How crypto traders learn lessons from trading different asset classes
Forex trading skills can be used to improve crypto trading performance. Cryptocurrency adoption continues to grow, especially more as of late, as the recent banking crisis has highlighted the challenges of the traditional financial system. Despite all the doom and gloom that came in the first quarter from the Fed’s inflation-fighting rate hike campaign, banking turmoil and growing concerns that the economy is headed for a recession, Bitcoin (BTC) has risen significantly, up to 80% year to date. Many traders seem to believe that the dollar will gradually lose some of its preferred reserve currency status, with crypto being one of the beneficiaries. Newcomers may join the crypto market for various activities, such as staking, yield farming, play-to-earn gaming and more, but trading still plays a central role. Despite the fact that digital assets are a relatively new asset class for private investors to trade and invest in, the crypto market is very similar to traditional trading in some...