In forex trading, dealing in a decentralized currency that offers global transactions with no fees is an advantage.

As mentioned, when trading Bitcoin, prices can quickly go very high or very low. In addition to these differences, experts like Investopedia recommend trading bitcoin at a regulated cryptocurrency exchange, such as Gemini Trust, rather than a traditional forex exchange, because cryptocurrency exchanges understand the market and security requirements better than forex markets. That’s the number one rule to become a successful Bitcoin trader. If you want to become a trader as well, here are some Bitcoin trading tips you need to consider in order to be successful.  However, the fact that the forex market is decentralized and that bitcoin is considered to be a decentralized digital currency does not mean that the two are equivalent. The key distinction is that, though forex exchanges might be decentralized, the currencies themselves are backed by central banks in the countries that issue them. A forex trade is simply an exchange of one currency for another at its current rate. It's the job of those banks to stabilize the value of their currencies and keep them stable.  For comparison, the value of global stock trading is estimated at only a few hundred billion dollars per day. In forex trading, dealing in a decentralized currency that offers global transactions with no fees is an advantage. Because of the popularity of cryptocurrency, a market was born to specifically trade cryptocurrency. Before you consider whether to trade forex using bitcoin, it's helpful to understand how a conventional forex trade works.buy bitcoin via paypal If you’re familiar with forex trading, trading bitcoin is most like “spot” trading a currency pair. However, there will be a time that prices will suddenly go down. Unlike tourists who exchange their home currency for local spending money, forex traders are trying to make money off the continual fluctuations in the real value of one currency against another. Most forex trading is conducted in a decentralized fashion via over-the-counter markets. Because of the popularity of cryptocurrency, a market was born to specifically trade cryptocurrency. In forex trading, dealing in a decentralized currency that offers global transactions with no fees is an advantage. Traders who want to take on that risk should use only a locally regulated forex brokerage. But even though talk about “trading pairs” just like forex traders, trading bitcoin is not like forex in important ways. Having a cut loss and a profit target price will help keep you level-headed in times of pressure during a trade. Then, you start thinking that it’ll still go up and end up not selling. It's the job of those banks to stabilize the value of their currencies and keep them stable.  For comparison, the value of global stock trading is estimated at only a few hundred billion dollars per day. So, it’s also important to set a target to take your profit.