The "lesson" SNB told us never ever trust their is "guarantee" in this market. This means:
1, to retail FX traders
Do not go to crowed trades, if you still try, when sniff unusual quit as soon as you can. Especially do not over-leveraged on crowed trades.
2, to retail FX brokers
Do NOT ALLOW high leverage, it's a Gamble business you're making to. This also means as clients we stay away brokers which allow high leverage, esp for serious traders.
3, to Regulation body
It's not enough to emphasize the importance of risk management. Apparently there are quite a few public concerns before about "overly leverage trades in EURCHF" . But only a few take cautious policy to avoid such carnage.
Regards,
Mike
1, to retail FX traders
Do not go to crowed trades, if you still try, when sniff unusual quit as soon as you can. Especially do not over-leveraged on crowed trades.
2, to retail FX brokers
Do NOT ALLOW high leverage, it's a Gamble business you're making to. This also means as clients we stay away brokers which allow high leverage, esp for serious traders.
3, to Regulation body
It's not enough to emphasize the importance of risk management. Apparently there are quite a few public concerns before about "overly leverage trades in EURCHF" . But only a few take cautious policy to avoid such carnage.
Regards,
Mike