your money you real money the chances of loss are also very high. You need to invest large sums of money in order to have a reasonable chance of making a profitable move.
If you wish to be a successful trader and play the markets and earn profits then Forex is the best option available. But if you are interested in a much riskier approach then go for the Cryptos route.