Thoughts on brexit and forex?
>>1318673
Brexit won't change shit and forex... wat?
>>1318673
Wait until it's clear which side wins. If remain wins than go long on Sterling, there will be a sizeable appreaciation as those who got out for safety will be repatrating their investments back into the Sterling. If the vote is out than short the Sterling. No one knows how low it will go so it could cause a steady sell off that will lasts months or even years. Whatever happens trading the Sterlinig during the referendum is nothing short of gambling and you should stay on the sidelines.
>>1318679
>Brexit won't change shit and forex... wat?
There is a unanimous consensus that Brexit will cause the Sterling to fall, at the very least in the short term. If you think that Brexit will somehow not effect the forex market or the British and European economies then you should get consider offing yourself.
>>1318673
>Brexit
Short sterling. Consider buying CHF if you own sterling, if not then maybe just stick with the dollar. Bunds are also a save haven.
>Bremain
Buy sterling and FTSE 250.
Of course the point of all this is to do it before the referendum so decide which side you think will win and go with it. If it seems to risky for you then don't take the gamble. This is speculative and requires someone who can handle the risk.
>>1318720
>Of course the point of all this is to do it before the referendum so decide which side you think will win and go with it.
Absolutley not. Wait until it's clear who will win then jump on the trend. There will be plenty of time to catch the trend. Being in the market during the referendum is stupid considering how volatile and illiquid the markets will be.
>>1318712
Most of the deals will still be in place, lol.
>>1318712
Why will Brexit affect Sterling?
Invest 100% in US Equity and the dollar, Europe is a failed meme
No retail level forex trader is doing anything but gambling on the outcome. There is an opportunity to make a killing, but it is a relatively dangerous bet.
>>1318734
Lower profits/losses for lower risk--the ever present question in investing.
>>1318753
Uncertainty. That might seem like a very weak reason to you but all you need to do is look at the markets right after a series of polls revealed that Leave was in the lead; the sterling fell to $1.4 , close to its low of $1.38 right after the referendum date was set. A similar, though larger fall will happen after Brexit; the million dollar question, however, is how long the slump will last.
>>1318791
This. It's the reason why firms are making private polls-they want to profit from the referendum without taking too much of a risk.
