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Re: Crusen post# 17971

Wednesday, 09/16/2015 11:28:14 PM

Wednesday, September 16, 2015 11:28:14 PM

Post# of 18419
I know how serious it is.

FXCM Didn't have their own money in Currency pairs. They make money off of trades that individuals make, and had customers money stored in their accounts. When the markets crashed, They lost all of their customers money in that particular pair, because the groups investing either didn't anticipate the market to drop that fast, or didn't put a stop loss in to protect their profits. Why is that FXCM's fault?

You make it seem like FXCM made a mistake. They did no such thing. It's trading currency pairs. It moves extremely fast, and extremely unpredictably. Everyone who has ever traded currencies knows that, and knows the risk involved. I'd recommend trying it to understand.