present russia ukraine war effect the forex trading world?
- Thread starter patric
- Start date
I'm only going to tell you this once, and I want you to listen closely, with your ears, and read with your eyes. Now pay attention.
First I need you to turn on the power to your computer.
You can do this by taking your finger and pushing the button that says power.
Next I need you to take your hand, lift it up and put it near the keyboard and type in "Google"
Next I want you to take your little fingers and type in "War Ukraine" into Google.
Next I want you to take note of the date the news came out of the war in Ukraine on Google and then go to the charts and look at that same exact date on the charts. You can do this by opening your eyes and looking.
I know you may find this hard to believe, but whatever price movement after the news broke out will be the effect the news has on the market.
Next I want you to take a good look in the mirror and tell yourself that your momma didn't raise no fool, and then shut the computer off.
First I need you to turn on the power to your computer.
You can do this by taking your finger and pushing the button that says power.
Next I need you to take your hand, lift it up and put it near the keyboard and type in "Google"
Next I want you to take your little fingers and type in "War Ukraine" into Google.
Next I want you to take note of the date the news came out of the war in Ukraine on Google and then go to the charts and look at that same exact date on the charts. You can do this by opening your eyes and looking.
I know you may find this hard to believe, but whatever price movement after the news broke out will be the effect the news has on the market.
Next I want you to take a good look in the mirror and tell yourself that your momma didn't raise no fool, and then shut the computer off.
Well fuck me, I've been trying to find the 'POWER' key on my keyboard, and it's not there! Is there another sort of hot-key I can use to turn on the computer?
Help!!!
Anything that has a major impact on global economy should be able to move forex.
Looking at the Russian Ruble & most european currencies declined right after the invasion was confirmed & international sanctions followed.
I don't trade forex so I cannot judge whether it's a minor or steep decline.
Looking at the Russian Ruble & most european currencies declined right after the invasion was confirmed & international sanctions followed.
I don't trade forex so I cannot judge whether it's a minor or steep decline.
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Geo-political events are neither good nor bad for the forex trader. We bet on exchange rates, not the inherent value of a specific currency. So if something causes one currency to fall, it has the effect of pushing the exchange rate up against other currencies. As long as you have the ability to be long or be short you can continue to trade.
The thing that disrupts trading is when events come so fast and so unpredictably that brokers are exposed to risk. At that point they might widen spreads, close down some pairs, restrict access through their platforms, restrict margin or position sizes etc.
Dramatic market events are normal: but when dramatic broker events come into play, that is the time to stop trading forex.
The thing that disrupts trading is when events come so fast and so unpredictably that brokers are exposed to risk. At that point they might widen spreads, close down some pairs, restrict access through their platforms, restrict margin or position sizes etc.
Dramatic market events are normal: but when dramatic broker events come into play, that is the time to stop trading forex.
No, its actually for very beginner. I think you are pro in this matter.
Russia has a currency namely Rubble, in forex currency pair, RUB included in exotic pairs, the war giving high impact for this currency, and we can see on the chart if price soaring so high, in this condition FXOpen work close mode only to mitigating the risk. If we see on USD/RUB, after the invasion has begun, Rubel weakens to USD, but then many take profit action, leading the price drops again, this condition not only on Rubel, Gold and safe haven also get impact from these conditions.
