Market Volatility Due to Greek Negotiations

After months of discussions Greek Prime Minister Alexis Tsipras and international creditors have failed to come to an agreement on tax and reform proposals, which has caused concerns over the country’s chances of averting an imminent debt default.

Political risk and uncertainty can have a dramatic effect on global currency markets and therefore you should ensure you have adequate equity to cover your positions. Please not there is also a chance that stop-out levels, margin requirements and spreads could possibly change over the coming days. 

How can you protect yourself in time of uncertainty? 

• Place a stop loss in order to protect against losses
• If you are new to Forex witness the markets move from your Demo Platform
• Before you enter any trade decide what you will do for each possible market scenario before it happens 
• If you are new to Forex watch the markets move from your Demo Platform
• Ensure your account is adequately funded to cover your open positions

Please do not hesitate to contact our Client Services team via email at clientservices@ICMCapital.co.uk. in case of any query which may occur during the bank holiday weekend. A team member will get back to you during office hours on 26th May 2015.

 Wish you all the best with your trading!