Overleveraged Forex traders now join the ranks

[stock777]

of cab drivers. Yen killed thousands

 

[DrEvil]

Flash Crash 2.0 ...

 

[stock777]

not a fc, just a jump condition. and futures weren't trading so triple the reamage.

 

[tradingjournals]

Quote from stock777:

of cab drivers. Yen killed thousands

30 minutes of hell in usd/jpy. What happened? Stopped hit?

 

[Kanzei]

BoJ intervention?

How many pips did it go before retracing?

 

[galvinlee888]

Will be more interesting if they join ET.

 

[Spike Trader]

Quote from Kanzei:

BoJ intervention?

How many pips did it go before retracing? [/QUOTE



BoJ has been pumping money into the market since Friday.

 

[RCG Trader]

Quote from stock777:

of cab drivers. Yen killed thousands

No, the Yen was rolling over before the crash, some people actually made money, and a lot of it.

 

[RCG Trader]

Quote from galvinlee888:

Will be more interesting if they join ET.

If you can read a price chart, not even the BoJ can hide their intentions.

 

[bali_survivor]

Quote from RCG Trader:

If you can read a price chart, not even the BoJ can hide their intentions.

Yes, but how many of the noobs have taken the time to learn how to read a chart proper? ( and how long does it take to learn if no genuine mentor is available?) Sometimes all they can think about is a carry trade after reading a book (or two) about trading and have never studied risk management.