News mostly affects cryptocurrency the most. You won't really have situations that could affect forex to that extent but at the same time all of them are generally risky. You need a whole lot of experience to be able to get them accurately.
There would always be a need for us to learn, relearn and open our minds to new discoveries and innovations and that's how we grow. Most people envy those earning up to a hundred dollars daily without considering their years of trial and error.
Probably, nobody actually became successful overnight. if you see anyone who is successful on the internet then the person have worked very hard for a long time.
A proof of that is actually in the YouTube channels we see today that are successful, you will notice that the channel have been around for so many years before it became successful and that's just the product of consistency.
That is the thing about investing in virtual currency market,there are lots of things that can make the market swing,it could be that government policies can change and before long the prices of a coin would just be affected.
Definitely, consistency is what will make you to succeed in anything you are doing whether you are into YouTube or affiliate marketing or any other business. If you're the kind of person that easily give up you will not succeed.
Everybody now do not have time . They are all interested in different ways to make money very fast without any inconveniences. They fail to understand that the world will not be an easy path.
If I'm in a position to choose between cryptocurrency market and the forex market, I will definitely go for the former. There's someone who told me trading in Forex is way easier than trading in the cryptocurrency market and I'm still yet to understand.
YouTube is not something that will make you money immediately. It is just like blogging because you need some level of consistency and you also need to upgrade your knowledge daily.
Well , that may be true but when you are investing in this cryptocurrency of a thing, you needs to read and understand some of the characteristic of cryptocurrency generally before you made up your mind to invest. That would help you organise face what will happen.
I understand that the same concept is usually used between forex and crypto currency but there are two financial markets that are driven by two different kinds of narrative.
Yes, there are many cryptocurrencies that are created with the aim of defrauding investors and simply when they are ready to throw away the scheme they do a rug pull and everyone gets trapped. I generally don't invest in these cryptocurrencies because I don't trust them right now I invest in Bitcoin ethereum and some other of the top 20.
I think cryptocurrency is easier to learn as a beginner to trading. It also is more volatile, which can be a double edged sword that will make you money or you lose a lot.
It is difficult to choose between crypto trading and forex trading because each has pros and cons. Crypto trading has the possibility for significantly larger rewards, but it also carries a higher degree of risk. Forex trading, on the contrary is steadier and has relatively low risk concerns.