eToro market forecasts for 2018

eToro Market Forecasts For 2018

eToro Market Forecasts For 2018

Last year was a very interesting one for investors, primarily because of the rise of cryptocurrencies on the global market. Will that trend continue? Probably, but there are other things you need to be careful of when looking for investment opportunities because other industries will go through interesting changes, too. The year is still young, there is plenty of time to plan your strategy, but to give you a hand in all of that we have some very interesting eToro market forecasts for you. What is special about them is the fact that they are made by the most prominent traders coming from the broker’s big community. So, read on and see what other people think you need to keep your eye on.

eToro market forecasts: Cryptocurrencies

We will divide these eToro market forecasts into two parts. In this first one, we will be talking about cryptocurrencies. So, what do the best traders on eToro’s platform have to offer in terms of advice? Well, the first thing is that the Bitcoin boom we experienced in 2017 is far from over. The most popular virtual coin will rise once again, they say, and it will bring along others, especially Ethereum, along for the ride. Yes, Ethereum could very well see its value go up almost three times (up to about 2,400 USD), and various tech companies will continue to pour their resources into this new technology. That seems like a very reasonable prediction, especially given how much popularity blockchain technology is gaining, so we too would advise you to keep your eye on the tech sector and cryptocurrencies.

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eToro market forecasts: Commodities and fiat currencies

Moving on, let’s take a look at the more palpable assets. First of all, some eToro traders think USD index could go through the roof, plus the USD/CHF currency pair could become increasingly popular. The greenback will certainly be an interesting asset to follow in 2018, primarily because of the political situation in the country, but whether or not its index breaks out remains to be seen. A very smart tip is to monitor the Brexit negotiations in Europe, which could have huge consequences for the GBP, but also for the EUR. Traders oriented towards commodities point to platinum as the next big thing on the market, especially if you’re planning to make any long-term investments. In the end, the decision is up to you, but these are some really good suggestions.

Conclusion

As you can see, eToro market forecasts for 2018 made by their most successful traders are quite intriguing. There is a lot to keep an eye on, especially if you’re into currencies, be it virtual or real ones. The year ahead of us promises to bring a whole lot of new opportunities for profit. And if you want to ask the community that came up with these suggestions anything else, all you have to do is open an account with eToro and join the conversation. Do that, and you will have literally millions of people to talk to.

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Author: Ben Prescott
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