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what is convenient, forex or cryptocurrency market

What does the cryptocurrency market offer

The cryptocurrency market allows users to be able to start investing in new virtual assetsalso known as cryptocurrencies.

Cryptocurrencies have some similarities with the stock marketin relation to the determination of prices or the rise and fall of assets due to factors outside the market itself.

In this way, the user will be able to find different types of assets, from stablecoins with little variation in their prices – called stable currencies or stablecoins-; even currencies with high levels of volatility, as is the case with Bitcoin.

How is the forex market

Forex trading is the means by which one currency is exchanged for another. When we trade currencies, we are always trading a pair: we are selling one currency and at the same time buying another.

Each currency in the pair is represented as a three letter code which tends to consist of two letters representing the region and one letter representing the currency itself.. For example, USD stands for the US dollar and JPY stands for the Japanese yen. In the USD/JPY pair you are buying the US dollar and selling the Japanese yen.

Some of the most traded currency pairs are the Euro against the US Dollar (EUR/USD); the pound sterling per euro (GBP/EUR); and the British pound per US dollar (GBP/USD).

Like cryptocurrency trading, there is money to be made and some experts can make a more than profitable career out of forex trading. However, currencies are also very volatile: Statistics show that most people who try the forex market lose money.

For example, according to market figures, 70% of retail investors on their platforms lose money. In this regard, one reason for this is that when you trade forex, you are against the forex markets and the provider of those notes.

Where can you start?

If we are looking for a platform to start investing in cryptocurrencieswe will have different options.

Binance It is the largest cryptocurrency exchange in the world and has more than 29 million users. The firm offers its users the possibility that they can access more than 600 different types of cryptocurrencies.

For her, Phemex It is another one of the most important cryptocurrency platforms in the world and they have different investment possibilities for the user, from Launchpad, Launchpool to different cryptocurrencies.

Namely, the user will be able to find different platforms to work with shares or cryptocurrencies; and others will be mixed and offer the opportunity to work with both options.

In that sense, it is one of the most famous platforms when it comes to working with cryptocurrencies and shares Zulutrade, was created in the United States, in 2007, and is headquartered in Greece. In this case, as a mixed platform, it offers its users the opportunity to trade forex, stocks or cryptocurrencies.

Now it’s a matter of defining it which option is appropriate for each of themand start investing so that our money yields and therefore beat inflation.

Start investing in USDC and get Free Bitcoin when you buy or sell 100$ or more when you register in Coinbase