November 2020 03

Exercise caution on US presidential election day! TeleTrade recommendations

Dear Clients!

Presidential elections will take place in the United States on November 3, 2020. Traditionally, they are a trigger for price volatility in the market. The exit polls and the announcement of the results, as a rule, cause sharp changes in the exchange rate of the US dollar and many other assets.

In view of this, we recommend you exercise caution when entering into new and conducting existing transactions.

  • Track and adjust your positions in accordance with the market situation.
  • Maintain the required level of margin security in your trading account.
  • Consider the risk of a possible widening of spreads due to the likely occurrence of price spikes in the background of elections.

These simple steps will help you avoid the negative effects of volatility if it does occur.