How To Trade The US Presidential Elections?

21 November 2016, 05:38
Ahmad Hassam
0
16

This time the markets were on a roller coaster on the day of the US Presidential Elections.

Read the post in which we explain in detail how we made 200 pips with a small stop loss of 10 pips on the day of the US Presidential Elections.

On Monday, most of the currency pairs opened up with a huge gap when FBI cleared Hillary Clinton on her email inquiry.

At the start of the week, markets were expecting Hillary Clinton to win.

When Donald Trump emerged as the winner, USD became weak and EURUSD, NZDUSD, AUDUSD shot up while USDJPY shot down.

This was the initial reaction shown by markets.

Then just a few hours later, markets changed their mind.

Now Trump was good for them after all. EURUSD, NZDUSD, AUDUSD started falling while USDJPY started going up.

This trend is still going strong. EURUSD has fallen more than 400 pips.

Always use pending orders when you are trading.

Never open a trade with a market order.

Share it with friends: