Everything that economic experts predicted did not meet expectations. This once again showed that the modern world is firmly on its feet. And this whole pandemic turned out to be just a tool in the hands of the world government.
Everything that happens with the world economy affects the market, that's why following the news and important world events is the main task of those traders who prefer long-term trading activity and use fundamental analysis for it. Of course, it's difficult to watch for the news every day because you also should have some time on traing activity and it's the main issue of such traders. They can't distrubite their time wisely and they can't trading not reading the news. I suppose in such situations people have to work on their psychology. It will be enough to create a special schedule whhich you must comply with.
Nobody knows about the future and it's better stop thinking about it. Surely, we can predict some of the minor events which will happen with ourselves and plan out lives correspondingly, but the global future is still unknown. Everything might happen in several weeks in the world and some of the events may be very huge and important, however, as for trading or investing, the best strategy will be to react to the changes which we observe right now without asking ourselves, what will happen in the future.
I keep hearing rumors that we’re about to go into another lockdown in the US, not sure if it’s true but hoping not as it will definitely have another negative impact on the economy. Just helping to put small businesses out of business while mega corporations keep all the profit for themselves. I’d expect this to have ripple effects if it does happen.
That is an arguable thing because there are no people who can see the future. Everything might happen and it is impossible to prepare for it, I am talking about the black swans. They are game changers and affect the situation dramatically. So, my position is that it is early to say about crisis in such a situation when a single event can lead to different outcomes.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.