Here Comes the Election Day - Forex News by FX Leaders

Here Comes the Election Day

Posted Tuesday, November 8, 2016 by
Skerdian Meta • 1 min read

Finally, the big day has arrived. I don't really like these sort of events; everyone has been talking about the US elections so much that it feels like it has been going on forever. Perhaps I'm just getting old because I don't like fireworks anymore either. 

Still, since we are in the forex business, we must keep an eye on these events and analyze their impact on the forex market. Here at FXML, we have covered the period running up to the election day, but today is the moment of truth. 

One thing we forex traders have to keep in mind today is risk control. Despite the polls, we don't know for sure who will win the elections, so keep your assumptions to a minimum. The US president is also a world president to some degree, so we tend to like or dislike the candidates, but don't let sympathy for either candidate cloud your judgement. 

Also, don't be greedy; today is not the day. Yes, there might be some good trading opportunities, but don't bet your life savings in just one day. There will be plenty of opportunities in the days to come to make a good profit. By the way, check your margin requirements because most brokers have adjusted them today. This is just in case, so you don't get a margin call.

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About the author

Skerdian Meta // Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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