Has the latest event with CHF affected your outlook on forex?

[mummumgwz]

Yes it has. If central banks are allowed to drop bombs like this without warning leaving no liquidity in the market, stops imply nothing and you'll lose your tail. I am seriously considering abandoning Currency Market and going back to commodities futures where you will have less likelihood of a 30% drop in moments. I don't want to. This is my favorite market. I will wait until I depart to see if there are any repercussions on the SNB on how this was managed by them. I was trading in the futures market throughout the flash crash and it wasn't even close to this event in dimension.

[moklixxa69]

Which merchandise have you trade in the upcoming market?

[mummumgwz]

Which product have you trade in the upcoming market?

Mostly CL (light sweet crude). I enjoyed NQ (nasdaq), and TF (Russell 2000) alot too. I've been searching into commodities for some time but I haven't felt I knew enough about the fundamentals of these. I've been studying before I trade the ag futures. I should mention that I exchanged GC (gold) too. But I could never get a hold on it intraday. It had been to whippy for my own taste.

[mummumgwz]

quote True, but folks were known to be secured in to their losing positions for days due to restrict movements. I believe, currency is more flexible to remain competitive with interbank, but there continue to be intraday-day no commerce breakers.

Yeah grin I am aware of some of those locked in positions that could not get out. I was being general.

Can you elaborate on what you said in your last paragraph; I believe, currency is more flexible to remain competitive with interbank, but there continue to be intraday-day no commerce breakers?

Thanks smile

[mummumgwz]

quote Check CME rules. I thinkthey stop trading after limit moves, but only for a few minutes.

Oh you're speaking of the CME. Ok. Yes I've been seeing the market during these times (fortunately not in a transaction though). Everything just seems to lock up. But like you said for a few minutes. And when there is any change in price when things get rolling it is no where near as extreme of what we saw.

[abmaham1407]

I took a step back from Forex for a while nonetheless planning on starting a new live account next week. I believe that the CHF situation has affected a lot of people, people that have been buying it'll be rolling in cash now a lot of people have lost all of their accounts being on the wrongside of a transaction. Has this affected you in anyway? Can it be a trading week for you? Or are you rethinking your trading/investing in FX?

Such news is part of the Forex game!

[oxxyo1]

Can it be a standard trading week next week for you? Or are you rethinking your trading/investing in Currency Market?

It is a standard trading week. The reality is, news (being bad or good is just an issue of the negative you are on) can kill any company but at a real company you have to pay at the full amount, no leverage on your side along with the brokers accepting the risk in extreme cases such as this. The FX market is my income, I've got another one from a QA system I am renting to food producers and that I see a lot of similarities and FX seems to be a lot less risk to me. Maybe employees or employees see that distinct, but I am self employed since a very long time so that I don't possess that pillow individuals got used to.

And please don't forget: that the SNB choice affects a lot of different markets, too. Including companies that are real. A buddy of mine just cancelled his switzerland excursion in favor of austria, he will probably not the only one (hotels, airlines, trains, restaurants, shops...).

[Semgio]

I took a step back from Forex for a while however thinking about beginning a new live account next week. I feel that the CHF situation has affected a lot of people, individuals who were buying it will roll in cash today a lot of people have dropped all their accounts being on the wrongside of a trade. Has this affected you in anyway? Can it be a trading week next week for you? Or are you rethinking your trading/investing in forex?

Indeed a lot of folks lost their accounts during the sudden CHF move on Thursday but in my view this is a bad time to take a step back from trading forex. Why?
1. The volatility is back - .
2. Not too long until new regulations will likely be implemented of these probably being diminished leverage. So, if a trader is to succeed with a account this would be an excellent moment.
Of course that those who understand how to trade profitable already, will exchange as before, and the ones that don't have a winning egy/system will not matter since they will lose no matter the leverage or account size.

For one, I wasn't affected by the CHF since I was in a short on EU. But I understand that the feeling of being in a losing trade from back in 2008, when I have not lost my account but a large percent of it.

[AlvamoGokaime]

quote Truly a lot of folks lost their accounts throughout the unexpected CHF move on Thursday but in my view this is a bad time to take a step back from trading forex. Why? 1. The volatility is back - this means money. 2. Not long until new regulations will likely be implemented of these being diminished leverage. Consequently, if a trader is to triumph with a small account this could be a very good moment. Of course that the ones who understand how to trade profitable previously, will trade as before, and those that do not have a winning egy/system...

A lot of traders with small accounts including myself will battle with little to no leverage.

[oxxyo1]

quote The government wants you to take shovel and perform actual work rather than fancying yourself with all these get rich schemes.

They simply want your tax money. They do not care how you make it.

@pinktrade: new regulations just because a couple of brokers went bust is somewhat unlikely. Its distinct to banks bankrupting and taking the market with them. Bad businesses die, better ones emerge or remain. Nothing new, nothing. A few brokers succeeded in managing their risks.

The effect on swiss companies is likely greater than on brokerage companies, they are just the first in line.