How to open a successful and reliable Forex business in the new (post-pandemic) reality

Even if the forex industry does not experience drastic changes associated with a decrease in revenues, the new reality forces a change in approach to business. After a few months of lockdown, what counts is the speed of return to normalcy to start making up for a lost time as soon as possible. Many people who planned to open a Forex business had to postpone this decision, or at least rethink the current plan. The pandemic strongly influenced investors’ behaviour, especially in regions where the traditional model of establishing cooperation based on personal relationships is still dominating. Brokers whose clients were accustomed to traditional offline deposits also experienced major changes. Although the industry was bypassed by the crisis, some changes are necessary to allow brokers to adapt to the new reality.

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