We live in extraordinary times!
As I am writing this piece, we are on the cusp of a global recession of unprecedented scale triggered by the Covid-19 (Coronavirus) plague that is currently ravaging the nations of the world.
The Malaysian Prime Minister, Tan Sri Muhyiddin Yassin, has imposed a 14-day Movement Control Order that came into force on 18 March 2020, to break the chain of Covid-19 infection. We are urged to stay indoors and businesses are forced to shut down until the 14-day partial quarantine is over.
Yes, Malaysia is not exempted from this global event.
Later on, after all this is over, things won’t go back to normal anymore. It won’t be business as usual for most folks. Many businesses will go bankrupt. There will be mass layoffs and unemployment. Executives who previously enjoyed cushy 5-figure salary will find themselves out of job and out of luck.
We are in for a rough ride this year, unfortunately.
Not surprisingly, forex traders & work from home folks are the ones who are least affected by the Covid-19 pandemic and the economic recession that follows.
While the forex market has shown more volatility in recent days, the disruption to the daily activities of forex traders has been minimal. As traders, we are used to staying at home. As long as the Internet is working and the global financial markets has not shut down, then it is business as usual for most traders.
Now, in times like these, you can never say never. There is a possibility that the New York Stock Exchange (NYSE) will shut down, but it will take a lot, according to this article.
So, where is the gold in all this?
It is in finding financial opportunities with available resources, some, right in front of you. While many have lost their jobs, many still have access to the internet. With knowledge, you can use the internet to produce money.
Knowledge indeed is the precursor to wealth.
With knowledge of how the forex markets work, you can easily whip out your Iphone or Laptop, open your special forex software or app, analyse market trends and trade, based on your analysis. When the market moves to your intended direction, you make money.
If you are lazy or perhaps lack experience with the market, you can copy trade signals from the experts. When the experts make money, you will too.
While all this is not hard, they require initiative and some knowledge, and that is what is lacking in most people.
P.S. Do you need help to get started with forex trading? There are many opportunities right now. You can learn how to become a trader or you can become an investor and earn passive money. The choice is yours. Don’t worry. We can assist you. Use this contact us form to get in touch with us today.