While forex trading of international currencies has been an established industry for decades, the cryptocurrency market has grown from a fledgling idea to a multibillion-dollar market in less than a decade.
Today, many traders might be investing in both forex and crypto at the same time, hoping to leverage the profit opportunities that come with each distinct market. But while cryptocurrency earning potential has garnered a lot of media attention in recent years, this market also features key differences from forex trading that can increase your potential risk when investing money into these digital “currencies.”
Before forex traders dip their investments into cryptocurrency, it’s important to understand what these markets have in common as well as how they diverge from one another.
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