Traders are always seeking the best opportunities to make a profit. Forex is the most liquid tradable market, and it has many traders, both retail and institutional. However, many traders have switched to or included cryptocurrency trading in their daily activities. Why is that?

Familiarity

As with every other line of work, one has to know the ins and outs of the business in order to fully immerse oneself in it, especially when money is on the line. Cryptocurrency markets are, after all, another currency market with good enough liquidity and amazing volatility. The profit potential is amazing, and the average investor is still undereducated. If low institutional involvement is included, this creates a perfect trading space.

The potential downside is that not all platforms offer the same options when it comes to trading. Most cryptocurrency trading platforms offer sub-par options when it comes to technical analysis and order-making. Luckily, platforms like PrimeXBT offer all of the options needed to perform technical analysis without any hiccups.

Variety

When it comes to forex trading, there is not much variety. Certain pairs are pegged to one another price wise, and there are only a few tradable pairs. However, there are hundreds and thousands of cryptocurrencies to choose from when it comes to trading. They all try to solve a different issue and are built in a different way, making people who do proper fundamental research along with the technical analysis prone to profiting immensely from the crypto markets.

Volatility

As previously mentioned, cryptocurrency markets are liquid enough to make the liquidity argument in favor of forex invalid. However, as volatility is the lifeblood of every trader, cryptocurrencies suddenly become quite an interesting asset. The volatility is amazing and can be further leveraged through platforms such as PrimeXBT (which offer up to 100x margin trading) to create profits unheard of in the forex trading community.

Non-retail involvement

Less institutional involvement brings lower liquidity but also brings more opportunity for retail traders to grab a piece of the profit pie. Forex markets are flooded with automated trading algorithms (Bots) which are created and perfected by institutional traders. They have a great advantage when it comes to trading as they are lightning-fast, are usually located extremely close to the servers in order to get their orders extremely fast, and are constantly watched over by professionals. Crypto market, on the other hand, is much more casual, as the cryptocurrencies as an asset class are still in expansion and development, and many people are still uncertain of whether they should enter the market.

Regulation

When compared to forex, cryptocurrency markets are much less regulated. This gives many platforms a chance to rise and try to offer the best options for the traders, as it is much easier to create a cryptocurrency trading platform than a forex brokerage firm. However, quantity does not mean quality. Only a few exchanges are actually offering innovative and good options to their customers. PrimeXBT offers their traders 100x leverage, among other options, making it much easier to start with less money and profit more from small movements in price.

Uptime

Quite simply, cryptocurrency trading occurs every day, every hour and every minute. There is no downtime. Forex markets, on the other hand, are not tradable on weekends. Why should a trader lose two trading days a week, just because it is a weekend? Most retail traders are trading only part-time, and this gives them the option to be more involved in trading, as the markets are available and tradable at all times.