We all know it is getting really close, but to what should we pay attention?
Here is some info that could come in handy…
Margins are being raised due to the Brexit
All positions in Currency pairs, Metals, European Indices, and U.S. Indices will be subject to the following margin requirements:
- Increase the margin requirements on all Currency pairs to 200% of exchange requirements.
- Increase the margin requirements on European indices (CAC, DAX, FTSE) to 200% of exchange requirements.
- Increase the intraday margin requirements on all U.S. indices to 100% of exchange requirements with the potential to increase further if deemed necessary.
- Increase the intraday margin requirements on all Gold and Silver contracts to 100% of exchange requirements with the potential to increase further if deemed necessary.
And a personal note, mind your risk! It is probably going to be very volatile. So if it is not your trading style or plan, it could be better to just sit it out. Trade to live another day.