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#الفوريكس and cryptocurrencies

What does cryptocurrency and Forex mean?

The cryptocurrency market is a type of digital money that is traded through electronic transactions, where an investor opens an electronic wallet, then buys the cryptocurrency and stores it in the wallet, with the aim of selling it again when the price of that currency rises.

Certainly, cryptocurrency transactions are subject to fluctuations in prices just like foreign currencies, which occur due to specific factors and criteria that affect the digital financial currency market. For example, Bitcoin is considered one of the most famous cryptocurrencies worldwide, where we have witnessed over the past ten years its price rise from a few cents to thousands of dollars.

As for Forex, it is entirely different; it is an enormous financial market, and one could say it is the largest of all, as the latest statistics indicate that approximately 5 billion dollars are traded daily in the Forex market.

Moreover, the volume of financial investments in Forex markets is three times larger than the volume of investments in global stock markets, which happened due to the emergence of central banks and investment funds that facilitated trading for investors in the Forex market instead of the stock exchange.

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