Markets in Turmoil - is this a potential for profit?
The beginning of 2020 has left a big scar on financial markets. The prices are currently on the same levels where we have seen them in 2008 and crude oil got to its lowest historical minimum since the Gulf wars in 1991. It’s obvious who to blame in this case, it’s the current coronavirus pandemic that caught the whole world unprepared and that is currently testing our ability to act as a one man, as a cohesive society.
However, similar to some people who react to the current state of events by panicking, so does the market react by its increase in volatility. Many traders and investors perceive this as a potential not only for buying but mostly for speculating. Because with brokerage companies (including Purple Trading) you can actually speculate on the market going both upwards or downwards. There are a few dozens of currency pairs, selection of stock indices (SP500, NASDAQ, DAX, etc.), as well as previously mentioned commodities like oil, at your disposal.