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Just go with ones that do offer protection against neg balance.
and honestly SNB was not a black swan event. A terrorist attack or an earth quake is a black swan event and those slip you like 200-300 pips at most.
You had ECB constantly pushing the euro down and announcing more QE in next week, you knew the schedules speech timing of SNB, you knew that shorting chf was never worth it interms of Risk:reward ratio.
if anyone was long any chf pairs at that time and think they had a black swan... they had it coming. Though i will make the...Ignored
Just a few thoughts:
- The issue I have with Neg balance protection are companies always manage to fit in somewhere in the smallest of print, and cleverest of ways, that gets them out of tricky situations... I mean realistically, how can they protect against ALL negative balances? Imagine if I traded 100 lots, I'd probabily put them out of business single handedly, surely that's a risk they are NOT willing to take realistically
- I only know afterwards that trading EURCHF was a bad idea, so where would one find information out about which pairs you should be avoiding? (People say news but I don't know what's to listen to and what's not.
- 200-300 pips I can understand how it would happen but surly if you cannot withstand a 200 pip loss it's a stupidly silly trading in the first place..