FOREX TRADING – WHAT IS THE BREXIT?? GBP BEWARE!! (2019)
In this video I discuss the BREXIT situation brewing on the Forex market. You may have seen this word appear on the news by now and you may be wondering why it’s a BIG DEAL. The easiest way to answer that question for a FOREX trader is: IT CAN MAKE YOU MONEY.
As you may or may not know by now, fundamental analysis is very important when it comes to anticipating price movement on the FOREX market. Staying in tune with economic events such as the BREXIT will give you hints on which direction the price is headed based on the relationship it has with the economy. Watch this video for a brief description, but also take a look at this great video I found on Youtube that was very helpful and insightful:
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All information in these video tutorials are for educational purposes only and are not intended to provide financial advice. Trading Forex can be very profitable, but you can also lose all of your capital if you do not apply proper risk management to control your losses. Your experiences in the market may also differ from others based on the Broker you decide to participate with. The idea is to win more trades than you lose, but more than likely traders will incur losses on the market. Traders can minimize exposure to risk by using proper risk management procedures.