First, let us take a look at 2020 and see what happened there. I think we can all agree that things not only got crazy with the Covid Pandemic, but we saw a stock market go super wild after the mass dumping in March 2020. In early March, people were running for the exits. However, there were a lot of people who took the opposite approach and jumped in on stocks while they were down. In fact, the world created many new wealthy people because of it.
Over the next 8 months, we saw the markets make gain after gain. Some stocks in the open market were making ridiculous returns. This was a time like no other if you were fortunate to catch apiece.
What does all of this mean for 2021?
This is a legit question that has multiple opinions. Just like in March, there are people that think we are due for a major selloff. There are also people that say that there are over 2 trillion dollars on the sideline just waiting to be invested. The ideal position is to see that trillion dollars make its way into the market when we do see a pullback. A lot of times when there is that much to go to work, the pullbacks will be smaller and smaller. Taking advantage of the right time to enter is a tough proposition.
How to Trade the Open Markets?
You don’t necessarily need to invest long term to get into the markets. You can trade any of the instruments on a daily basis or even on a binary basis. Brokers around the world will help you get started. A place like IQoption will definitely get you involved in whatever market you want to trade. Always be aware of the risks, but this will get you off the sidelines so you don’t miss out.
Let’s Not Forget Crypto
With a raging comeback in 2020, Bitcoin and other cryptocurrencies have made crazy new highs. This was the year to get back in if you left in the first place. A lot of people who bought in 2017 are very happy they held come 2021. The nice thing is, if you don’t want to invest in these instruments, you can certainly trade them at one of the broker’s lists on this site. You have many ways to do this as well. It only takes an open account to get started.
At this stage, no one knows what will happen to the overall market. You can speculate all you want, but if you just want to trade them and not worry about long-term investing binaries, CFDs, and cryptocurrencies are the way to go. The fun part about all of this is, you can stop at any time and move back into longer-term investing. This is what you should do. Just make sure you speak to a professional to help you make the right decisions. You can also just trust yourself and make that decision for yourself.
Good luck with all of your trading in 2021. Just remember to know your risk and be smart about your money.