Ubanker (Forex) and Corona: Corona Virus Impact on the Foreign Exchange Market

(Forex) and Corona

In light of the current crisis we are living in, global economies have suffered great losses and most of the economies of countries that have been infected by the Coronavirus have entered a recession like Italy and Spain, and the economies of other countries are still suffering in light of the widespread of this virus, and in general, all global markets have been affected negatively and have achieved losses Too big that some experts have rated as going worse than the 2008 financial crisis if the situation continues as it is. In this article, we will look at the impact of the Coronavirus on the foreign exchange market (Forex). Was the most liquid market in the world affected, negatively or positively, by this crisis? What are forex companies? What is Yubanker? Above all, we must first take a quick look at the Forex market, how is trading and making profits? And on what basis is this? Is it possible to achieve high profits from this market? Is it possible that this market is affected by global crises, or is it not linked to it? We will get to know all of this through Ubanker in this article, read on:


What is Forex? And what is Yupanker?

 

Forex or also referred to as "FX" refers to the currency trading market. Forex is the most active market among other global markets, through its acquisition of $ 5 trillion of currencies that are traded daily, and this is made by the most liquid market in the world. Forex markets work 24 hours a day, 5 days a week, as currencies are traded all over the world during working days.

According to Ubanker in the Forex market, currencies are traded in pairs, so the first currency of a pair is called the base currency and the second currency is the quote currency, typical foreign currency rates look like ERU / USD = X This means that you buy or sell one unit of the base currency Euro versus one unit of the dollar pricing currency.

 

On the stock exchange, currency prices are determined by the prices of supply and demand, and the difference between them is called price differences, and by returning to Yupancer to understand supply and demand we can say that: the price of the price = the price at which your broker will buy from you a specific currency the asking price = the price at which your broker will sell to you a specific currency pair that changes Price differences according to the popularity of each pair are reflected in the daily trading volume of this pair. For example, the euro and the dollar are the two most-traded currencies in Forex. When looking for the exchange rate of the euro against the US dollar, you want to know how many dollars (which is the quoted currency) You can buy for 1 euro (which is the base currency) if the price of the dollar equals 1.2345 For one euro, this means that you can buy 1.2345 dollars for 1 euro.

 

 Important notes:

 

1- If the exchange rate is in an uptrend, this means that the base currency is getting stronger against the secondary currency.

2- If the exchange rate is in a declining direction, this means that the base currency weakens against the secondary currency. Thus, we have taken a quick look at the Forex market and answered the most important questions that we mentioned in the introduction, but there is another important thing, which is financial security for the person who is trading through Forex in light of crises such as the Corona crisis that we are currently experiencing, so was the Forex market affected by a virus Sk, How?

 

Was the Forex market affected by the Corona crisis, and How?

 

There are basic factors affecting Forex trading such as political and economic stability and monetary policy of countries, and since Forex gives great freedom to traders, if traders expect a decrease or rise in the price of a particular currency, they will trade and change the price in the market, because supply and demand is what determines the price of the currency in Forex. In light of the sharp decline in demand for currencies, the global markets were affected greatly during the crisis of the Coronavirus to this day. In short, all the euro and the dollar countries are exposed to one of the most severe economic crises. In light of the sharp decline in demand, global markets recorded losses estimated at 3 trillion dollars, or about 1% of the total Global domestic production, which is estimated at $ 86 trillion. Global markets are witnessing a major recession, and losses are expected to reach 4% of the total global GDP.

In the output, we are now witnessing very large losses for all the common currencies in the Forex while investors are now heading to buy gold, which rose at 1725 dollars. After we took an overview of Forex and how it is affected by crises, we will now address one of the best Forex companies online.

 

What is Ubanker forex?

 

Ubanker is the second largest online trader in the world of Forex trading banks. The company provides forex trading in addition to trading commodities, stocks, and indices. Looking at the slogan (Ubanker) that says “Control your money, learn to invest like bankers” We conclude that trading via Ubanker is so easy that you do not have to be experienced because with Ubanker you can trade and achieve huge profits even if you are a beginner in the Forex field. 

And you can enter the site of the Obanker company and once you access the site you can register on the site by filling in the required data, then you can enter through it to the Ubanker contract.

 

Ubanker fact? & Why choose Ubanker to trade?

 

 Youpanker's name has risen strongly since the company was founded in 2017 and has issued many different opinions because it is a new company unlike other companies, but even though it is a new company, it has got many customers, which made it the second place for the largest traders online, and unlike some other companies provide Youpanker Company free registration on its site or application and provides many lessons and instructions on how to trade and employs with the trader a special financial guide who provides advice during the trading process. By registering on the Youbanker website, you will obtain any information that helps you in a profitable trading process and you can inquire about anything you want through the direct customer service provided by the Youbanker website. Is Eubenker really right? Ubanker monument: When a trader searches for any company, he will ask about the company's credibility to obtain full confidence in it, and all trading companies are subject to criticism and praise according to the trader's experience, whether successful or unsuccessful, and the most important thing to make sure of the credibility of any company is to know whether the company is licensed or No, now is the Yubonker company licensed?

 

Is Yuponker company quorum?

 

By entering the YouBanker website and reading the terms and conditions, you will be absolutely sure that the company is licensed and this is what allows it to enter the trading market. The YouBanker company guarantees the right of the trader legally in the event of any unexpected process. All you need to make sure of the credibility of YouBanker is to enter the site Company and Banker read the terms and conditions. And by relying on the trading experts, they said that Yubankar trading is one of the best forex companies currently, not only because Yubanker is licensed, but also because it provides free introductory and educational tools for experts and beginners, unlike other companies that treat all of their traders as experts in trading, and this allows all traders with Yubonker Profit even at the beginning of their investment career.

 

Ubanker fact? Why choose Ubanker to trade?

 

 Youpanker's name has risen strongly since the company was founded in 2017 and has issued many different opinions because it is a new company unlike other companies, but even though it is a new company, it has got many customers, which made it the second place for the largest traders online, and unlike some other companies provide Youpanker Company free registration on its site or application and provides many lessons and instructions on how to trade and employs with the trader a special financial guide who provides advice during the trading process. By registering on the Youbanker website, you will obtain any information that helps you in a profitable trading process and you can inquire about anything you want through the direct customer service provided by the Youbanker website. Is Eubenker really right? Ubanker monument: When a trader searches for any company, he will ask about the company's credibility to obtain full confidence in it, and all trading companies are subject to criticism and praise according to the trader's experience, whether successful or unsuccessful, and the most important thing to make sure of the credibility of any company is to know whether the company is licensed or No, now is the Yubonker company licensed?

 


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