Forex Signal results: 5% Profit in May 2020
It was a great start for our new “Forexa one” Forex Signal, with 3 positions opened and closed during May 2020, achieved 5.09% profit on the total equity.
Corona-Virus effect on Global markets
May 2020 was a risky month for any Forex traders and investors. Corona-virus effect on the world’s economy was severe. In the United states only, the unemployment rate reached 14.7% and more than 20 million Americans lost their jobs. Nonfarm Payrolls of April 2020 was better than expected (Actual: -20500K and Expected was: -22000K). This provided a good support for the USDJPY during May 2020.
In a lock-down like that and uncertainty about when Corona-virus medicine or vaccine will be available worldwide, All these factors will probably lead to a recession in global markets.
By the end of May, Few countries announced that it will re-open its borders in June while practicing social distancing and their economies should start to move forward and recover losses caused by Corona-virus.
Follow Forexa One Forex Signal
You can follow Forexa One Forex Signal & copy its performance for 31$ per month. Remember to manage your equity wisely and to keep the patience high!
See you in June 2020!
Past performance posted by Forexa Signals and Systems Providers (“Providers”), is not necessarily indicative of future results.Always Remember – Forex Signals Warning