The start of 2021 has certainly seen a huge shift in many different markets as after a difficult year many have started to explore alternative options – whilst not all are guaranteed, exploring many of the bigger options may have something of interest and a way to make a little extra. But where are the biggest financial opportunities that have come from the start of the year, and could they look to stick around for a longer period of time?
(Image from europefx.com)
Growing options in retail trading – It doesn’t take paying much attention to be more than aware of all of the news swirling around the many different retail trading platforms and everything that has occurred over the start of this year – the likes of GameStop have been on a bit of a wild ride with prices going from lows of $20 to highs of over $400. Whilst there has been a little drama with how some of the retail trading platforms handled the crazier period, things have since settled down and shown that many can approach the market very differently. It is a bit of a gamble particularly at this period of time many of the trading options are moving based on larger communities rather than reactions to the market, and this is important to keep in mind if you’re hoping to change your financial future here.
Exploring opportunities in crypto – The big crypto market hasn’t gone anywhere either, or in many instances has only strengthened its position. One of the biggest crypto trading markets of Coinbase recently went public and being valued higher than even oil giants such as BP, it shows just how far the crypto market has come as a whole. Whilst the big names like bitcoin may be a little less accessible given the currency had recently passed $60,000 for the second time, there are smaller coins that are gaining a bit of traction and having the price strengthened whilst being a little less volatile. Newer markets in crypto such as NFT’s may provide an opportunity too, although a little more complicated than it needs to be and still going through its earliest form, big sales have shown a lot of interest in the market.
Throughout this year there will certainly be many coming forward and stating their own tips to how they’ve strengthened their own finances, the different markets they’ve explored and all of the alternative financial options too so there may be many more options to explore, the challenge is finding the one that not only works best for you but provides the least risk whilst exploring the options.
