Donald Trump becomes US President today. Are you ready for market volatility?
Today, Donald Trump will take office as the 45th president of the United States. Here’s a great quote by him which online investors should keep in mind.
“Sometimes your best investment are the ones you don’t make.”
by Donald Trump.
Are you ready for the inauguration of Donald Trump as the 45th US President?
This time, you may want to focus on his comments. If you can watch the political event on live TV or online, it would be great to trade through the event.
If you cannot watch the live event, you may want to make sure that you are trading, knowing the following things.
1. Trade with smaller volume
Both High volatility, low liquidity can lead to a difficult market situation for trades to be executed.
You can avoid this problem, by trading with smaller volume.
Smaller trading volume requires smaller space to be executed in the market, thus it becomes easier for trades to be executed.
2. Know the wider spread during the event
Market prices changing faster doesn’t mean that it is even easier to make profit by scalping.
It is because the spread can gets very wider than the usual hours.
Even for major currencies pairs, spread can get wider than 20 pips.