Possible changes in the forex market in connection with the elections in Turkey
We inform you that presidential elections will be held in Turkey on May 14, 2023. This event may provoke a sharp increase in volatility on financial instruments with the Turkish lira and, as a result, an increase in investment risks is possible.
FTM Brokers recommends traders to be more attentive:
- to maintain a margin level of at least 500%;
- to use Stop-loss orders;
- if necessary, adjust the amount of current open positions.
Note that in case of a significant increase in volatility on the forex market, when conditions change at the company’s liquidity providers, an increase in spreads and levels placing orders and (or) suspension of transactions are possible.
Please consider this information when planning transactions on the Forex market.
If you still have any questions, write to us in the chat or contact your personal Manager.
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Risk disclaimer: Please note that the possibility of making a profit is inextricably linked with the risk of losses.
Initiating transactions with non-deliverable OTC financial instruments has a high degree of risk and can lead to losses up to the loss of the entire Deposit.
Making transactions with non-deliverable OTC financial instruments does not imply the transfer of ownership and other rights to the underlying assets.
FTM Brokers warns that the information contained on this website should not be considered as a recommendation for making transactions with non-deliverable OTC financial instruments.
The results of transactions with non-deliverable OTC financial instruments in the past are not a guarantee of future successful operations.
If you have any questions, please contact us by phone
+375 (29) 608 06 86,+375 (29) 808 06 86 or e-mail: [email protected].