High Volatility on Mexican Peso pairs are expected.
FXDD has announced that the broker has reduced the leverage of all Mexican Peso(MXN) Forex pairs to 50%, at the market closing on January 6th last week.
In case the leverage of your trading account is set to 1:100, then the maximum leverage available for MXN pairs will be only 1:50.
The measure was taken due to the changed political situation in Mexico, over the discussion of “Mexican Wall” between Donald Trump and Mexico. Especially tomorrow on Wednesday, Donald Trump is going to have “General Conference” for the first time.
No specific topic has been announced for the conference, and investors are recommended to monitor the market.
For more information, please contact FXDD support team.
How to prepare for the upcoming Volatility?
By following the news and announcements by brokers, you can see when and to what currency pairs, some high volatility is coming on.
You are recommended to be cautious to market movements more than usual during high volatility in market prices.
Here is what you want to make sure to do to prepare for the upcoming volatility.
- Deposit more and have enough margin to avoid stop out
- No excessive hedging positions because that may just increase margin requirement
- Trade with smaller volumes to avoid “slippage”
- Follow the News to know when the volatility is coming
After all, the trading result is depending on your skill, emotion and luck.
Stay updated with Hercules Finance, and continue making profits!