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Help with technical trading terms

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    #11
    Bet on Brexit in euros

    Bet on Bremain in sterling

    Calculate arb =win

    Minted

    Comment


      #12
      If you want to trade Brexit make sure you look up the terms "margin call" and "guaranteed stop loss" and "negative balance protection".

      Brexit could be another EUR/CHF or DJIA 'fat finger' event where price could go against you so violently that your stop doesn't mean anything and you end up not just blowing your antire account but with a negative balance and owing your broker money... Have a read of this :

      How Switzerland made Alpari UK Insolvent in 2015

      Some brokers tried to recover negative balances from thier clients without success, so they have since introduced clauses making customers liable to repay negative balances in the event of something like this...

      That's the risk if using a trading account for Brexit - alternatively just go down the bookies instead

      And the smart money will know the result in advance
      "Is someone you don't like allowed to say something you don't like? If that is the case then we have free speech."- Elon Musk

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        #13
        Not checked the markets but I imagine they're ranging. Wouldn't Owly want a breakout trade, like a short straddle?
        Knock first as I might be balancing my chakras.

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