UK Elections Today, June 8

I would like to remind you that today the UK is holding their General elections. This is an event that can cause unpredictable volatility which therefore suggests traders to refrain from taking any new positions until this event passes. There will be many people that try and trade the news that will lose money and there will be people that make money purely and simply because it's a 50/50 gamble trading unpredictable news.

It is advised to stay away when this type of news is happening in order to protect your capital. Within forex the main aim is to manage your risk and if we know there is potential risk it's best to remain patient and let the news pass.

My advise is to be wise and let the news pass before taking any new trades and to manage any current trades to take the risk out of them if possible. Don't be one of the traders that regrets their actions when they can be helped by being patient.