Forex as a panacea to Covid 19 cashflow issues (Part 1)

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3 years ago

In 2020, Cocvid 19 became Worldwide news across the Globe. It cannot be over emphasized that the Covid-19 virus triggered global Economic slowdown. All Countries of the World had their expected growth reduced by at least 50% of forecast due to the resultant business premises lockdown as a measure to slowdown the virus spread.

This deadly virus was acclaimed to have started from Animal Market in the City of Wuhan located in Hebei Province in Peoples Republic of China. The virus prompted one of the greatest lockdown in Human history with over 1 billion individuals locked down in India alone. The United states, Europe, South America and Africa also has its fair share of the lockdown experience and its resultant effect of massive Job losses.

Unemployment claims started soaring across the World regardless of palliative declared by Government of Sovereign Nations. The Word Health Organization (WHO) has its own share of the impact with its Number one Donor -U.S.A withholding funding for the Health Organization. (The intricacies, claims and counter claim is a story for another day.

The bottom line is, Physical Offices couldn't open at 100% capacity due to lockdown and Social distancing rules, Airline couldn't operate except on occasional evacuation flights, Hospitals stated getting filled near capacity.

In the face of these Global physical restrictions, Online presence of Corporate and non corporate Individual increased at least to compensate for the loss in Official work hours at Physical Offices.

Thus, Online Jobs remain a temporary palliate from these massive job losses and Business Office lockdown. Online job includes but not limited to Freelancing, Affiliate Marketing, Domain flipping, and Online Forex, stocks and Currency trading - just to mention a few.

This Article will Focus on the last Option above (Forex Trading) Why Forex trading? One main reason is that this is done 100% Online, You cannot lose more than your investment, Its Global, gives freedom- as you chose when to trade, and requires few physical tools like Laptop and internet Connection. In order not to bore you, Part 2 of this Article will focus on what Forex is, and how to be successful in Trading. It promises to be concise, explosive and educative.

Thank you for your time and I hope you check the concluding part to understand whole basis for the Article. Thank you once again for your time

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Comments

Part 2 will be coming soon

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3 years ago

It's a bit hard to try to study forex trading though as sometimes it's really hard to get a grasp of the trend

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