The good news is that traders can take full advantage of the emotionally charged market sell-offs that are occurring to make huge profits if they act quickly and no great experience in trading is required.
There are gigantic possibilities for people that are trading or want to start. With my Olymp Trade account, I have already begun capitalizing on the market downturn by taking short positions on many different assets, but these profits are minor in comparison to the growth potential of these assets in the near future.
If you’re not familiar with the facts involved with the outbreak of the coronavirus in China’s Wuhan Province, here are some things to consider. Currently, over 75,000 people have been diagnosed with the virus and over 2,000 have died as a result.
The outbreak has forced travel bans on Chinese citizens, mandatory quarantines of nationals of other countries because they have recently visited mainland China, and many of China’s biggest trading partners have discontinued a variety of trade agreements.
In spite of the growing concerns and various reports, China believes that they now have the situation in a manageable state and today “vowed to liquidate” the virus by March of this year. The statement may be a bold prediction, but given the quick rises and falls of other “pandemics” in recent history (Zika, H1N1, etc.), it is likely that the virus will be contained by March or shortly thereafter.
Markets, especially those in Asia, have been adversely affected by the outbreak with many stocks, exchange traded funds, and commodities taking huge losses since the announcement of the extent of the coronavirus’ reach and possible expansion.
I don’t want to belittle the epidemic or the tragedy involved with the loss of life, but this is the world we live in and as a trader I understand that every market situation presents both a series of challenges and opportunities.
If you are a trader or have EVER thought of starting, this may be your golden opportunity to improve your financial situation in a short period of time. The reason being is that the market is going to rebound once the coronavirus comes under control of the Chinese health authorities, the World Health Organization, and the U.S. Center for Disease Control.
Do not be fooled by the sensationalism of the modern media about the threat the virus poses to humanity. These organizations exist specifically to deal with these sorts of outbreaks and they will have it under control and quickly. Not only because they want to preserve human life, but because they want to preserve the global economy and China is the world’s 2nd largest.
Once the virus is contained, these markets will start their acceleration back to their previous levels and the momentum will be increased by those panicked sellers trying to reestablish their market positions.
I can’t stress enough what a great window of wealth that is now opening for investors of any level. The amount of profit to be had will be limited only by the size of investment people are willing to make to be part of this rebound.
Fortunately, if you are reading this and follow my suggestions, you will have most everything you need to come out on top during this situation.
Here is what you need to do to get going today.
If you don’t have a trading account already, I highly recommend using the Olymp Trade platform for several reasons: free Demo Account with $10,000 in virtual funds to practice trading and free money to trade with! A 100% bonus to your initial deposit within 1 hour after you open your account. That means $100 in funds becomes $200 instantly, $500 becomes $1000 and so on.
- First, open an account with a broker by clicking here (you’ll need to enter your name, email address, phone number, password, choose the account currency and tick to show your agreement then click Register).
- Step-by-step you’ll be shown 7 tips describing what’s displayed on your account. Look through all the material by pressing «NEXT STEP» after every description.
Here is what you need to do to get going today.
Here are the markets that I see as having the best openings for short and long term profit due to the virus outbreak and its subsequent containment. Just pick any one of them on the platform and start earning money on it.
Hang Seng Index
The reason for the decline is purely speculation based on the virus for fear of decreased profits for those companies. However, not much has changed regarding the actual companies, which makes their stock (and the Hang Seng Index) currently undervalued.
Many people were making money when they correctly forecasted the decrease in prices!
Nikkei 225 Index
The Tokyo Nikkei 225 Index has experienced a similar fall since a good many of the companies represented have financial ties to China and all of them are affected by Asian markets in general.
Anyone with a trading account can be earning money on the Nikkei 225 by forecasting the increasing prices for the Nikkei 225 on Olymp Trade with returns of up to 100% on each trade.
Chinese and U.S. demand for oil are the biggest drivers of the market price. With investors worrying about the future demand of oil from China due to the virus, the price saw a dramatic decrease. To combat this, OPEC and its cooperative producers like Russia have agreed to cut back production.
The opportunities to profit off the volatility in the meantime is significant and you should follow the same pattern of advice as the Hang Seng and Nikkei 225: Good news about the virus – Up Trades, Bad news – Down Trades.
Gold has seen its price rise recently as it has an inverse relationship to the overall health of the global economy. This means that if the global economic health is good, Gold tends to drop in price. However, if there are large concerns about the global economy, Gold tends to increase.
Take a look at the chart below and you’ll get the picture. The market is predictable!
When trading Gold with Olymp Trade, you have two different ways to trade it. The first is similar to the Up and Down trades we discussed above with Hang Seng, Nikkei 225, and Brent oil. The only difference is that Good news means you should open a Down Trade and Bad news an Up Trade.
With Olymp Trade, this process is very simple. You only need to determine if the price is going up or down in a certain period of time, which you choose, starting from 1 minute. You enter the amount you want to invest in the trade and when the market does what you forecasted, you’ll get up to 100% return on your investment.
Now that you know what is happening with the coronavirus, just watch and read the latest news on the virus. Bad news means, enter a down prediction and good news means enter an up prediction.
If you see more than 3 days of good news in a row, especially relating to a cure, then go with Up trades exclusively with the Hang Seng Index until it gets close to its “pre-coronavirus” point of 29,000.