2016 US Election Forex News Trading

There was a big announcement today when the next president of the USA was voted in and in anticipation I decided to not trade forex manually or automated due to the potential impact across the forex market and also due to the fact brokers were reducing leverage and margin requirements. I hope you forex traders did the same! Just like NFP day trading, it is best to avoid trading forex when there is a major news release. Even if you are a news trader, the spreads and account requirements can make it a very difficult and not that rewarding task. …READ MORE