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USA Presidential Vote

This coming Tuesday, the 8th of November, is the ‘big day’, the day that the USA  gets to vote on who will lead the largest economy in the world for the next 4 years. Elections, in a ‘normal’ year, are market movers, the US President Election THIS cycle has the potential to BREAK the market.

In the days leading up to and following the vote the FX market will be extremely illiquid and this will increase the already high-risk factor around currency trading several fold.

As always, we here at FXPIG want to do ALL we can to protect our clients and their capital, and limiting risk is one way we, as your broker, can accomplish that goal. The easiest way to limit your risk around this event is to STAY OUT of the market whenever possible. If you have open positions leading into the vote… closing them is the very best way to make sure you are not caught in a market move that could leave you owing us money. There will always be trading opportunities in this market, and learning to pounce ONLY when you have a statistical advantage, is something every profitable trader needs to practice.

What EXACTLY will be changed?

Starting from the market open on Monday, the 7th of November (server time, GMT +3), ALL client accounts will be placed on 1:100 leverage. In addition, we will be limiting leverage on all USD pairs (including XAU and XAG) to 1:50. These changes will remain in place, at a minimum, until market open on November 11th, 2016 (server time, GMT +3).

These changes will be made nearly industry wide, and as previously stated, they will be temporary. If any changes are to be made based on price action and available liquidity we will send out a revised schedule.

If you have any questions please reach out to us via our live chat, skype, or our help desk.

This coming Tuesday, the 8th of November, is the ‘big day’, the day that the USA  gets to vote on who will lead the largest economy in the world for the next 4 years. Elections, in a ‘normal’ year, are market movers, the US President Election THIS cycle has the potential to BREAK the market.

In the days leading up to and following the vote the FX market will be extremely illiquid and this will increase the already high-risk factor around currency trading several fold.

As always, we here at FXPIG want to do ALL we can to protect our clients and their capital, and limiting risk is one way we, as your broker, can accomplish that goal. The easiest way to limit your risk around this event is to STAY OUT of the market whenever possible. If you have open positions leading into the vote… closing them is the very best way to make sure you are not caught in a market move that could leave you owing us money. There will always be trading opportunities in this market, and learning to pounce ONLY when you have a statistical advantage, is something every profitable trader needs to practice.

What EXACTLY will be changed?

Starting from the market open on Monday, the 7th of November (server time, GMT +3), ALL client accounts will be placed on 1:100 leverage. In addition, we will be limiting leverage on all USD pairs (including XAU and XAG) to 1:50. These changes will remain in place, at a minimum, until market open on November 11th, 2016 (server time, GMT +3).

These changes will be made nearly industry wide, and as previously stated, they will be temporary. If any changes are to be made based on price action and available liquidity we will send out a revised schedule.

If you have any questions please reach out to us via our live chat, skype, or our help desk.

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