US presidential election 2024
The last US election garnered widespread interest, with an aftermath that will likely be remembered for generations to come. Learn more about the next US election and how the markets may be affected.
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Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.
Visit help and support for more information.
Call 0800 409 6789 or email helpdesk.uk@ig.com if you have any questions about trading or investing. We're available 24/7 between 8am Saturday and 10pm Friday.
Contact us 0800 409 6789
Call 0800 195 3100 or email newaccounts.uk@ig.com to talk about opening an account.
Contact us 08001953100
Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.
Visit help and support for more information.
Get info fast via our instant help and support portal. Available for account queries, ProRealTime, product info and more.
Visit help and support for more information.
Call 0800 409 6789 or email helpdesk.uk@ig.com if you have any questions about trading or investing. We're available 24/7 between 8am Saturday and 10pm Friday.
Contact us 0800 409 6789
Tips for trading the US election
Tips for trading the US election
Be careful of relying on poll predictions beforehand. They are important, but these are only a guide
Expect plenty of market volatility throughout the night as each state declares the results
Expect key levels to get tested more easily following the news releases and when liquidity is lighter
When is the next US presidential election?
The next United States presidential election is scheduled for 5 November 2024.
Why trade the 2024 US election with us?
Deal GBP/USD from just 0.9 points
Go long or short on a range of currency pairs, including all major USD, GBP and EUR crosses
Free risk management
Protect your capital with guaranteed stops, that only incur a fee when triggered,1 and negative balance protection (UK regulation)2
Choose from a range of price alerts
Stay informed of market movements with percentage and point-based price alerts – exclusive to our clients
Trade round the clock
Speculate with 24-hour trading on leading US indices3 and extended hours on key US shares
How to trade the 2024 US election
- Create a spread betting or CFD trading account, or log in
You can open a live account to use our award-winning trading platform,4 with no pressure to add funds until you want to place a trade. An alternative if you’re not ready to start trading is opening a demo account, where you can practise without ever having to deposit any real funds. - Choose a trading method
Spread bets and 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.
If your prediction is correct, you’d make a profit. Conversely, you’d incur a loss if it’s incorrect. With us, you’ll trade spread bets and CFDs using leverage, which means that you only need to commit an initial deposit called margin to get full exposure. Leverage magnifies both your potential profits and possible losses to the full value of the trade, making it vital that you manage your risk appropriately.However, if you prefer to buy assets, eg stocks, outright, you can do so with our share dealing service. Owning an asset enables you to profit from its increasing price - additionally, in the case of shares, through any dividend payments that might be issued by the company. But you can also incur a loss – this happens if the asset share price is below the original buy price when you sell your investment. While potential profits on investments are essentially unlimited, your losses are capped at the full value of the capital you committed (excluding additional fees).
Select a market
You can trade the election by speculating on markets such as indices, shares and forex pairs. The US 500, GBP/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.Be ready to react to US election news
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.Place your trade
Once you’ve followed all the steps, you’re ready to manage your risk and take a position.
Recommendations on how to trade the US election
Markets are often volatile following a US election. Here are our tips for trading the increased volatility:
- Keep up to date with the latest news
It’s important to keep up to date with the latest news to reduce your chances of being caught out by quickly developing stories. Our award-winning trading platform has a range of built-in tools to help you,4 including news feeds from our in-house experts and Reuters. - React in real time
With us, you can trade US indices round the clock,3 and you’ll get extended hours on key US shares – exclusive to our clients. Plus, with our free trading app, you’ll be able to take a position even when you’re out and about. Ensure you don’t miss key moves
You can set alerts and signals from within our platform to notify you of key price points to buy or sell, so you never need to miss an opportunity because of fast-moving markets. You can change your preferences to receive these alerts by email, SMS or push notification – and you can take a new position or alter an existing one in seconds.Trade on positive or negative price movements
When you take a position with us, you’ll be able to go long or short whenever an opportunity presents itself by trading with spread bets and CFDs. You’d go long if you expect markets to rise, and you’d go short if you expect them to fall.Protect yourself against risk
Remember, it’s important to manage your risk properly as you’ll use leverage when trading spread bets and CFDs with us. This means that you’d only need to commit a deposit called margin, but both your possible profits and losses will be increased to the full value of your position. Ways in which you can manage your risk include capping your maximum risk by placing guaranteed stops on your positions,1 and hedging your portfolio or USD exposure with tax-free spread bets.5
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to 17,000+ global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With more than 47 years of experience, we’re proud to offer a truly market-leading service
Open an account now
Open an account now
Fast execution on a huge range of markets
Enjoy flexible access to 17,000+ global markets, with reliable execution
Deal seamlessly, wherever you are
Trade on the move with our natively designed, award-winning trading app
Feel secure with a trusted provider
With more than 47 years of experience, we’re proud to offer a truly market-leading service
When was the last US election?
The last US election was held on Tuesday 3 November 2020, when all 50 states and Washington DC cast their votes. The result was delayed, with neither candidate able to clinch the all-important 270 Electoral College votes until Saturday 7 November – when the Associated Press declared Pennsylvania for Biden, pushing him over 270 and handing him the presidency.
How can you hedge risk following the presidential election?
You can hedge risk following the presidential election by opening positions that will turn a profit if assets you own – such as currencies or stocks – start to lose money. With us, you can hedge against:
Dollar volatility
We offer over 80 forex pairs including EUR/USD and GBP/USD, enabling you to insulate yourself from currency risk
Share portfolio risk
You can go short on major indices and over 12,000 shares, so you can protect your entire portfolio from downside risk
Weekend movements
We’re the only provider that offers GBP/USD and the UK 100 on the weekend, so you can offset your risk whenever volatility arises
To start hedging, open a live account with us today. Or test out your theory risk free in a demo account.
Markets to watch
In the months leading up to the 2024 US elections, the markets to watch are major USD currency pairs, US stocks and indices, and commodities such as gold and oil. But, it’s important to remember that other factors, eg the coronavirus pandemic, are likely to affect global markets too.
Learn about the impact of coronavirus on the markets
Which markets are affected by the US elections
Here are some of the financial markets that will likely be impacted by the result of the 2024 US presidential election.
- Forex
US dollar crosses, including EUR/USD, USD/JPY and GBP/USD are likely to be volatile – as investors move to price in the effects of new and amended policies
- Stocks and indices
US stocks and indices, including the US 500 and Wall Street, are expected to experience major price movements as the office of the presidency changes hands
- Commodities
The prices of commodities, including gold and oil, are likely to fluctuate in line with expectations for the country’s economic direction in the next four years after the election
Popular markets
Prices above are subject to our website terms and conditions. Prices are indicative only.
US-related news
-
Look ahead: Netflix; easyJet trading; US initial jobless claims; Australia unemployment rate
2024-04-17T15:25:32+0100 -
Beat the street: Bank of America; UnitedHealth; Johnson & Johnson; United Airlines
2024-04-16T15:04:54+0100
Choose us as your out-of-hours trading provider
It’s free to open an account, and you don’t have to fund or trade until you’re ready.
Choose us as your out-of-hours trading provider
It’s free to open an account, and you don’t have to fund or trade until you’re ready.
Choose us as your out-of-hours trading provider
It’s free to open an account, and you don’t have to fund or trade until you’re ready.
Choose us as your out-of-hours trading provider
It’s free to open an account, and you don’t have to fund or trade until you’re ready.
1 A premium is incurred if a guaranteed stop is triggered.
2 Negative balance protection is a regulatory requirement of all providers and not a product of IG. It’s important to note that negative balance protection applies to trading-related debt only and is not available to professional traders.
3 Trading is available around the clock, apart from 10pm Friday to 8am Saturday and 20 minutes just before markets open on Sunday.
4 Awarded best trading platform at the ADVFN International Financial Awards and Professional Trader Awards 2019.
5 Tax laws are subject to change and depend on individual circumstances. Tax law may differ in a jurisdiction other than the UK.
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