Nigeria News would like to inform you that the outcome of the upcoming second round of the French Presidential Elections, which will be held on Sunday, 7 May, 2017, will be a significant event and may trigger abnormal forex market conditions, including:
- Extreme market volatility
- Thin market liquidity
- Abnormal spreads
- Slippage on executed orders
Nigeria New would like you to note that as the second round of elections is carried out during the weekend there is a high possibility for pricing gaps during the forex market opening on Monday, 8 May, 2017.
Also, be aware that there is a high possibility of increased volatility during the opening of the trading session on that Monday, or even during the trading sessions before, which is very likely to affect EUR instruments.
In light of the above, Nigeria News would like to notify you that for forex broker may implement the following measures on aforementioned instruments on forex market opening or possibly during the week before:
- Switch to “Close-Only” mode
- Leverage adjustments
- Trading restrictions
We strongly recommend that you take the above risks into consideration when planning your trading strategy and ensure that you have sufficient funds in your account to cover your open positions.
This also includes “hedged” positions which, in case of widened spreads, face the possibility of a Stop Out. #nigeria-news