Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Forex Discussions
General Forex Discussion
Forex trade on the back of Brexit referendum results?
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="rom1, post: 98529, member: 37099"] Hi, I am new to forex trading so I wanted some advice on how one would take advantage of trading on the back of major political events – like the results of the upcoming referendum on whether Britain remains in or out of the EU. It would seem like whichever way the referendum results go, it would offer a good opportunity to bet on the GBP either strengthening or weakening (perhaps GBB/USD) But is there much more to it then just this? How quickly do the markets normally respond to major events like this? For example, if Britain chooses to remain in the EU and the pound rallies, is it likely that the sharpest part of that rally might last mere minutes after the official results are announced? Or hours? Or have a much more gradual impact? I have seen how release of market indices reports have had almost instantaneous affect on the strength of a currency, with sharp spikes taking effect within 30 seconds of such developments, after which, there tends to be a short dip. And could it be the case that which ever way the referendum results go, it does not necessarily mean we can predict which way GBP will go? Is it foreseeable that with Britain remaining within the EU (which I believe is likeliest), the sterling doesn’t rally? Any feedback would be much appreciated. I am trying my hand at forex and thought the referendum would be a good opportunity to make a larger then normal trade, given the size of the event and the broadly predictable impact it would have. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…