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I'd love to see some references for that if you do find them (I'm not disagreeing with you, just would be interested to read more). That's been my impression o
by SyneRyder 10y ago
I'd love to see some references for that if you do find them (I'm not disagreeing with you, just would be interested to read more). That's been my impression of most Forex trading too, and I've seen people running 'Forex education' courses where style/bling and motivational Instagram quotes seem to be their main selling point. Forex is so highly leveraged that even if you have some degree of success, it seems easy to wipe yourself out with a bad incident or two.
- justincormack 10y agoForex is not highly leveraged per se, but obviously you have to leverage it to help people lose money more effectively, as buying some yen or something and watching it go up and down a bit is a bit boring.
- matwood 10y agohttp://www.businessinsider.com/foreign-exchange-brokers-are-getting-wiped-out-by-the-swiss-francs-surge-2015-1 http://www.businessinsider.com/foreign-exchange-brokers-are-... Basically you can lose 100%+ of your money because of the leverage. When the Swiss Franc unpegged, brokers went out of the business because they could not get clients to cover losses.