The French presidential election is being viewed as post-Brexit Europe’s most important political development, and for good measure. The integrity of the European Union itself hinges upon the outcome and investors are wary of possible ramifications. As we head into the second round of voting this Sunday, here are 5 things you need to know about the French election. 1.
French Election 2017 – Round 2 and the Forex Market
The first round of the French presidential election wrapped up on Sunday with no candidate garnering a majority, so we’re headed to round two in what’s likely to be a closely watched vote. We’ll briefly recap what’s happened, what’s coming up and what the implications are for the forex market.
What is Forex?
Forex (also abbreviated as FX) stands for Foreign Exchange, and in simplest terms it’s the market where foreign currencies are traded. With an average daily trading volume of over $4 trillion, the forex market is the largest financial market in the world, dwarfing the stock market in sheer size and liquidity. This makes forex trading an attractive option for all traders, and provides great advantages and opportunities for the active trader compared to other markets.
How to trade online
“The truth is that trading, both successful and unsuccessful, is more about psychology than tactics.” Jack Schwager Trading, once the sole domain of few individuals, has become available to all in the last decades, thanks to online trading platforms. Today, you are able to execute buy and sell orders yourself in a fraction of a second using computerized trading services. ''S ...