Forex, also known as “the foreign exchange market,” is the most liquid and the largest financial market in the world. The daily trading volume is about $5 trillion. Forex traders around the world buy and sell currency pairs at a rate determined by their own opinion of what different national economies will do in terms of inflation rates, interest rates, fluctuations in economic growth, and other metrics.

CryptoCurrency is a digital or virtual currency that uses encryption to regulate the generation of units and verify transactions. Other popular names for crypto are digital currency, cryptocurrencies, virtual currencies, or coins. (Wikipedia)

While Forex and CryptoCurrency are two entirely different assets, they are both currently experiencing large uptrends in terms of interest from investors. In this way, the two markets tend to move together. That means that learning how to trade one could help a trader to understand the other.

As with any market, it is important to know what you’re getting into before you get into it. In this article, we will address both Forex and CryptoCurrency as new asset classes that most traders have little experience with.

Angelicnigeria:
Forex, also known as “the foreign exchange market,” is the most liquid and the largest financial market in the world. The daily trading volume is about $5 trillion. Forex traders around the world buy and sell currency pairs at a rate determined by their own opinion of what different national economies will do in terms of inflation rates, interest rates, fluctuations in economic growth, and other metrics.

CryptoCurrency is a digital or virtual currency that uses encryption to regulate the generation of units and verify transactions. Other popular names for crypto are digital currency, cryptocurrencies, virtual currencies, or coins. (Wikipedia)

While Forex and CryptoCurrency are two entirely different assets, they are both currently experiencing large uptrends in terms of interest from investors. In this way, the two markets tend to move together. That means that learning how to trade one could help a trader to understand the other.

As with any market, it is important to know what you’re getting into before you get into it. In this article, we will address both Forex and CryptoCurrency as new asset classes that most traders have little experience with.

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