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SteadyTrade

TWIST 09 - Brexit: How to Prepare in Three Simple Steps

SteadyTrade

SteadyTrade.com

Business, Education, Investing

4.6589 Ratings

🗓️ 15 May 2019

⏱️ 6 minutes

🧾️ Download transcript

Summary

Stephen gives a heads up on how to prepare for Brexit's potential impact on your trading

Transcript

Click on a timestamp to play from that location

0:00.0

This week in Steady Trade with Stephen Johnson.

0:02.7

What's this week in Steady Trade with Stephen Johnson?

0:04.9

Drinking, prescription, drug abuse, prostitution.

0:07.5

What else is in this week?

0:09.0

Just being a doer.

0:11.0

Given Stonson here from Steady Trade.

0:14.1

I am here to talk to you about Brexit.

0:17.2

There's an important date coming up on October 31st.

0:20.6

That is a trader you may need to know about.

0:23.5

So it might feel like the Brexit vote when England initially rejected and said the wanted to leave the EU.

0:32.0

It may feel like it was ages ago, but it was actually just three years ago.

0:35.6

And that date was June 23, 2016.

0:39.4

My opinion on that is emotional vote, no one knew the economics,

0:44.3

and geography shouldn't determine the rights that you have as a human being.

0:49.6

There was initially a vote to leave the EU on March 29, 2019, and England was expected to leave on that date, but after a failed vote, the date has now been moved to October 31.

1:07.0

The question about the October 31st vote is is will it bear any significance on your trading?

1:15.3

Well, if, for example, you were a Forex trader, then the answer is definitely. Since the financial

1:22.0

crisis even in 2008, the pound has been incredibly unstable against the dollar. Hitting lows as 120 and Brexit

1:29.6

seriously really hasn't helped that situation at all. As an Englishman, I am struggling. Will it

1:40.3

bear any significance on microcap, low to medium cap stocks. We have to consider that as a

1:47.4

trader. I'm going to break that down now. Hey there, steady trade listeners. Now we all know that

1:52.4

Tim Bowen is the lead trainer for stocks to trade. But how many of you listeners actually use

...

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