The 2 Best Ways to Invest Your Money

If you love gaming, you´re good with computers and smart about likelihood. You are venturesome, curious and objective. You know how to keep a cool head when others would already freak out, pull the plugs of their game console and curse. These traits make you a good gamer, but they´re also the basis of successful investments.

Money doesn’t make you happy. That much is true. But money does make your life easier. That’s why all of us want our capital to enlarge. Even though the funds may be stowed away safely in our bank account, classical savings don’t do anything for us. Due to low interest rates, they sometimes don’t even cover inflation. If you really want your money to become more, try the following assets.

1.  Forex Trading

The forex market is one of the most volatile and exciting exchanges there are. There, you can purchase money in a foreign currency and hold it until it has gained value in relation to your initial currency. Forex is short for foreign exchange, where currencies are offered in trading pairs like USD / EUR.

Many active and eager traders love investing in foreign currencies, but follow a different approach: Instead of purchasing foreign money and keeping track of the price development, they invest in currencies without even buying any. How does that work? CFDs and digital options are the buzzwords.

What Are Binary Options and CFDs?

Both CFDs and binary options are financial contracts. CFD is short for contract of difference. When investing in a CFD, you make a prognosis on how the price of the currency in question is going to develop. If your estimation and therefore the foretold difference in price do come true within a certain period of time, you make profits. In order to enlarge the profits, which are often based on the smallest fluctuations of the fourth decimal digit, you can use leverage. By borrowing money from the bank, the contract value becomes a few times higher than it would originally be. This leverage effect also goes for your winnings or losses.

Binary options are a little riskier, but can be extremely lucrative. A binary option only has two possible outcomes: Either you were right about your prediction and receive money or your contract becomes valueless and you get nothing. Either way, one party makes high profits. As you can imagine, due to this high financial motivation, there are a lot of black sheep and scammers out there. Therefore, legit brokers are hard to find. Read ourtest of binary options brokers to find out which ones are reliable.

2.  Cryptocurrencies

You may have learned a lot about blockchain technology already. If you have, you are aware that, one day down the road, blockchains will change our everyday life. They´ll substitute old-fashioned database solutions and bring more safety by decentralizing valuable information or even money – without being dependent of governments, banks or other central institutions.

It is obvious that cryptocurrencies will be following a strong upward trend for the next few years. As they are tightly connected to their specific blockchain, their success depends on their blockchain just as much as the success of the blockchain depends on its cryptocurrency. A decade ago, investors were skeptical about Bitcoin – just look where the crypto flagship is today. Imagine you had invested in the Bitcoin blockchain back then and purchased coins for less than 1 USD: You´d be a self-made person today.

There will be many more chances like the one with Bitcoin. As a gamer, you might even be interested in other modern forms of crypto investment:Cryptomining or NFTs for crypto art. It basically means that you buy a digital product like a collectible or an entire video game and receive the right to sell it. The NFT, short for non-fungible token, is your proof of ownership. If the digital product becomes more valuable, the value of your NFT rises, too.