Can you imagine if someone opened a 10k account with 1:200 leverage shorted EURCHF. 2000*10 = 20000 loses! FXCM has to cover the loses with their assets. It's actually a very sad story. Leverage actually is the tool for retail trades like most of us to make money but it's also a knife that will stabbed our back. It's also the same for the brokers.
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