The world of investing is changing rapidly. These days, investors don’t have to see a broker face to face to make an investment; it can be done online. Another thing that’s changing rapidly is the types of investment vehicles that are available. With that said, below, I’ll let you know what my three favorite investment vehicles are and why. So, let’s get right to it…
Binary Options Trading
First and foremost, most of my investing is done through binary options. That’s because I enjoy the fast returns and high-energy environment associated with binary options. This investment vehicle is also incredibly unique. When trading binary options traders aren’t actually purchasing shares in a stock, commodities, or even currencies. In reality, nothing is being purchased at all. Instead, binary options traders are simply making predictions. It’s up to them to decide whether an asset is likely to move up or down over a predetermined period of time; known as the expiry period. If the trader’s prediction is correct, they stand to earn gains of up to 81%. If the prediction is incorrect, the option will expire valueless.
Unfortunately, binary options trading has a bit of a bad reputation. Not because it’s a bad way to invest, but because it’s relatively new, misunderstood, and there are several brokers known for taking advantage of traders. With that said, if you plan on trading binary options, it’s important that you protect yourself by ensuring that the broker you choose is licensed and regulated. Two of my favorite regulated binary options brokers are anyoption and TopOption. So, if you plan on trading binary options, these are two great brokers to start with.
Forex Trading
I also enjoy forex trading. Forex stands for foreign exchange. So, essentially forex traders are trading currencies. The reason I enjoy forex trading is that unlike stock trading, forex traders have the ability to profit no matter which direction the value of a currency moves. If the trader believes that the value of the currency is likely to climb, the trader goes long. However, it’s also possible to make a profit through shorting a currency that is expected to see declines. Another thing I like about the currency trading market is the fact that it’s highly volatile. After all, high volatility generally turns into multiple profitable opportunities throughout the trading session.
However, it’s important to remember that high volatility can also equate to increased risk for investors that aren’t well-versed in the world of forex trading. With that said, if you’re looking to get into the forex trading market, it’s important that you do your research and get a solid understanding of how leverage works, what causes movements in the value of currency, and what strategies you can employ to help you avoid making risky decisions.
Stock Trading
Finally, one of the best investment methods out there is old fashion stock trading. The reality is that this investing vehicle is tried and true; and it’s how many people have went from poverty to wealth. Stock trading is simple. The idea is to look for stocks that are building in momentum, buy those stocks low, and sell them high; generating a profit on the spread. However, the profit associated with trading stocks is generally far lower than the profit realized when trading binary options or currencies. So, it’s definitely an investment vehicle that requires the driver to have patients.
Final Thoughts
The three investment vehicles above are my favorite ways to make money in the market. While they are all incredibly unique, they do all have one thing in common…I’ve been successful taking advantage of each and every one of them. However, these aren’t the only investment vehicles out there. So, if you’re new to investing, do your research and find the investment vehicle that fits you best!