Events which drive significant market volatility such as the November 3 US Election can provide traders with increased opportunity, but also increased risk.
During both the lead up and the period following the vote, markets may experience unusual volatility and exceptional conditions. With increased market volatility comes increased opportunity that many traders may seek to take advantage of, but market volatility can also come with increased risk.
We encourage all clients to ensure they monitor their trades closely around the time of the election voting, particularly those trades closely associated with the US dollar. For all traders with open trades on or around November 3, we would advise ensuring all accounts hold sufficient margin and free equity to cover any potential rise in margin requirements or significant market and price movements.
During a market phase of elevated volatility, market spreads in general may widen. Please consider that MYFX MARKETS spreads will reflect market conditions.
If you have any questions or require any assistance, please contact us via Live chat, Email or phone.
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