ETF trading at Olymp Trade explained
ETFs, Exchange Traded Funds, are one of the most popular investment instruments in the world. They allow traders to invest in many companies with even small initial capital. Let’s ...
Profitable Forex Trading Opportunities during Financial Crisis with Olymp Trade
Covid 19 and the global economic crisis that has evolved this year has created significant challenges for businesses and traders in every country. Additionally, millions of companies have had their sales, profits, payroll, and debt management affected severely. Nationwide lockdowns, shortages of medical supplies and other important products, and interruptions in normal supply chain operations have many traders, both new and experienced, scrambling to adjust their trading strategies during the pandemic. Making solid forecasts for opening positions, targeting which markets to focus on, and determining what news to believe and act on has all become extremely problematic during the crisis. Making matters worse is the threat of a “second wave” once many countries end their quarantines and try to return to normal. Nobody wants to downplay the seriousness of the Covid 19 crises and the subsequent consequences. However, as traders we need to find a way to turn a bad situation into a profitable one in order to maintain our livelihoods and reach our financial goals. To that end, here are some strategies we have put together on ways to trade profitably by identifying which markets are being affected in regards to developments in the pandemic.