What is forex and what is cryptocurrency?
the forex tradingwhich is based on buying and selling currency pairs and cryptocurrencies, which are based on digital currencies or virtual currencies, are very similar.
These two complex asset classes, which grow rapidly with profits expressed in thousands of dollars, present many advantages but also some risks.
What is Forex?
the Forex (for Foreign Exchange Market in English), also known as ” foreign exchange market or FX an international over-the-counter market (OTC), where investors sell pairs of global currencies at an agreed price.
Considered the largest and most liquid market in the world, the forex market allows individuals, businesses and central banks to convert funds from one currency to another for their international business transactions. The forex market operates 24 hours a day, 7 days a week.
What is forex trading?
the forex trading is the activity of taking a position on changes in the prices of currencies against each other (in pairs) in the financial market. Investors try to take advantage of the up and down fluctuations in the price of currencies to make a profit, by buying or selling one currency against another.
Discover forex trading on IG
With gheeIt is now possible to trade Forex through Turbo24s, which are the first turbos in the world that are available 24 hours a day with uninterrupted access to the financial markets, from Monday to Friday, even if the underlying markets are closed.
By trading Forex on Turbo24 on IG you pay no commission and you are not exposed to any currency risk because everything is traded in Euros.
Note that forex trading can result in gains and losses, so you should choose a broker that offers appropriate risk management tools.
Trade major, minor, exotic and regional currency pairs on IG through Turbo24 by opening a live trading account.
Learn how to trade forex on IG
What is Cryptocurrency?
the cryptocurrencies are digital or virtual currencies that can be exchanged or traded like any physical currency. They operate independently of central banks and governments. There are many cryptocurrencies emerging (such as bitcoin (BTC), ethereum (ETH)) with different characteristics and applications.
Learn more about cryptocurrencies
What is Cryptocurrency Trading?
the cryptocurrency trading involves trading the price fluctuations of a cryptocurrency using a trading account, or buying and selling the underlying currency through an exchange.
Trade bitcoin, ether and litecoin on IG by opening a live trading account.
Investors buy cryptocurrencies on exchange platforms (a kind of virtual stock market) and place them in a “crypto-wallet” or electronic wallet. If a user wants to sell cryptocurrency units to another user, he must send them to the latter’s virtual wallet.
Learn how crypto trading works on IG