With the emergence and spread of Covid-19 on a global scale, the world’s economy, and financial markets in particular have seen severe implications.
When considering current market conditions, Nigerians need to revisit and adjust their risk management plans to compensate for circumstances that are outside normal risk parameters to ensure that they minimize the risk of substantial losses during this time. The fastest growing forex trading platform during Covid-19 was Exness – read the full Exness review here.When considering that Nigerian traders need to evaluate companies and their past performance to determine whether their stocks would be worth buying, evaluating such companies and their performance during Covid-19 may also indicate such.
USD is the prevailing major currency on the Forex Market, despite the challenges faced during the past few months as the virus has surged through numerous countries, affecting economic conditions and the value of local currency against the USD and other FX Majors.But despite this, the Forex Market has been considered the saving grace of the global economy, and alongside stocks, is a financial instrument that Nigerian traders can turn to during this time for various reasons.