The Differences Between Forex and Cryptocurrency Trading

Cryptocurrency and forex trading are two very different things, although they both use the same currency. Cryptocurrency is purely digital, while forex is more tangible.

Forex, or foreign exchange, trading refers to buying and selling of currencies. It’s a global market where buyers and sellers trade one currency for another at various prices.

Forex is considered the largest financial market in the world, with an average daily turnover of more than $6.6 trillion.

The major foreign exchange markets are located in New York City, London, Tokyo and Hong Kong. Trading is also done on a 24-hour basis via the Internet, which allows people from around the world to participate.