Which digital currencies are most popular among professional forex traders?

3 answers

• terrisJun 17, 2022 · 3 years ago
  Professional forex traders tend to favor established digital currencies such as Bitcoin (BTC) and Ethereum (ETH). These currencies have a strong track record and are widely recognized in the industry. Traders appreciate their liquidity and stability, which makes them ideal for forex trading. Additionally, Bitcoin and Ethereum have a large market capitalization, making them less susceptible to manipulation. Overall, these two currencies are the top choices for professional forex traders.
  491

  246
• Ken jhi CarilloApr 26, 2021 · 4 years ago
  Among professional forex traders, Bitcoin (BTC) is undoubtedly the most popular digital currency. Its dominance in the market and widespread acceptance make it a preferred choice for traders. Bitcoin's price volatility also presents opportunities for profit, attracting traders who thrive on market fluctuations. Ethereum (ETH) is another popular choice, thanks to its smart contract capabilities and the growing decentralized finance (DeFi) ecosystem built on its blockchain. These two currencies dominate the forex trading scene and are likely to remain popular among professionals.
  584

  195
• PurvanasApr 28, 2021 · 4 years ago
  When it comes to digital currencies favored by professional forex traders, Bitcoin (BTC) and Ethereum (ETH) are at the top of the list. These currencies have established themselves as the leaders in the market and are widely accepted by traders worldwide. Bitcoin's reputation as the first and most valuable cryptocurrency, coupled with its liquidity and stability, makes it a preferred choice for forex trading. Ethereum, on the other hand, offers a unique value proposition with its smart contract capabilities and the potential for decentralized applications. Both Bitcoin and Ethereum continue to attract professional forex traders due to their strong fundamentals and market dominance.
  690

  173