Before I begin this article on Affiliate Marketing vs Forex Trading, let me make it clear that the two online business opportunities are entirely different from one another.
Though it is true that both of them can be the source of your fortune...
Affiliate Marketing and Forex Trading are almost like night and day, and you want to know which is better. I understand that making this decision could be challenging knowing that both opportunities are excellent.
In this article, I will be sharing with you the key differences about Affiliate Marketing and Forex Trading. This way, you can determine which opportunity suits your preference and needs.
So without any delays, let's get down to business.
Affiliate Marketing vs Forex Trading
You might already have an idea about the two business opportunities even before coming here.
But for the off chance that a complete beginner is reading this article, below is a short explanation about Affiliate Marketing and Forex Trading.
In Affiliate Marketing, you make money by building your website and promoting other people's products in it.
You do this by creating high-quality and original contents that talks about your affiliate products (the products that you promote).
When people decide to purchase these products using your affiliate link, you will earn a commission out of each successful sale.
You do not have to own any of these products. You can think of yourself as an advertiser, but you will only get paid once people buy the advertised products on your website.
Learn more about Affiliate Marketing.
The foreign exchange market or Forex is where currencies are traded. All forex trades involve two currencies in pair. This is because you will be betting on the value of one currency against the other.
The most-traded currency pair in the world is EUR/USD (Euro/US Dollars).
EUR, the first currency in this pair is called the "base," and USD is the "counter." In Forex Trading, you will buy/sell a currency based on your prediction about its value movement, whether it will rise or drop.
For example, if you think the EU will increase in value against the USD, you buy the EUR/USD pair. If you believe otherwise (EU will drop in value against USD), you sell EUR/USD.
Learn more about Forex Trading.
Affiliate Marketing vs Forex Trading Comparison
Now that you clearly understand what is Affiliate Marketing compared to what is Forex Trading, let's take a look at the things you have to consider when starting either of the two.
#1 Cost To Get Started
Once you are sure on whether you want to be an Affiliate Marketer or a Forex Trader...
The next thing you might want to learn is how much money you will need to get started.
Unlike the stock market, there is no legal minimum you need to start day trading in Forex. However, the more money you have at the beginning, the more flexibility you will have to make larger profits.
On the other hand, you can get started with Affiliate Marketing with very little money, and you will still "potentially" earn a lot.
You merely have to create a website where you can promote the products of your chosen niche, spend time (a lot of time) to drive traffic into your site and wait.
Do you want to know how long does it take to be successful with affiliate marketing? Click here.
#2 Flexibility and Ease of Operation
In both Affiliate Marketing and Forex Trading, you have total freedom on where, when and how you want to do them.
But I would give a little edge to Affiliate Marketing in the sense that you do not have to monitor it by seconds continually.
You can write a content promoting your affiliate product, publish it on your website and wait for potential customers.
However, you do need to spend a lot of time trying to get traffic to your site and ranking your contents in search engines like Google or Bing.
Meanwhile, trading in Forex requires meticulous monitoring and keen attention to details.
A lot of things can happen within a few seconds in Forex Trading that currency values already dropped or spiked before you even know it.
The plus side though is that if you are doing it right, you could rack up huge profits in Forex Trading within just a matter of hours.
Something that is almost impossible when you are just starting with Affiliate Marketing.
#3 Income Determining Factors
In Forex Trading, your income will rely on how well you can predict the movement of currency values.
This can be possible by experience, learning the trade at heart and on your diligence to monitor every slight rise and drop of currency values.
The volatility in Forex Trading is influenced by competition, the country's economy among others. Things that you have no control over.
In Affiliate Marketing, your potential income will rely on the niche that you choose, your affiliate products, your competition, the quality of your contents and how well you managed to drive traffic into your website.
Fortunately, these things can be managed if you have the will and determination to succeed with Affiliate Marketing.
#4 Earning Potentials
Your income in Forex will depend on the amount that you have at the beginning. When you start trading at $500, your potential day income will be more than starting at $100.
However, most day traders can make $5 to $15 per day off these amounts.
In Affiliate Marketing, your income will depend on the type of products that you promote.
A successful Affiliate Marketer could potentially earn between $2,000 to $8,000 per month, and the figure rises depending on the products that you promote.
If you promote high ticket products, there is a chance that you can earn $10,000 to $20,000 a month or more.
#5 Risks and Challenges
Trading in Forex can be very rewarding, but it comes with some dire risks. This is because many factors can influence the market movement that is beyond your control.
In Forex Trading, you can either hit your prediction and earn tons of money within a short amount of time or lose a lot of it in a poorly placed guess.
On the other hand, the biggest challenge in Affiliate Marketing is building your website's reputation and getting a steady flow of traffic.
To get good traffic on your website will take some time and if you are not patient enough to see it through...
You might entirely miss your chance to earn 6-figures or more with Affiliate Marketing.
To become successful with Affiliate Marketing is not a secret anymore; however, it does require time. A lot more time when compared to potentially making a lot of money trading in Forex.
Base on these risks of Affiliate Marketing vs Forex Trading, which does you think is better?
#6 Success Rate
Due to some external factors in Forex Trading that you can never control, e.g., currency value, economy, etc.,
A vast number of people who engage in Forex trade has lost money in the end.
Of course, there are a few Forex Traders (especially the veterans) who made tons of cash.
On the flip side, I feel that Affiliate Marketing is more suitable for beginners. There are not many variables that impact your income in Affiliate Marketing that you cannot do something about.
Furthermore, you can get started with this Affiliate Marketing Training Course for free!
To learn more about Affiliate Marketing, click here.
While You're Here: Check Out My #1 Online Business Recommendation
As I have stated at the beginning of this Affiliate Marketing vs Forex Trading article, either one can be your ticket towards financial independence.
Unfortunately, either of them can also be the cause of your stress, heartaches and the reason for you to lose money (instead of getting more).
In the case of Forex, you may lose a lot of money if you are continually losing on trades. In Affiliate Marketing, you can lose money by improper management of resources such as paid traffic and advertising.
My Sincere Advice To You
No matter which business opportunity you choose to pursue, make sure that it is something you are genuinely passionate about and it is something that you wanted to do in the long run.
Either you pick Affiliate Marketing or Forex Trading, what matters most is you are determined to see it through.
One thing I am sure of is that if you don't commit yourself, work hard, and dedicate a lot of time to make a business opportunity work; it is most likely that you will fail.
There are proven steps to maximize your chance of success in either of these business opportunities.
But the most effective step of all is to educate yourself.
Another is to have a success blueprint that will serve as your guide in carving your path towards your goal.
Also, just in case you are willing to take a look at other legit income sources in addition to Affiliate Marketing and Forex Trading...
Then you might want to check this out.
Before You Leave: Check Out My #1 Online Business Recommendation
There you have it. My two cents about Affiliate Marketing vs Forex Trading.
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Until next time and I wish you nothing but success in the future.