So who lost everything during the CHF crisis? | Forex Factory

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So who lost everything during the CHF crisis?

  • #1
  • First Post: Jan 23, 2015 2:56pm Jan 23, 2015 2:56pm
Did anyone here lose their whole account or the majority of it during the CHF explosion? There's a lot of chat about people losing everything and more, but I haven't heard from anyone who actually did.
  • #2
  • Jan 23, 2015 4:13pm Jan 23, 2015 4:13pm
Nope. I lost about 9 bucks on my USD/CAD trade though. I had a setup to go long but it blasted down through my entry and stop before rallying back up. I think 9 bucks is an acceptable loss though, all things considered.
  • #3
  • Jan 30, 2015 3:58pm Jan 30, 2015 3:58pm
Quoting Cyrlous
Nope. I lost about 9 bucks on my USD/CAD trade though. I had a setup to go long but it blasted down through my entry and stop before rallying back up. I think 9 bucks is an acceptable loss though, all things considered.
Very acceptable indeed. I wasn't trading, luckily, or it may have been quite disastrous for me.
  • #4
  • Jan 31, 2015 1:19am Jan 31, 2015 1:19am
Quoting Roofx
Did anyone here lose their whole account or the majority of it during the CHF explosion? There's a lot of chat about people losing everything and more, but I haven't heard from anyone who actually did.
Well considering that it bankrupted four brokers and almost put one, the largest in retail fx trading out of business I would say a LOT of people lost a LOT of money.
Make your losses in demo. Earn your profits live.
  • #5
  • Jan 31, 2015 2:00am Jan 31, 2015 2:00am
gold spreads whacked, lost $3-400 on trades that were near expiry & in good profit, made me sad
"If The Fool persists in his Folly he will become wise." - William Blake
  • #6
  • Jan 31, 2015 2:13am Jan 31, 2015 2:13am
I believe there was a thread made here on that day of the peg removal. You would see comments of traders who ended with negative balance accounts.
  • #7
  • Jan 31, 2015 2:24am Jan 31, 2015 2:24am
12.000 members here and I bet you wont hear from 10 hahahahaha
Learn, a forex trader must, unlearn and relearn he will.
  • #8
  • Jan 31, 2015 2:28am Jan 31, 2015 2:28am
Well I wasn't trading but since I was with alpari I've lost all the trades I could have done with my money in my account with them until the Administrators get their act together, and that of course could be significant one way or the other. Anyway new broker now, much smaller pot but I'm starting to make headway.
I operate with clear definite rules, if I break them I lose BIG!
  • #9
  • Jan 31, 2015 2:45am Jan 31, 2015 2:45am
This is nothing new.


Same thing happened to the former well known Pit Trader Jeffrey Ansani, back in 1994.

http://orderflowforex.com/2011/08/fo...-day-massacre/

It happened in the past and it WILL happen in the future.
Forex is a losers game.
  • #10
  • Jan 31, 2015 4:32am Jan 31, 2015 4:32am
"It happened in the past and it WILL happen in the future."

For sure.


"FX isn't the smartest way to make money. A Job is much more profitable."

It's the quickest way to make money if you get in and get out.
  • #11
  • Jan 31, 2015 10:43am Jan 31, 2015 10:43am
Quoting Forexia
{quote} Well considering that it bankrupted four brokers and almost put one, the largest in retail fx trading out of business I would say a LOT of people lost a LOT of money.
And yet very few of them are here to tell their story. Funny how everyone brags about how well they are doing (usually lies) but go totally silent when they are losing.
  • #12
  • Mar 21, 2016 10:35am Mar 21, 2016 10:35am
so if you had a SL in place you lose what was acceptable to you I know it sounds like a dumb question I just can't understand how people lost a whole account on one deal and some get into debt.​
  • #13
  • Mar 21, 2016 6:34pm Mar 21, 2016 6:34pm
Quoting Ross88
so if you had a SL in place you lose what was acceptable to you I know it sounds like a dumb question I just can't understand how people lost a whole account on one deal and some get into debt.​
That is because they were overleveraged. All we always hear about leverage is how great it is, but never the dangers of it. I guess many people placed positions way too big for their account sizes, being confident that 1.20 will hold forever....
  • #14
  • Mar 22, 2016 4:22pm Mar 22, 2016 4:22pm
Quoting Ross88
so if you had a SL in place you lose what was acceptable to you I know it sounds like a dumb question I just can't understand how people lost a whole account on one deal and some get into debt.​
Er.... how about a 2000 pip slippage? Liquidity shut down.
  • #15
  • Last Post: Mar 22, 2016 5:15pm Mar 22, 2016 5:15pm
Quoting Cyrlous
Nope. I lost about 9 bucks on my USD/CAD trade though. I had a setup to go long but it blasted down through my entry and stop before rallying back up. I think 9 bucks is an acceptable loss though, all things considered.
http://www.financemagnates.com/forex...surpass-1-bln/

Which broker you used?? I noticed only 1 broker made money during this swiss black swan day and don't know how good they are but just talked to support. How do you see this broker?

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