The difference between forex and cryptocurrency
Cryptocurrency is less affected by local political events than traditional currency trading. But cryptocurrency can still be volatile. This means that there's a big opportunity to make a profit, but it comes with increased risks.
The two markets – forex and cryptocurrency – are similar in that traders buy and sell currencies online. But the difference in volatility means traders have to rely on different strategies in order to make a profit.
Whereas forex traders tend to make many trades at speed, crypto traders tend to buy currencies and then leave them to go up in value over time. Investing in cryptocurrency therefore requires more of a long-term strategy.