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but in highly leveraged FX markets even 1% can wipe people out The CHF spike did wipe people out. For example the world's largest currency broker FXCM; http:/

by moe 12y ago

but in highly leveraged FX markets even 1% can wipe people out The CHF spike did wipe people out. For example the world's largest currency broker FXCM; http://uk.businessinsider.com/fxcm-currency-broker-news-2015-1?r=US http://uk.businessinsider.com/fxcm-currency-broker-news-2015... (okay they're not entirely wiped out, only $300MM in the red...)

m52go 12y ago
To clarify, the CHF spiked in value. People who lost had bet against it.
- moe 12y ago
  Apologies, you are of course correct. Round here it is referred to as "EUR drop" (relative to CHF) and I mixed that up. (I fixed this in the original comment)
- malka 12y ago
  People who bet against it were careless. The money was under evaluated by the BNS for years. This was bound to happen.
  - deleted 12y ago
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