2 FX Brokers Suffer "Significant Losses" After SNB Surprise, "In Breach Of Regulatory | Reviews of Brokers and Data Feeds


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2 FX Brokers Suffer "Significant Losses" After SNB Surprise, "In Breach Of Regulatory

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Legendary Market Wizard
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Fat Tails View Post
The problem here is leverage....
I think that the behaviour of the Swiss Central Bank was irresponsible.

**

This is the problem of ALL players AGAINST a central bank.
A trader has to KNOW that any central bank can change at ANY time their pace or system.
It is a game David against Goliath - and we know who normally wins.
The Forex game will shrink for sure after this tsunami and will let move
prospective traders into safer havens.
Second positive effect: The unserious leverage forex companies will either
get out of business or lower their leverage dramatically

GFIs1

** @FatTails: it was the last chance for the SNB before next week EC bank will
fundamentally change their longtime policy too.
Better to get out before that implosion with one blue eye.


Last edited by GFIs1; January 16th, 2015 at 02:24 PM.
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