Forex Zone - Forex Forum

What is the trading strategy when dealing with the Covid-19 virus?

Discussion started on General Cryptocurrency Discussion

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
Corona virus / COVID-19 which is increasingly widespread, is a scourge that is terrible for the world.
Statistics on cases have continued to grow globally.

The impact of the Corona virus is not only in the health sector but has an impact on the world economy.

I personally just stay at home and do trading activities at home to avoid corona outbreaks.

What is the strategy that you are doing in the present conditions to maintain your health and keep doing Crypto & forex trading?


Linkback: https://www.forex.zone/general-cryptocurrency-discussion/32/what-is-the-trading-strategy-when-dealing-with-the-covid-19-virus/3065/
#1 - March 29, 2020, 04:53:14 AM
« Last Edit: April 04, 2020, 10:33:34 AM by micha lovely »

  • Hero Member
  • Posts: 524
  • Points: 0
  • Likes Received: 65
  • Reputation: +2/-0
What is discussed here is whether to trade forex or crypto in the face of Corona.
For crypto, I prefer to buy it because cryptocurrency will benefit digital money.
#2 - April 04, 2020, 09:19:19 AM

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
What is discussed here is whether to trade forex or crypto in the face of Corona.
For crypto, I prefer to buy it because cryptocurrency will benefit digital money.
The point is trading anything sir, whether forex or crypto, what kind of strategy used now is different from before.
this plague has been very dangerous and really must take care of themselves. 
#3 - April 04, 2020, 10:36:02 AM

  • Sr. Member
  • Posts: 424
  • Points: 0
  • Likes Received: 102
  • Reputation: +3/-7
Covid-19 cases in many countries continue to grow. 
Just stay at home, it's better to prevent.
The strategy that I did for trading remained the same, only increasing the distance of several TP and SL because the market volume was very high for forex.
for Cypto it is better to save coins that you believe are of good quality.
#4 - April 04, 2020, 12:51:51 PM

  • Hero Member
  • Posts: 810
  • Points: 0
  • Likes Received: 120
  • Reputation: +3/-0
The most lively conversation topic (CORONA). 
Right, As we know now, the global economy 🌎🌍🌏 is indeed declining. 
Making use of this opportunity, crypto or forex traders can get a special profit, because of the very high price turnover.
#5 - April 04, 2020, 04:08:26 PM

  • Hero Member
  • Posts: 701
  • Points: 5910
  • Likes Received: 39
  • Reputation: +1/-1
when there is covid-19, we should remain calm in dealing with it because trading during murky conditions like this must use the right strategy, in addition to volatile markets, trader psychology is often volatile.
#6 - April 20, 2020, 02:34:04 AM

  • Full Member
  • Posts: 148
  • Points: 145
  • Likes Received: 2
  • Reputation: +0/-0
My area is now experiencing a lockdown and cannot move out of the house.
I can only trade and rely on it for extra income because where I work dismiss employees and only pay 50% of salary.
Hopefully everything can return to normal quickly and Covid-19 is gone.
#7 - April 20, 2020, 05:23:48 AM

  • Newbie
  • Posts: 11
  • Points: 247
  • Likes Received: 0
  • Reputation: +0/-0
the strategy I use as usual is with my trading system which is the only one, the difference is when my corona pandemic is more tightened my MM.
#8 - April 23, 2020, 03:39:23 AM

  • Newbie
  • Posts: 11
  • Points: 237
  • Likes Received: 0
  • Reputation: +0/-0
the strategy can indeed be adjusted to market conditions, but conditions due to covid-19 virus are not known yet so market movements are still dangerous.
#9 - April 23, 2020, 07:04:54 PM

  • Hero Member
  • Posts: 524
  • Points: 0
  • Likes Received: 65
  • Reputation: +2/-0
the strategy can indeed be adjusted to market conditions, but conditions due to covid-19 virus are not known yet so market movements are still dangerous.
The market movement is very fast and this instead makes good profits, high market volume will easily get profit quickly. that needs to be adjusted only management money.
#10 - April 28, 2020, 01:38:04 PM

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
Market conditions are chaotic for forex but cryptocurrency is good.
I prefer cryptocurrency trading first for now because a lot of altcoin is going up.
#11 - April 28, 2020, 02:58:07 PM

  • Sr. Member
  • Posts: 444
  • Points: 0
  • Likes Received: 31
  • Reputation: +2/-0
Market conditions are chaotic for forex but cryptocurrency is good.
I prefer cryptocurrency trading first for now because a lot of altcoin is going up.
The forex market has only a few widening spreads and prices are moving very fast for now, the rest is still good.
Crypto is good, but unfortunately I'm not good at crypto trading. 
#12 - April 28, 2020, 04:30:17 PM

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
The forex market has only a few widening spreads and prices are moving very fast for now, the rest is still good.
Crypto is good, but unfortunately I'm not good at crypto trading.
My statement for crypto trading is better, because trading is easier, just buy bitcoin or altcoin, all cryptos on average are rising.
It seems like you should try crypto trading on the exchanger, it's not difficult.
#13 - April 28, 2020, 04:33:55 PM

  • Sr. Member
  • Posts: 410
  • Points: 46229
  • Likes Received: 7
  • Reputation: +3/-0
related to the strategy used in my opinion will remain the same because the trader strategy is a trading system that has been built for a long time, so the strategy has not changed, maybe the strategy of risk management must be tightened.
#14 - April 29, 2020, 04:18:23 PM

  • Hero Member
  • Posts: 628
  • Points: 0
  • Likes Received: 59
  • Reputation: +1/-1
maybe the strategy of risk management must be tightened.
I also agree, risk management should be prioritized to deal with current market conditions, but if only crypto markers I think it's better to buy, but it must be based on risk management.
#15 - April 29, 2020, 04:23:44 PM

Members:

0 Members and 1 Guest are viewing this topic.