Business & Economy

Wednesday, 01 April 2020 09:17

CM TRADING: REFLECTIONS ON COVID-19 LOCKDOWN

Written by 
Daniel Kibel Founder and Director CM Trading

Daniel Kibel, Founder and Director of CM Trading shares his insights into trading during lockdown 

“Following President Cyril Ramaphosa’s announcement on 23 March 2020 of a nationwide lockdown in South Africa, many people and businesses have been left at loose ends in terms of their ability to generate a stable income.

“Uncertainty and fear are everywhere. But if there’s one thing South Africans are very good at, it’s finding silver linings when dark clouds loom. And even in the middle of this global crisis, there is opportunity and support to be found. All is far from lost.

Life will go on

“President Ramaphosa’s address contained a mix of messages for the South African public. The bad news, of course, was the official lockdown to be implemented for 21 days from 26 March, meaning many shops, offices and businesses have been forced to close and unable to trade.

“On a more positive note, the measures government will be putting into place to help small, medium and micro enterprises during this difficult time will include a special dispensation for companies that are in distress due to COVID-19 (still to be confirmed).

“The plan will put a Temporary Employee Relief Scheme into place, which will pay staff from eligible companies and halt as many retrenchments as possible. A Compensation Fund has also been established for anyone who became infected while at work. Plus the Rupert and Oppenheimer families have each donated R 1 billion towards economic relief.

“These and the many other proactive measures Mr. Ramaphosa announced were positive steps towards beating COVID-19 and giving the economy a fighting chance at regaining some ground when it’s all over.

“The message I would really like to take from what the President said is, there is light at the end of this tunnel. And support is there for those who reach out. We can claw our way back from this and South Africans definitely have the determination to bounce back.

You don’t need to be in an office to earn

“While many jobs can’t really be done in an isolated vacuum with little to no human contact involved, online trading can. And in the isolation we’ll all have to endure for the next 21 days, there is real opportunity to be found.

“For those of us lucky enough to have an internet connection and a computer at home, there’s no better time than now to learn the tricks of the trade and “train your trading brain” while you have the time to spend at your computer.

“World markets are not in a good place, it’s true. In fact, we are in the middle of one of the worst financial crises in many decades. But for online traders, that means opportunity. Trading in the current environment is bringing higher risks with far higher gains as many traders capitalise on downturns in major indexes like the Nasdaq and the Dow Jones.

"That is just the tip of the iceberg. We have an unprecedented opportunity at the moment. It’s times like these in history that people have been able to make money. Yes, risks are extremely high in pretty much every trading arena right now. But informed trading decisions can and will yield rewards.

A journey of learning awaits

“If you have never traded before, this time of isolation is an excellent opportunity to empower yourself by connecting with a trustworthy broker who can get your trading journey started and support you where it counts. A reputable trader will prepare you to capitalise on contingencies and opportunities in environments like our current one.

“At CM Trading, our primary mission is to take fledgling traders by the hand and guide them towards independently driving their financial futures. Now is the time to define your trading strategy for success in partnership with a professional trader who can tap into your full trading potential.

“South Africans are a nation of people who mobilise when times are tough. And as lockdown looms for the next three weeks, there’s no time like the present to spend our surplus hours ensuring that we have the option to generate an income, even if our day jobs are under threat.”

To get mobilized in your trading journey, visit CM Trading's official website and open your live trading account today!

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