By Rob Colville on May 12, 2015 in
If you’ve ever wondered how to trade a key event like a general election, then you are in good company. As we will show you, it really is not as difficult as you may think and the May UK General Election gave us a prime opportunity to profit from a trade set-up with fantastic profit potential!
In fact, we found both a GBP buy and sell set-up on the day of the General Election (GBPAUD buy on daily chart and GBPJPY sell on the weekly timeframe), which meant that we had a hedging opportunity and the ability to profit regardless of who won!
In the short, step-by-step video below, we will show you exactly how we identified both set-ups, managed them and decided where to lock in profits…while keeping the risk low.
As you will discover, the May UK General Election provided us with yet another example of major news event that can be used in our favour, regardless of the outcome. It also gave us further evidence to suggest that providing you are trading set-ups that both conforms to your rules to entry and have good profit potential, then you can simply use news as a catalyst to carry the trade if it does send the trade in the “right” direction. Remember, there’s a 50/50 chance of that!
A decisive Conservative victory caused our GBPAUD buy position to quickly trigger before giving our account fast profits as GBPAUD went to meteoric heights. The GBPJPY sell set-up, on the other hand, did not trigger and, thus, invalidated itself.
How would you feel if could trade master just one universal style of trading that can be used on currencies, indices and commodities on just one timeframe?
That’s the way of The Lazy Trader – keeping things simple, laid back and fluff-free.
Our How to Trade a General Election trade demonstration (see video above) is just one example of how we can apply exactly the same set of rules in selecting the trade set-up, managing it, knowing precisely when to exit the market and take profit…without caring what the news is! Simple.