Tag Archives: CHF

Should question other banks and other substandard forex trading brokers from this Swiss National Bank CHF bombshell?

Should question other banks and other substandard forex trading brokers from this Swiss National Bank CHF bombshell?

This came in from someone via my Facebook group (thanks to him for stating)

Here is very interesting thread, especially the part of Saxo Bank trades execution. Poor guys, IMO once the order is executed at certain price, they can’t take it to the lowest low the next day. Poor guys. “”Initaly I was working with 20 000 USD, last morning 12:00 I fell to 16000 usd and I couldnt withdraw it from the account. After that they recalculated my loss and said that I am -400 000 usd, and a bit later -560 000 USD”” http://www.forexfactory.com/showthread.php?p=8000528#post8000528

 

For me I have always questioned shoddy operators like CMC Markets and Saxo Bank. As I don’t need stupid legal threats from Dukascopy, I will just say you cannot legally go after someone with a vague opinion. But read the link above to get a better of what really goes in these questionable brokers and operators of your money.

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Here is the trading forex broker carnage from this Swiss National Bank CHF event

Here is the trading forex broker carnage from this Swiss National Bank CHF event

NOTE UPDATE ON DUKASCOPY CORRECTION:

https://quantlabs.net/blog/2015/01/and-now-a-message-from-dukascopy-regarding-an-incorrection-of-a-forex-trading-broker-losing-due-to-the-swiss-national-bank-forex-fiasco/

Comments found on my Facebook group:

THE SCORE …DUKASCOPY = 40Mln, IG market = $30M; ExcelMarket = GONE; Alpari = GONE; Interactive Brokers = $120M; DEUTSCHE BANK = $150M; Barkley = tens of Mils; Ect ect,
They’re negotiating with Jefferies for $300 loan/takeover and having a PRESS conf. at 2PM EST
CITIGROUP SAID TO LOSE MORE THAN $150 MLN ON CURRENCY MOVES
One guy in our group sounds like he got wiped out with the Alpari bankruptcy?
NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

Swiss National Bank Causes CHF forex Flash Crash Game-Changer according to Bloomberg

Swiss National Bank Causes CHF forex Flash Crash Game-Changer according to Bloomberg

Sleepy Switzerland jolts currency markets
http://money.cnn.com/2015/01/15/investing/switzerland-euro-currency-ceiling/index.html

Chaotic FX Trading Ensues after Swiss Drop Euro Cap
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SNB Causes CHF Flash Crash Game-Changer

After the Swiss National Bank abandoned its long-standing FX rate cap against the euro, the CHF rocketed beyond parity with the EUR, fueled by the strength of the franc. At least investors cannot complain as volatility remains healthy so far in 2015 despite many unknowns including if the European Central Bank’s quantitative easing program will be tabled in a matter of days, and if Greece will remain in the eurozone. >> Read More

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Watch this http://bloom.bg/14DjDUK

SNB Was Ahead of the Curve on Currency: Jane Foley
Jan. 15 — Jane Foley, senior foreign exchange strategist at Rabobank, discusses the surprise move by the Swiss National Bank to end the minimum exchange rate and lower the interest rate to -0.75 percent. She speaks on “Bloomberg Surveillance.”

SNB Was Ahead of the Curve on Currency: Jane Foley

http://blogs.wsj.com/economics/2015/01/15/10-takeaways-from-lagardes-swipe-at-the-swiss-national-bank/?mod=WSJBlog&utm_medium=facebook&utm_source=twitterfeed

I wonder what our Python trading genius Gigi thinks

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NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!