Big day in the markets today

Everyone is focused on the Fed policy announcement at 2:00 PM, and even moreso, the Chairman Powell speech immediately afterward (2:30 PM ET).

There's one word that is at the front of everyone's mind: tapering.
The fear is that the Fed will announce it is tapering its bond-buying, which in turn will make the interest rates go up, which means buying and selling money will become more expensive.

But to put that more simply: if the Fed announces tapering today, expect the markets to react badly.

Now, I think it's probably still a long shot.

But there's still some trading advice I'd give right now:

I like the idea of protecting trades before the fed announcement.

That means tightening stops up in case anything crazy happens, or, if you're even more cautious, close your trades altogether.

Then, when the announcement happens, you can look for more opportunities on Thursday once all the news is out!

There's no reason to mess with the potential volatility of the announcement if you don't have to.

But you should be prepared for the worst if the worst happens. We've got strategies for bear markets, and we're ready to use them if it comes to that.

But until then, all we can do is wait and see.

Happy trading!,

Markay

Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. You may lose more than you invest. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. The information on this website is intended as educational in nature and we do not recommend that you buy or sell any specific financial instrument.

At MarkayLatimer, we are strongly committed to protecting your privacy and providing a safe online experience for all of our visitors while offering a high-quality user experience here at www.MarkayLatimer.com. We know that you care about how the information you provide to us is used and shared. We have developed this Privacy Policy to inform you of our policies regarding the collection, use, and disclosure of Information we receive from users of the Website. Markay Latimer owns & operates the Website. This Privacy Policy, along with our Term & Conditions, governs your use of this site. By using www.MarkayLatimer.com, or by accepting the Terms of Use (via opt-in, checkbox, pop-up, or clicking an email link confirming the same), you agree to be bound by our terms and this Privacy Policy. If you have provided personal, billing or other voluntarily provided information, you may access, review and make changes to it via instructions found on the Website or by emailing us at help@MarkayLatimer.com. To manage your receipt of marketing and non-transactional communications, you may unsubscribe by clicking the "unsubscribe" link located on the bottom of any related email from the Company. Emails related to the purchase or delivery of orders are provided automatically – Customers are not able to opt out of transactional emails. We will try to accommodate any requests related to the management of Personal Information in a timely manner. However, it is not always possible to completely remove or modify information in our databases (for example, if we have a legal obligation to keep it for certain timeframes, for example).