Brexit

explanation
https://www.youtube.com/watch?time_continue=64&v=MGeDX-6DINM

Cool.:)

It is event. It could be opportunity for you or disaster. It depends how you handle it.

I, personally, intend to stop trading one day before it happens. I have no idea what kind volatility there'd be.

mlawson71 posted:
I, personally, intend to stop trading one day before it happens. I have no idea what kind volatility there'd be.

The same here pal

To be honest GBP/USD already seems untradeable. It's stuck in a relatively tight range without any clear direction.

:)

Simply , don't use high Leverage

StoneHeart posted:
Simply , don't use high Leverage

Leverage is being adjusted by brokers. Simply dont trade the pair for a while

It will be a fun day to be watching the charts, I'm excited, hope whatever happens, it turns out okay for the UK and EU as a whole :)

togr posted:

StoneHeart posted:
Simply , don't use high Leverage

Leverage is being adjusted by brokers. Simply dont trade the pair for a while

I agree, that's the best approach. There are plenty of decent pairs to trade out there, one can avoid trading the GBP and EUR ones for a little while.

mlawson71 posted:

togr posted:

StoneHeart posted:
Simply , don't use high Leverage

Leverage is being adjusted by brokers. Simply dont trade the pair for a while

I agree, that's the best approach. There are plenty of decent pairs to trade out there, one can avoid trading the GBP and EUR ones for a little while.

Exactly. When you start avoiding these pairs?

togr posted:

mlawson71 posted:

togr posted:

StoneHeart posted:
Simply , don't use high Leverage

Leverage is being adjusted by brokers. Simply dont trade the pair for a while

I agree, that's the best approach. There are plenty of decent pairs to trade out there, one can avoid trading the GBP and EUR ones for a little while.

Exactly. When you start avoiding these pairs?

I've already started avoiding EUR/GBP and GBP/USD. I generally avoid EUR/USD by default. I'm actually mostly concentrating on NZD/USD at the moment.

I'm cutting out half my pairs (no new trades) - EUR/USD, GBP/USD and GBPCHF. I'm not sure if there will be a major impact on EUR though, if they exit, EUR is still a large chunk in the greater scheme of things. But definitely don't want to land in a CHF position like last time. Best to err on the side of caution. I might add NZD/USD, but already trading AUD/USD so it would tip the balance of my pairs by quite a bit, so may have to evaluate some cross pairs with the effect of a greater spread or ride out the weather with pairs I have (no additions) :-/

Storm in a teacup or tornado in a city? I'm not sure anyone really can predict an outcome.

Pepperstone wont change leverage
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Hi there, welcome to Pepperstone. How may we help you today?
01:38 PM
Tomas
Hi
01:39 PM
would you adjust leverage for GBP or EUR pairs
for Brexit

Pepperstone Live Chat
Currently we do not have plans. If we do, we will definitely send notice well before the event.

Tickmill:
Hi
would you adjust leverage for GBP or EUR pairs for Brexit?
Estella
Announcement will be made next week.

IcMarkets:
management team informed that they are not going to adjust leverage for Brexit, but they will monitor big balance accounts to prevent any risk and if they see any risk then we will adjust leverage individually
for client
after notification

I think they are aware that adjusting the leverage can be seen by some traders as a cautious move and by others as a bias toward the outcome, they won't make a rash decision. It wouldn't be in anyone's best interest either, winners from the outcome at a later stage may turn around and say they were cheated out of increased profit. They might decide to adjust leverage on request on a per account basis.

FxPrimus:
Changes to Trading Margins for Sterling
Please be informed that at the start of trading on Sunday 19th June 2016 we will be changing our margin requirements for all Sterling (GBP) pairs, ahead of the UK's Brexit vote which takes place on the 23rd June. The changes will be on all of FXPRIMUS trading platforms. Margin for all Sterling (GBP) pairs will be increased from the current variable rate to a minimum of 2% (1:50) regardless of your account leverage. Additionally, margin requirements for Brent Oil will be increased from 1% to 2%.

Please be aware that these changes will be in effect during the entire week of Sunday 19th June 2016 until close of trading Friday 24th June 2016. Should the extreme volatility that is expected continues into the following week, we will maintain these increased margins.

We encourage you to prepare ahead of time so that if you have open positions in the affected currency pairs, or you plan to open new positions, please ensure your account is funded appropriately.