How to make money on the US elections using the stock exchange
There is a certain category of traders on the exchange who do not trade every day, but open deals only at the most opportune moments.
This approach allows them to guarantee a profit, while minimizing the risk of losing money. The key is to spot the opportune moment and choose the right asset and trade direction.
The US presidential election in the fall of 2024 is one of the best times to make money, and it would be a shame to miss out on such a rare event.
The peculiarity of the upcoming presidential elections in the United States is that quite a lot depends on their outcome, including global economic stability.
Since the beginning of this week, the price of gold has already risen from $2,749 per troy ounce to $2,780 and is steadily rising:
Gold has always been a safe haven, and in the current situation, the precious metal is in huge demand. Since Monday, the volume of open gold transactions has increased significantly, which only confirms the upward trend .
To make money on gold now, simply open a buy trade with one of the gold trading brokers and close it after the elections are over and the situation begins to stabilize.
In the most optimistic scenario, the price of gold will slow its growth after the election results are confirmed; in the event of unrest, the precious metal will continue to rise.
Another promising asset that is showing strong growth today is Bitcoin. This cryptocurrency has a direct correlation with gold and is also often used to store capital in volatile markets.
The price of Bitcoin has already surpassed the $72,000 mark per coin and has consolidated at this level.
Many investors are choosing Bitcoin in hopes of further growth, as the most optimistic forecasts suggest the coin could rise to $100,000 by the end of 2024.
You can open a Bitcoin trade with cryptocurrency brokers.
