Prepare for the 2024 US presidential elections with our comprehensive guide. Learn trading strategies, market impacts, and risk management techniques to navigate this pivotal event.
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The next US presidential election is scheduled for Tuesday, November 5, 2024. This date marks a significant event not only for US citizens but also for global financial markets, as the election outcome can influence economic policies and market sentiment worldwide.
The outcome of the 2024 US presidential election could significantly influence market sentiment:
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Start trading the US election at IG in five steps:
1. Create a CFD trading account or log in: open an CFD trading account or log into MyIG if you already have an account with us. If you’re not ready to start trading, you can open a free demo account, which allows you to practice risk-free
2. Choose a trading method: over-the-counter traded contracts for difference (CFDs) enable you to speculate on the price of an asset without taking direct ownership of it. This gives you the flexibility to go long if you think an asset’s price will rise, or short if you think it’ll fall. You decide which trading instruments best suit your strategy
3. Select a market: identify the markets you want to trade on, such as indices, forex pairs, or commodities. You can trade on the election by speculating on markets such as indices, shares and forex pairs. The US 500, EUR/USD and US stocks all tend to be affected by the result. Importantly, you need to carry out relevant technical and fundamental analyses for your chosen market
4. Stay updated: monitor US election news and market reactions. With our in-platform news feeds from our expert team and Reuters, plus our range of trading alerts and signals, you never need to miss breaking news stories
5. Place your trade: once you’ve followed all the steps, you’re ready to manage your risk and take a position based on your analysis and market conditions
Trading the US elections can be both exciting and challenging due to the volatility and market reactions surrounding this major event. To help you navigate the 2024 US presidential election, here are a few tips:
As mentioned above, certain markets are likely to be more affected by the US presidential election results, such as:
Hedging risk is crucial during the election period due to potential market volatility. Here are some strategies:
Prepare for the 2024 US presidential elections with our comprehensive trading resources and platforms. Create a demo or live account today to start trading with confidence.
When is the next US presidential election and why is it significant for traders?
The next US presidential election is on November 5, 2024. This event is significant for traders due to its potential impact on market volatility and sentiment. Election outcomes can influence economic policies, trade agreements, and regulatory changes, making it a crucial period for strategic trading.
How can I trade the US presidential election with the IG platform?
To trade the US presidential election, start by opening a CFD trading account with us. Choose your preferred trading method and market, stay updated with election news, and be ready to react quickly to market movements. Utilize our advanced trading tools and expert insights to make informed decisions.
What are the main risks associated with trading during the US presidential election?
Trading during the US presidential election comes with risks such as increased market volatility and rapid price fluctuations. To mitigate these risks, diversify your portfolio, use stop-loss orders, and consider hedging strategies. Staying informed about political developments and market reactions is also crucial for effective risk management.[AS1]
TO Localisation = Please do not add this section for FR [AS1]
1 24/7 excludes the hours from 6am to 4pm on Saturdays (UTC +8), and 20 minutes just before the weekday market opens on Monday morning
2 24/5 for indices, crypto, commodities & forex. During market hours for shares; extended market hours (pre & post market) for most popular shares