FXCM Announces a $225 Million Loss! (Is Your Broker Next?)
Overview: A discussion of the January 15th, 2015 broker carnage, why it happened, how to deal with it, and what to do to avoid it happening again. On Thursday, January 15th, most U.S. traders awoke to find that the Swiss National Bank (SNB) had removed its exchange rate floor of 1.20 on the EURCHF. As…