EUR/CHF Fallout Updated
Forex Magnates have done an excellent job collating the losses incurred by various firms during the recent upheaval in the CHF
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They Made Me Do It
I came across this article and the end part which I have copied below caught me eye. Australian regulations under fire In the wake of the global financial crisis, the United States put a handbrake on the retail foreign exchange industry, limiting it to a maximum leverage ratio of 50:1. However, in Australia, foreign currency…
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Striking Stat of the Day
Many ordinary investors who trade currencies are a bit like casino gamblers: they may think they’ll win, but the odds are they won’t. Aite Group LLC, a Boston-based consulting firm, surveyed retail foreign-exchange traders in 2011 and found only 11 percent expected to lose money. Forty-one percent expected to earn monthly returns of more than…
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