Coronavirus Vs. FX Trading
The economic impact of Coronavirus is causing a reduction in travel, business’ and economies to slow down, and huge losses to stock market valuations. It’s also creating a wave of fear & uncertainty.
So how does this affect FX trading?
FX trading isn’t about people making “stuff” in factories. It doesn’t rely on products being shipped around the world, nor sold in shops. FX trading doesn’t have a supply chain that’s being disrupted, or customers that can’t get to buy their product.
FX trading is about buying and selling currencies to make a profit. For us, trading is done via computer, within a market that’s vast. With a multitude of different currencies.
Whilst this is a tough time to be invested in equities, its an ideal time to be trading currencies.
For more information: www.accruvis.com