Are we already in a recession?

The Lobby
1

Hellooooo! :blush: Well, I’m not sure how it’s going for you guys in other countries, but it’s been super tough lately. :sweat_smile: Prices of everything continue to skyrocket, I can barely afford gas for our car. :confused: I wonder if this is an impact of the ongoing war, and if it will be better as soon as the war is over. :frowning: Are we already in a recession and are forex traders safe from it?

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During times like this, finances hold significant importance. Therefore, if you possess a decent amount of money and keep earning well, you should be secure unless a nuclear conflict occurs.

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Totally feel that, things are getting expensive everywhere. My old car already drank enough gas, now it’s even worse :sweat_smile:

Markets always have opportunities though, periods of economic uncertainty tend to bring more volatility, which means more opportunities but also more risk than usual.

Hope you’re doing okay and staying safe. Remember to manage your risk and your emotions out there

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I feel youuuu, prices everywhere are tough right now. The war definitely impacts energy and food costs GLOBALLY, which feeds into inflation. However, whether we’re in a recession depends on the country, but many economies are slowing down. As for forex trading, it’s not exactly safe from recessions, but currency markets can offer some really opportunities intraday during volatility. As u already know Major pairs like EUR/USD or USD/JPY often react to economic data and central bank decisions, which can potentially create trading setups. But still, higher volatility also means higher risk. Stick to solid risk management and focus on majors during uncertain times & stay disciplined with your strategy, it will help you not lose your capital.

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Yeah prices are up here in Australia too

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Feel the same! The war has definitely had an impact on most of us one way or another. Rising costs are hard to ignore right now. Not many people are really insulated from it, maybe only those at the very top.

7

I think you guys may be confusing “recession” with “inflation”?

A recession is two or more consecutive quarters of negative GDP growth.

It’s one of those comparatively few factual, objective things in the economic world: either there have been (for any specified country) two consecutive quarters of negative GDP or there haven’t, you know? :wink: