When discussing the impact that Brexit has on trading the Forex market, we should fully understand what the term “Brexit” means, right? Brexit is the withdrawal of the United Kingdom from the European Union; changing the relationship between the two and affecting trade, security, and migration.
A lot has happened over the past couple of days; the Brexit is one of the biggest planned risks event to hit the currency market in the last 40 years! Here at the Apiary Fund, we have been getting some questions about both what happened and what is going to happen now that the UK has voted to leave the European Union.
Some things a Forex Trader needs to be aware of are news events. Any trader that has been suddenly caught in a whirlwind of volatility, spread, and slippage can warn you about the dangers of ignoring these events. The question many new traders have, however, is how does a trader stay on top of all the news events? And which ones are important?