The Brexit Aftermath-Market Consequences
In case some of you are not aware of what happened a week and a half ago, here’s a quick recap:
UK’s vote for leaving the EU ended up at 53.4% against 46.6% in favour of Brexit. Following the consequences of the vote, the markets reacted violently. The British Pound dropped to an 8-year low and the entire European economy was in a complete shock. Because the UK and the EU capital markets are interconnected, one thing led to another and everything started collapsing.
It wasn’t looking good. However, in the financial market, what usually happens is that everything that goes down must comeback up. With that being said, that’s exactly where you get into the picture. It’s not a secret that Brexit led to a global market panic. People started selling and buying stocks like there’s no tomorrow, andweren’t sure what to expect.
The main sector that got one of the biggest hits was the European banking sector, and the aftershocks were severely felt.
Banks such as Barclays and RBS lost between 18%-21% of their market value, while British Airways decided to issue an immediate profit warning. The FTSE 250 Index fell by 7.2%, while Ford dropped by 6.5%. This is only a small example of what the Brexit aftermath caused.
If you are an experienced trader, you most probably took some notes and followed the market. But if you are not, you might be asking yourself: What’s in it for me? Well, there is actually a lot more than you can imagine.
The potential that exists with trading on the financial market following the Brexit vote is tremendous.
The natural thing to do is to follow the trend of the stock and trade according to it. However, in order to do that, you will first need to familiarize yourself with the type of trading that best suits this principle.
With binary options trading, you can decide if the price of a stock, such as the ones mentioned above, will go up or down based on the behavior of the market, and make up to 400% profit on it. It’s that easy and simple, anyone can do it. This is made possible thanks to a revolutionary trading method that enables each and every trading enthusiast to open a trading position online and select from different expiry times and option types.
The only thing that’s left for you to do is to select the best broker for that purpose. Even though most online brokers will give you the possibility to start trading with a free demo account, only few of them allow you to utilize this feature to the fullest. One of these few brokers is called Opteck. Not only do they offer their traders a free demo account, they also give them additional educational tools and features to enhance and fine-tune their trading predictions.
For a limited time only, when you open a trading account with this broker, you’ll get 3 Risk-Free trades that you can help when opening your binary options trades following the Brexit aftermath.
Make sure you don’t lose the momentum that exists in the market. Register to open your account and start trading today.