Disliked{quote} I agree this is not an idea of over-leverage but terrible oversight and policy by the SNB. What the SNB has done is by creating market imbalance or market inefficiencies. This hampers the credibility and trust of the SNB in eyes of the global world. As policy makers they are responsible in easing the drop/rise of any currency movements. They essentially just dropped a nuke on the markets instead of dropping a nuke on the markets with a parachute, hard landing vs soft landing. It is obviously they would eventually get rid of the peg system...Ignored
I leverage myself in accordance with the size of my account. I know some people around here (and across other forums) trading $1,000 accounts at 50-100K lots. Now, that's their business, I won't judge 'em for it but I wouldn't do that myself. Hell, I traded 1K lots for the longest time despite having a respectable balance. I never began this "venture" with the idea of million-dollar months and gold-plated Ferrari's in my head. Lots of folks do and the retail landscape is littered with the corpses of their blown accounts and shattered dreams.