What if a broker declare bankruptcy!!! Ftx first whose next?

futures io · 2023-01-01T15:05:08-05:00

Managing risk of losing money is part of the trading and investment business. but managing the risk of getting robbed by your broker is a new level of risk management that requires different skills and mindset. The reason I'm writing this as you have seen few days ago what happened to traders and investors money at ftx. and how $16B disappeared over night and they got screwed by the law legally. Yet Noone said anything very disturbing to watch. And more disturbing to know other brokers are watching …

Discussion in Psychology and Money Management

Updated January 1, 2023

Top Posters

trend train with 5 posts (3 thanks)
bobwest with 3 posts (12 thanks)
SMCJB with 1 posts (6 thanks)
dafeeder with 1 posts (0 thanks)

Best Posters

SMCJB with 6 thanks per post
bobwest with 4 thanks per post
blackgrey45 with 1 thanks per post
trend train with 0.6 thanks per post

1,199 views
23 thanks given
9 followers

Welcome to futures io: the largest futures trading community on the planet, with well over 150,000 members

Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need

You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)