Tomorro
w is the day. Tomorrow is when the so-called Brexit referendum will let the British citizens decide if they will leave or remain in the European Union.
As a Forex trader, you might wonder: what effect does the referendum have (and will have) on the Pound, the Euro and other currencies?
Gonçalo Moreira, our Content Advisor at FXStreet, explains us in his recent analysis, called “Stop. Read this yesterday“, how to be cautious with valuable warnings about margin and leverage during the Brexit context.
Moreira is a Forex analyst and trader with more than 10 years of experience as a trader in the foreign exchange market. He honed his analytic and strategic skills through the Chartered Market Technician (CMT) designation.
There is a profound sense of the unknown, where the only thing our sixth sense tells us is that beyond the headlines there are hidden risks liable to start stampedes all over the place. This is a climate of “fake outs” and whipsaws”.
Far more fortunes are lost in such trading conditions than won.
And what if this is the new normal? What if there will be no more trend to buy hands-off in the years ahead?
Read Gonçalo’s complete article and stay informed with us!