August 31, 2023
In online gaming, few titles have garnered as much global attention and devotion as Fortnite. Since its debut almost a decade ago, this game has become a cultural phenomenon, boasting a daily player base of over 30 million. And it’s no wonder why: Fortnite combines exhilarating action with clever strategies that keep players hooked as they battle against 99 opponents on a deserted island.
But here’s the thing: there’s a hidden side to Fortnite that goes beyond what meets the eye. Imagine taking the clever strategies used in Fortnite and using them in a completely different world: gold trading. It might sound unusual to connect the two, but the tactics that make Fortnite players successful can be the same ones that help you succeed in trading gold.
Keep reading to uncover just how your Fortnite skills might help you conquer the gold market in the near future!
1) Optimising Resource Management
Resource management is a skill in Fortnite that separates the best from the rest. Take Bugha, Veno, and Queasy, for example. Their success isn’t just about their incredible aim; it’s also about their ability to allocate resources like wood, metal, and bricks effectively.
Interestingly, resource management is equally important in gold trading. Unlike many other financial instruments, gold is known for being a relatively stable asset. While this means it tends to retain its price when markets are dipping, it also means that upside is limited when markets are booming.
This being the case, traders should be mindful of how much of their capital they allocate to gold. If done prudently, exposure to the gold markets could hedge against inflation, mitigate downswings in times of turbulence, and ensure healthy capital management for sustained trading success.
2) Formulating Strategic Plans
The best Fortnite players possess the talent to construct defensive structures in accordance with a defined game plan. Whether it’s fortifying defences in the endgame or gradually developing structures throughout the game, everything they do is timed, precise, and carried out with a specific purpose in mind.
Similarly, gold trading requires the same sort of strategic thinking, given the number of factors that can impact its price. Given its reputation for stability, the demand for gold tends to surge in uncertain economic conditions Additionally, as gold is priced based on the dollar, any price movements for the dollar can typically also result in an inverse movement for gold.
Much like Fortnite players have to plan their approach to the map from the moment they drop, traders must hence also develop a long-term plan for their gold investments. Doing the necessary research and pre-planning to spot volatile market conditions or likely dollar movements can often pay off handsomely.
3) Adapting to Change
From the moment a Fortnite player steps foot on a map, they are thrust into a world of infinite possibilities. With randomly spawning supply drops, frequent map and weapon system updates, and a multitude of strategies from fellow players, the game always presents new challenges and surprises. As a result, Fortnite players must not only enter the game with preconceived strategies but also cultivate adaptability to navigate ever-changing environments and opponents.
Similarly, gold traders face analogous experiences in their trading endeavours. Aside from broader macroeconomic factors, the price of gold can also be heavily influenced by short-term trends and day-to-day news. As a result, traders must always remain vigilant and be prepared to adjust their strategies accordingly.
For anyone entering gold trading, staying abreast of market news is imperative. By ensuring comprehensive coverage of potential entry and exit points, traders can stay ahead of the game even in the face of changing conditions.
4) Teaming Up for Victory
Fortnite is not limited to solo gameplay. For those who enjoy the complexity of teamwork, there are various game modes available. Modes like 50v50 or Beach Assault allow teams of players to compete against each other, fostering coordination and cooperation. Meanwhile, duos—where pairs of players battle it out—offer a classic Fortnite experience.
These cooperative modes provide a refreshing break from the often toxic and individualistic nature of ambitious solo players and the ranking system they live and die by.
Similarly, while gold trading might be perceived as a cutthroat activity, it can also be a rewarding collaborative experience. By connecting with industry experts and gaining valuable insights and skills, traders can often expand their horizons and become more successful in the markets.
Additionally, participating in networking events and engaging with trading communities can lead to the creation of new friendships and an invaluable support network for dealing with the stresses of trading.
5) Perfecting Your Timing
While Fortnite games can go on seemingly forever—to the chagrin of mums and spouses across the globe—being able to manage your time is still an indispensable aspect of getting good at Fortnite.
Anticipating supply drops is often the deciding factor for many players, especially as they reach the end game when resources have been exhausted. The precise timing of weapon usage is also crucial, as a single misfire can be fatal and shatter battle royale dreams within seconds.
With gold being one of the oldest and most traded assets globally, there is an abundance of historical charts and data available for developing trading strategies. Traders who are willing to utilise technical analysis and historical data might find a potential edge on the rest of the market when deciding when to enter and exit a position.
Ready to put these tactics to the test and trade gold like a Fortnite champion? Open your VT Markets trading account here and secure your victory royale.
