Differences between forex sectors

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Here you can see a large amount of 7.5 trillion dollars, this is the per day market cap of the forex sector, meaning you can understand that there is a lot of money in the forex sector.

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If we talk about our crypto sector, for example, if you come to the coin market cap, you can see that the market cap of the entire crypto sector is currently showing 2.97 trillion dollars. This means that two to three times more market cap is created in the forex sector compared to the crypto sector, and the only reason behind such a large market cap is that people trade a lot in the forex sector. Now since we have been working in the crypto sector for a long time and since we understand the sentiment or market movement of the market, it is very easy for us to trade in the forex sector. Here you will find only a few differences, besides, everything from analysis to strategy, tips is the same. So for this reason we should not ignore the forex sector in any way, today I will discuss that there are some slight differences between the forex sector and the crypto sector and what you need to pay attention to when trading here. I have written down the things that you will find different in the forex sector just to introduce you. The things that you will find different in the forex sector are trading session (London, New York), currency pair, LOT, UNIT, PIP. The forex sector is open 24 hours but these 24 hours are not open continuously because there are several trading sessions here. At some point, people may be trading in the London Session and at some point, the New York session is open, so in this way, one or the other session is open in 24 hours and if you want, you can trade here for 24 hours. Then the second difference is that we trade on coins in the crypto sector and in the forex sector, you can trade on currencies of different countries. Then an important term is LOT, you can compare it with the amount of crypto currency, that is, when we buy a coin, we can say that I bought sol coin for 100 dollars, but when you trade on the currency, you cannot normally say that you have bought so many currencies or so many dollars of currency. Because currencies cannot be bought, you cannot buy money if you want, as a result of which we have to calculate with LOT and there is also a difference between these LOTs such as standard, Mini, micro LOT. Then PIP means when we buy any coin in crypto currency, for example, we bought near coin for 2 dollars, so when the price of near coin touches 2.5 dollars, we can say that near has pumped so many percent. But since we will trade on currencies in the forex sector and we all know that the price of currencies does not increase much. For example, you will never see the price of us dollar is 1 dollar today and becomes 2 dollars tomorrow, as a result of which we will not be able to calculate our profit in this way. For this we have to calculate with PIP in the forex sector. If after opening a trade in the forex sector, that currency changes by one PIP then you will get a profit of an amount according to your LOT and if from there it changes by two PIP then you will get a little more profit according to your LOT. That means the more PIP you hit after opening a trade, the more profit you will get.

Today's discussion concludes here. I hope you've found it interesting. Please share your thoughts on today's topic. Prayers for everyone. May everyone be well. Amen.


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