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SubscribeWhat do you think the impact of a currency such as this will have on global currency and the forex market?
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#1
What do you think the impact of a currency such as this will have on global currency and the forex market?
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#2
I think you're asking about the impact of the global event on the Forex and crypto currencies. The pandemic seems influence a little bit on some financial instrument.Originally Posted by nakupo
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#3
The pandemic crisis has no greater impact to any financial instruments and trading commodities. For instance, there's a dramatic plunge of Crude Oil due to the unexpected decrease in demand in the last months. However, the commodity has been slowly recovering.
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#4
Correct. I've been observing the price of the Bitcoin since March. So far, the value is still approaching the trend towards the upward level.
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#5
There comes a drop on some times but after the drop the price move back up again. The pandemic has greatly affected the global economy. But so far, thankfully, cryptocurrencies doesn't seem to be affected very much.
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#6
It's very normal for any financial instruments to move downward. What matters is it can recover despite the extraordinary situation we are all in.
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Wekesa (08-10-2020)
#7
Digital currencies make way for easier transaction. I think if this currency continues to prosper in the future, then it could be on par with the traditional currencies.
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#8
I agree with you. Although, this situation is still a bit far off, I am looking forward for this moment.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
#9
I dont get your question at all , but lets put it this way , I think you are trying to say that there is a lot of good that comes when in this market there could be good things that happen in this kind of world of currency , impact of currency comes from the world economy that is the only place I see this we really dont reverse it, currency is not affected by anything else but the world economy .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Njoki (08-10-2020)
#10
crypto currency has already had its impact we are waiting for the second wave , look at what happened 300 Billion in capital thats not a small market but a very huge one but lets wait and see what the future holds there could be something else coming in soon we need to keep on trying as hard for it
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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