Covid-19 has already affected all our lives, from concerns about our health, and that of our loved ones, to being able to source the bare necessities of life.
The uncertainty of the longevity and severity of this virus has meant that the economic impact is, at present, unquantifiable. Various Governments have initiated stimulus packages only to see markets continue to vacillate. The only thing that one could reasonably confidently predict over the current months is that markets will remain volatile as they react to the latest news.
Volatility is not, whilst in its essence, bad for traders as it brings about fast, and often large, price movements which a savvy trader can benefit from. The sanguine traders with deep pockets and long-term views will be seeking discounted value for the rally when the virus is eventually defeated. The short-term traders, or those looking to fill their hours of self-isolation, will be analysing the signals looking to benefit from the swift short term moves and setting their strict limits to benefit from them. It’s safe to say that trading signals have become useful tools for many traders to stay informed about market movements. The FCA-authorised and regulated forex broker, USG UK, does not only offer high standard services to their clients, but also free trading signals to all clients with a funded account.
Volatile or fast markets often result in the widening of spreads meaning that short-term traders are disproportionately disadvantaged as the 'cost' of each trade created by the spread increases and thus the greater number of the trades, the greater the 'cost'. That is not the case at USG UK where, in their endeavour to further enhance the trading experience, they have narrowed the spreads in the last week.
Finally, USG UK have assured all that they will be able to continue to offer a first class and personal service to all their clients. They have fully tested their disaster recovery plans, tested the ability of staff to work from home and have also reached out to 3rd party suppliers and key partners to ensure that its business will run as usual despite the circumstances.
For advice on Covid-19 from the UK NHS please click here.
USG Group is an international group, regulated and licensed in multiple jurisdictions:
USG AU is an ASIC regulated Broker and holds an Australian Financial Services License (No. 302792), with the company headquartered in Sydney.
USG UK is an FCA authorised and regulated Broker and holds a Financial Conduct Authority License (FRN: 798776), with the company headquartered in London.
Visit www.ukusg.co.uk for more information.