lucky for me with the baskets i was only trading 4 pair usd and 4 pair jpy - no chf pairs
i will be wary about trading euro now aswell now, this move by SNB was in part due to ECB goings on in background and SNB euro reserves are massive so they helped prop up the euro - EURUSD could have fallen with 2000 pip slippage aswell without central bank intervention ! !!
I would not be surprised now if some regulations come into force about maximum leverage - I have some brokers that allow 1:1000 leverage
brokers that have gone under have only themselves to blame - they quite clearly did not hedge their swiss book - 99% of retail was long EURCHF!!
a lot of broker a few weeks ago reduced leverage on swiss pairs because of this imbalance - I wonder how many individuals put more money in for leverage because of this...
i will be wary about trading euro now aswell now, this move by SNB was in part due to ECB goings on in background and SNB euro reserves are massive so they helped prop up the euro - EURUSD could have fallen with 2000 pip slippage aswell without central bank intervention ! !!
I would not be surprised now if some regulations come into force about maximum leverage - I have some brokers that allow 1:1000 leverage
brokers that have gone under have only themselves to blame - they quite clearly did not hedge their swiss book - 99% of retail was long EURCHF!!
a lot of broker a few weeks ago reduced leverage on swiss pairs because of this imbalance - I wonder how many individuals put more money in for leverage because of this...