Forex or Cryptos, Which Should I Trade? 😕

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Forex or Cryptos which should I trade? This is my opinion whether you should be trading forex or cryptos. Suppose you are just entering the markets and you only have two choices: trade forex or crypto currencies? These are the big things that we see advertised a lot. Whatever you’re trading make sure to watch the risk.

Spreads – spread is definitely lower in forex pairs particularly the liquid pairs like EUR/USD, GBP/USD, USD/JPY,…etc
Safety – how safe are your funds? If you’re trading fx with an unregulated broker, then they’re just as unsafe as anywhere else. But if you trade with a regulated broker then you have some protection. Most of the crypto exchanges are unregulated and I’m seeing a lot of hacking and potential problems.

Volatility – this is a double-edged sword really. Cryptos are definitely more volatile though.
Opportunity – FX wins here.
Scalability – Cryptos are not that scalable. You can’t really move huge sizes that quickly.
Resources – Cryptos seems to have an edge here.
Leverage – FX wins here.

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