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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Market Wizard
Boca Raton
Trading Experience: Advanced
Platform: Variety
Broker/Data: Optimus Futures, LLC
Favorite Futures: Futures
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Posts: 2,418 since Sep 2010
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Maybe the direction of this thread should be the leverage and margin that was used in FX trading. This could help beginner traders understand that these moves than come unexpected, could have a devastating affects where losses extend beyond their account size and risk capital.

Traditionally, FX was always an asset class that allowed smaller players to come in and trade with very little and today these kind of moves wiped out a lot of retail traders while carrying deficits. The purpose of this is NOT to delegitimize FX trading as an asset class, rather discuss what happens when you over leverage.

This could have happened in crude oil, or gold or other an index where a moves can extend beyond what traders think is normal. Black Swan events..are not so Black Swan.


PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
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