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Coronavirus outbreak - markets

Elias (Elias64453)
Mar 04 2020 at 11:27
12 posts
I also noticed a panic and an outbreak of this virus. everyone needs to calm down and not panic

vontogr (togr)
Mar 04 2020 at 11:55
4862 posts
The problem with coronavirus is not marginal.
About 3.5% of infected dies.
It is very infectious so you can get it easily.
Infected person might have no sign of infection and can spread the virus to manu other persons.
On the other hand there is no need to panic, you cant just stay home for next 3-10 years

Tony Pipsy (Kingace)
Mar 04 2020 at 12:01
41 posts
Freddy123 posted:
I think we all will die from it.


HAHAHA.....In that case, i am better off withdrawing my capital and going on an expensive vacation in South Africa...Maybe that's exactly what i will do

Proverbs 22 vs 29
vontogr (togr)
Mar 05 2020 at 13:03
4862 posts
Kingace posted:
Freddy123 posted:
I think we all will die from it.


HAHAHA.....In that case, i am better off withdrawing my capital and going on an expensive vacation in South Africa...Maybe that's exactly what i will do

Get money and go to some deserted island,
you dont die from Coronavirus but from one of many other reasons :)

swaggering
Mar 06 2020 at 10:45
10 posts
Corona virus is serious stuff. Estimates are that 50% of the world population will get it and 2% will die. That is 70 million people.

10% of people who get the virus are expected to need hospitalisation. That is 350 million people, Do you think the worlds health systems care can handle that?

The virus and governments reaction to contain it will cause huge economic disruption which will tip US and Europe in to recession. The economic situation then spirals downwards...…welcome to the next downturn




PeteLanceley
Mar 06 2020 at 12:16
62 posts
togr posted:
Hi there,

is it just me or anybody else is having trading issues due to Coronavirus outbreak?
I hate such events; Brexit were messing with trades for a long time and Covid could be even worse...


It's one thing after another, Brexit, trade war, Iran, Corona Virus. I'd love to know what it was like to trade in stable market conditions!

TheGreatRecycler
Mar 09 2020 at 12:31
10 posts
Stable markets are boring. No volatility. Markets need a little excitement to get them moving

vontogr (togr)
Mar 09 2020 at 13:37
4862 posts
Markets are crashing.
The CME has halted pricing as U.S. markets fall
Hello ,
 
Pricing on U.S. indices has been disabled by exchanges following a significant plunge. It is expected to be a temporary issue, however, this means the total market impact won’t be clear until pricing resumes. As there is no price to fill positions at, open trades cannot be closed, and new ones cannot be opened.
What happened?
Earlier today, exchange circuit breakers were triggered after a 5% drop in U.S. stocks — the maximum markets can fall overnight. Saudi Arabia has waged an oil price war against Russia, resulting in the worst trading day for oil in almost 30 years.
 
How long will this last, and what happens next?
It is unclear, but we expect a resolution from exchanges throughout the course of the day. When pricing resumes, orders will be filled at those current market prices.
Will this be a once-off?
Pricing may come and go until the market normalizes.

vontogr (togr)
Mar 09 2020 at 13:37
4862 posts
Dear Trader,
The market is currently experiencing high volatility. It’s important you monitor your positions, ensure you have funds available, and appropriate risk management in place to reduce the impact of gapping risk on your portfolio.
 
What should you do?
IC Markets urges its clients to take precautionary measures in relation to
This includes:
Assessing and reducing risk exposures;
 
Setting stop levels;
 
Monitor your positions closely.
Furthermore, additional funding may protect any open positions being affected (for example; margin calls) from large adverse movements in the market.

Tony Pipsy (Kingace)
Mar 11 2020 at 14:42
41 posts
togr posted:
Dear Trader,
The market is currently experiencing high volatility. It’s important you monitor your positions, ensure you have funds available, and appropriate risk management in place to reduce the impact of gapping risk on your portfolio.
 
What should you do?
IC Markets urges its clients to take precautionary measures in relation to
This includes:
Assessing and reducing risk exposures;
 
Setting stop levels;
 
Monitor your positions closely.
Furthermore, additional funding may protect any open positions being affected (for example; margin calls) from large adverse movements in the market.


Stay glued to your systems, as you know, there is no holy grail, there are bad times as well as good times, just continue to grind and set your eyes at the ultimate price, i wish you good luck.

Proverbs 22 vs 29
KQad
Mar 12 2020 at 08:25
16 posts
European markets close lower as coronavirus concerns persist; Bank of England cuts rates

vontogr (togr)
Mar 12 2020 at 09:09
4862 posts
Kingace posted:
togr posted:
Dear Trader,
The market is currently experiencing high volatility. It’s important you monitor your positions, ensure you have funds available, and appropriate risk management in place to reduce the impact of gapping risk on your portfolio.
 
What should you do?
IC Markets urges its clients to take precautionary measures in relation to
This includes:
Assessing and reducing risk exposures;
 
Setting stop levels;
 
Monitor your positions closely.
Furthermore, additional funding may protect any open positions being affected (for example; margin calls) from large adverse movements in the market.


Stay glued to your systems, as you know, there is no holy grail, there are bad times as well as good times, just continue to grind and set your eyes at the ultimate price, i wish you good luck.


That is not the way I work.
If the risk is too high it is better to avoid trading.

swimmable
Mar 16 2020 at 17:19
11 posts
Markets have been dead for months with rubbish price movements, now we have bit moves every day. This is the time to make some big gains. yes we must be cautious but there are good price moves to be taken advantage of

Tony Pipsy (Kingace)
Mar 16 2020 at 17:29
41 posts
swimmable posted:
Markets have been dead for months with rubbish price movements, now we have bit moves every day. This is the time to make some big gains. yes we must be cautious but there are good price moves to be taken advantage of


I TOTALLY AGREE

Proverbs 22 vs 29
vontogr (togr)
Mar 16 2020 at 18:30
4862 posts
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.

Tony Pipsy (Kingace)
Mar 17 2020 at 08:37
41 posts
togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.


That's why there's provisions for Stop Loss and Trailing Stop

Proverbs 22 vs 29
vontogr (togr)
Mar 17 2020 at 09:42
4862 posts
Kingace posted:
togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.


That's why there's provisions for Stop Loss and Trailing Stop


You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet

Tony Pipsy (Kingace)
Mar 17 2020 at 14:28
41 posts
togr posted:
Kingace posted:
togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.


That's why there's provisions for Stop Loss and Trailing Stop


You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet


A Stop order should execute, no matter the volatility, that's why it's recommended we use a reputable broker

Proverbs 22 vs 29
Adrierin
Mar 17 2020 at 18:29
24 posts
I have not misssed any of my trades for the moment but I am sure that something will come up very soon. I am prepared for all situations. The corona virus is definetly stopping many important activities and I am sure that trades also have to be affected

vontogr (togr)
Mar 17 2020 at 18:37
4862 posts
Kingace posted:
togr posted:
Kingace posted:
togr posted:
Markets are not following any trading pattern. It is not corresponding to trading as we know it.
Yes you can make nice profit which could wiped out by very big fast movement.


That's why there's provisions for Stop Loss and Trailing Stop


You know nothing John.
Sometimes even SL are not executed, as far as I recall Swiss bullet


A Stop order should execute, no matter the volatility, that's why it's recommended we use a reputable broker

There are events like this when your SL does mean nothing
The dramatic surge in the Swiss franc in 2015 was due primarily to one key event early in the year. On January 15, the Swiss National Bank (SNB) unexpectedly removed the peg of 1.20 francs per euro. In the initial reaction to the news, the Swiss franc rallied a massive 30% versus the euro and 25% against the US dollar. The move caused major upheaval in the markets and even forced some foreign exchange brokers out of business.

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