Is it possible to avoid getting wiped out by a move like SNB? -
... 3 4 5

thread: Is it possible to avoid getting wiped out by a move like SNB?

  1. #41
    Junior Member jokiserra0's Avatar
    20
    Hi , I have been demo trading very successfully into the point where I am thinking about going real. However the surprise move by the SNB last week and the resultant horror stories have got me thinking. If you had been long eurchf using a stop loss was there a way to avoid being wiped out? I guess that my question is: are there any brokers that could have guaranteed the execution of a stop loss even in this circumstance, in spite of a massive gap? Because if not, then trading FX is just crazy. Thanks
    Very easy, do not expect your order to be filled at a place where no one wants to take the other hand, eg. Nobody was prepared to buy EURCHF below 1.2 but thousands were prepared to sell. I had been long EURCHF on two brokers, had my SL only above 1.2 and it got full of no slippage.

    Other tips include depositing only a portion of your money with the broker, let us say 20%, and choose the one that says your equilibrium can't go negative.

  2. #42
    If want to avoid getting wiped out by a move like SNB, triangle hedge trade maybe is a powerful method, I think.

  •