Brexit: What’s Next & Making Money as an Online Share Trader During this Period
Thursday, February 23, 2017, 6:00 PM | Leave Comment
“The UK wants to leave and pay nothing. It’s not possible. There must be a threat, there must be a risk, there must be a price.” – French President Francois Hollande.
Brexit continues to dominate the daily news. Even though more than seven months have passed since Referendum day (June 23, 2016), the United Kingdom (UK) is still divided between those who believe that Great Britain should remain part of the European Union (EU) and those who believe that leaving the EU is the right thing to do.
An editorial comment published by the Independent.co.uk on January 1, 2017, states that the Independent Online believes leaving the EU to be a mistake, and the author of this commentary opines further “that [it] does not mean that we refuse to accept the decision of the people, but it does mean that we should be cautious as we proceed.
We should seek to mitigate the damaging effects of leaving the EU, and as a nation we should try to keep our options open.”
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What’s next?
MPs recently voted to pass a crucial amendment to the Article 50 request for the U.K. to leave the EU. In my limited understanding, this vote is on whether to prevent or allow the Prime Minister from taking Britain out of the EU, if no deal between the UK and the EU is approved by the members of parliament.
Should the UK leave the EU without a negotiated deal setting out the terms and references of the relationship between the two, or should the country stay in the EU until the government can finalize the stated deal?
According to legislative experts, the talks between the two parties will be so complex that there is no guarantee that agreement on all of the issues will be reached.
In my opinion, it seems to be probable that there will be no agreement between the UK and the EU. It is also obvious that the outcomes of a hard Brexit versus a negotiated Brexit will be very different both for the UK’s citizens, as well as the economic migrants working in the UK.
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Financial market trading
The global financial markets are currently in a state of flux and volatility, and they are likely to remain unsettled for a while longer. This is mainly as a result of the global geopolitical and socio-economic events that continue to take place around the world.
Brexit is just one of these major events. Other events include Donald Trump’s election and the global reaction to his radical executive orders, the war in Syria, China’s response to Donald Trump’s utterances about the relationship between these two countries, as well as Russia’s positioning of herself as a global power.
In order to survive when the markets are wavering, it’s vital that, as an online trader, you ensure that you modify your investment strategies in order to take into account the fact that the markets might rise or fall unexpectedly.
I believe it is possible to increase the value of your investment portfolio during these troubled times.
You might not be able to go about it in the same way that you would if the markets were stable, by relying on very small movements in the daily prices of the underlying assets that you can trade on.
As an alternative, here are a few tips to help you thrive in the current market conditions:
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Research, research, and more research
It has always been a good idea for you to research the price history and price movements of all of the underlying assets you wish to trade on; nonetheless, before it was not always paramount that you conduct a thorough research into the complete historical, current, and future price record of all of the underlying assets.
You might have been able to get away with a certain amount of guesswork in the past; however, this is no longer possible.
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Stick to your investment strategy
Decide what investment strategy you are going to employ when placing trades. You will be able to base your decision on the outcomes of your research; therefore, you do not need to second guess yourself.
If you have done the research, then you will be able to make the best investment decisions under the circumstances.
Final thoughts
I believe that it is possible to increase the value of your investments, thereby growing your wealth even though the global financial market conditions are currently a challenge to trade in.
It is vital to partner with a reliable, trustworthy, and reputable online trading broker, educate yourself in the idiosyncrasies and variances of the current market conditions, and lastly, trust yourself. You are capable of making the right investment decisions!
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