Coronavirus Forex Trading Strategy
Before we jump into strategy, let’s discuss how the Coronavirus impacts the Forex Market. As you’ll notice in the video, the biggest impact the Coronavirus has on Forex Markets is simply volatility. Markets may open a significant amount of pips higher or lower than the previous week’s close. The daily range may be impacted and the impact will result in a higher average daily range. The good news is that you can make money regardless. The only thing that will be different is the number of pips. However your Risk to Reward Ratio and your Risk Percentage should be the exact same. Therefore, even during unforeseen events and times such as the Coronavirus, you should apply our 4 Step Forex Trading Strategy. Watch the video above for details.