How Will a Possible Brexit Change Your Trading Options?
It is looking increasingly likely that the people and citizens of the UK may vote to leave the European Union, and if so as a Binary Options trader that may pose you with lots of questions if the UK population votes for a “Brexit” as it has become known.
With that in mind today we are going to be briefly looking at any changes that you may have to make if you are a UK Binary Options trader in regards to where you will be able to trade, any potentially profitable trading opportunities that will become available to you in the run up to any possible Brexit and any long term changes to your trading strategy that you may need to put into place.
One thing that may happen is that some of the Binary Option Brokers who are based in other European countries and who are licensed in those countries may have to apply to the UK licensing authorities to have their Brokerages licensed and regulated in the UK, for currently as long as they are licensed in any European country a Binary Options Broker can offer their services legally to any other member states residents and citizens.
In regards to just what Binary Options related trades you should be placing if the vote is looking likely to be a resounding “leave” vote then there are going to be several companies that may see an instant drop or increase in their respective share prices.
Look for countries that primarily offer their goods and services to European states that are based in the UK as they may see some changes in regards to their share values possibly quite negatively if the UK does end up leaving Europe.
Also keep in mind that the currency markets are going to be responding very quickly as the possible outcome of the vote is predicated by a range of polls run up to the actual real vote itself, and as such you really should consider placing some very well thought-out Forex related currency pairing options in addition to any Binary Options trade you place.
Plus, it is very true to say that the money markets will be bouncing all over the place in the run up to and then after the vote, and you could make some very large profits if you can correctly predict the way those money markets will end up moving.