One standard lot in cryptocurrency trading equals a whole coin, so 0. You can also take advantage of various leverage services offered by Forex brokers. They allow you to trade in a higher amount than your available capital. Of course, that brings about additional risks. Forex Cryptocurrency trading is available in various pairing options, they are as follows:.

Besides, it is equally important to note that the Cryptocurrency market moves with a whole different level of volatility compared to that of the fiat currency market. Because of their decentralized nature, cryptocurrencies move independently without having any regard for worldwide political or economic concerns. The price movements of cryptocurrencies are mostly affected by the following factors: 1.

Supply and Demand Cryptocurrencies are circulated within a specific limit. For example, the Bitcoin supply is based on the miners. The growth rate of the new coins has decreased a lot from 6. On top of that, cryptocurrencies are expected to cap at a certain number. Bitcoin is predicted to cap at 21 million.

So, when this number is achieved, there will be no more coins to mine. This limited supply, along with further demands and other aspects, will determine the market value of cryptocurrencies. Media Exposure As a new and developing virtual money, all eyes are on the growth of these cryptocurrencies. Therefore, how these cryptocurrencies are presented to the users by the media will significantly affect the value of each cryptocurrency.

The more news coverage Cryptocurrencies receive, the higher their value will be.

Therefore, even a single tweet of rumor or misinformation can disturb the whole pricing system of Cryptocurrencies. Market Integration The price movement of cryptocurrencies is also affected by the fact of whether it could be used as a payment method. Nowadays, there are various places such as Shopify, Microsoft, Bitrefill, and Purse.

10 Best Cryptocurrency Exchange Platforms - Forex

This marketplace integration invites more users to buy and invest in Bitcoin, and therefore increase its market values. Regulation and Legal Issues Since Cryptocurrency is completely new in the financial business, it involves less regulation and more of a free hand for people to go about their financial transactions. However, this also causes new problems such as money laundering and criminal activities, which will create uncertainty for the public to officially use cryptocurrencies in their daily lives.

Moreover, cryptocurrencies can also be classified as different categories. These classification systems will also determine the value of cryptocurrencies in the market.

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Because of the above factors, you will need to prepare yourself if you want to join the business. Your days will be filled with adrenaline rush because the price of cryptocurrencies fluctuates easily. It can rise to the skies today and plummet tomorrow. Open RoboForex Account. RoboForex Malaysia Review. Open HotForex Account. HotForex Malaysia Review. Open LiteForex Account. LiteForex Malaysia Review. With the rising debates of cryptocurrencies, you might be wondering whether you should trade Forex or simply join the cryptocurrency trading community.

The answer is both can be valuable depending on your trading conditions. Because Forex and cryptocurrency trading have their own characteristics that can be very beneficial for your trading business. Regulation The Forex market has been operating for years and years. Therefore, it has matured in terms of experience and regulations. It provides more stability and has an extensive historical background for better predictions of the price movements, as well as various rules to protect both traders and brokers against many financial crimes.

On the other hand, cryptocurrencies are still developing. This type of trading provides a wider range of options and liberty for traders to experiment without being controlled or supervised by the nations or governments.

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Conventional Forex trading is a much better option if you are still new to the trading world. But, the excitement of unpredictable price movement in cryptocurrency trading will be extremely beneficial for expert traders to improve their trading skills and predictions. Bound by Nation vs Decentralized Currency Forex trading involves fiat currencies that belong to specific nations. Such cases will not happen to cryptocurrencies. That is because their price movements are purely based on the value of the coins. That is why they are NOT affected by any geopolitical or macroeconomic events.

Therefore, if you are interested in keeping yourself up-to-date with world events, classic Forex trading might be more enjoyable for you. But, if world events bore you and you are looking for more excitement in the financial business, maybe it is time for you to take a sneak peek at cryptocurrency trading. Cost and Capital With the emerging trends of Forex trading, everyone can join the market with a capital as low as even 5 USD.

However, depending on the brokers, you may have to consider several underlying costs which can be quite substantial. Cryptocurrency trading, on the other hand, might need a higher amount of capital to get you started. Still, the costs offered by the brokers are usually lower to attract more clients. For the aforementioned reasons, Forex trading is far more suitable if you are a novice trader whose capital is still limited.

In comparison, cryptocurrency trading is much better for professional and experienced traders with a higher amount of capital. Volatility Both Forex and cryptocurrency trading present a high level of volatility. Still, even when the Forex market is considered volatile, traders believe that it is nothing compared to the extreme price fluctuation of cryptocurrencies.

Moreover, the Forex market offers massive liquidity, with over 5 trillion USD of daily turnover from all around the world. Therefore, even when the price fluctuates so much, the currencies are extremely liquid and easy to move. However, that is not the case for cryptocurrencies for which market liquidity is extremely limited, and the price fluctuates even more extreme than the ocean tides. So, cryptocurrency trading is far more suitable for traders who want greater challenges and are ready to take risks. Trading Objectives Most experienced traders participate in the cryptocurrency market as a long-term investment, to diversify their portfolio, or simply just for fun.

The extreme volatility of cryptocurrency trading makes it impossible for traders to depend on it for day trading. That is why your trading objectives will determine which trading options you should choose.

What is Cryptocurrency?

If you want to become a day trader, Forex trading is a much more viable choice. On the other hand, due to its promising prospects, cryptocurrency trading is a far better option for long-term investments.

Despite its complexity and unique nature, professional traders are willing to invest in cryptocurrencies because of its wide range of advantages: 1. Therefore, it demands that the platform is superbly responsive to be able to make moves in time. To beat the competition, the best cryptocurrency brokers work to attract clients by creating an intuitive trading platform that is suitable for both experienced and new traders. They offer technical analysis tools and basic risk management features like take profit or stop loss.

Other sites also offer additional features, including price alerts, social trading networks or advanced educational centers. The crypto trading platform should allow you to trade in the market manage your accounts, perform technical analysis, and receive the latest news on all cryptocurrencies.

All brokers, whether trading crypto coins or forex, charge commissions and offer margin accounts to traders.

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A reliable forex broker for crypto coins should inform you precisely the type of fees and commissions they charge as well as the risks involved. The common fees and charges made by brokers include:. The last thing you want as a crypto trader is to get margin called simply because you could not log in to close an order. The prices keep moving and are not limited to your time zone. Hence, when choosing a broker, you need to choose one whose platform offers full-time access. For instance, when trading cryptocurrencies, mobile apps are a necessity as you may need to make or break deal-critical decisions throughout the day.

If possible, consider using a reputable broker with a mobile app so that you are able to make successful trading decisions even while in transit. Today, there are some broker platforms that let you leverage the wisdom of seasoned cryptocurrency traders. This feature can go a long way in improving your returns on investment. Such a trading platform lets you observe the hottest trading trends of other seasoned and successful traders in the market. Digital currencies trading keeps growing in popularity by the day.

More and more people, be it speculators or beginner traders want to be able to make key decisions on time, every minute. Therefore, they need to have a setup ready as soon as they are verified by a broker.