I’ve been considering different investment options lately. Both the Forex and Cryptocurrency markets have caught my eye. They both have unique aspects particularly attractive to me. With Forex, there is high liquidity and ease of access. On the other hand, Cryptocurrencies represent a burgeoning market with potentially high returns on investment and increasing acceptance globally.
I am having difficulty, however, understanding the nuances of these two markets. For instance, how do the factors influencing market volatility compare between Forex and Cryptocurrency? Is the risk level with Cryptocurrency, given its relatively recent arrival, significantly more than Forex trading? I’m also looking to understand how the costs and ease of trading differ between the two.
I’d like to get your opinions on this: Is it better for a relatively new investor to start with Forex trading, given its established track record, or should I jump straight into Cryptocurrency investments, banking on their potential for significant rapid growth? I’m willing to withstand a certain level of risk, but I also want a decent return on my investment. Lastly, if I decide to follow the Cryptocurrency route, which particular one(s) would you recommend based on past performance and future potential?