I made a lot of money - about 5% of my account. And my son, who is still practising, made 10% of his account … in fake money, admittedly, but still.
(We trade the EURUSD exclusively and we were both taking short positions.)
We were both quite surprised.
But in retrospect, no Big Bak or Broker should have been surprised.
Dukascopy, the Swiss broker/bank, had said already in November that the SNB shoring up the Euro was not sustainable, and that anyone who thought it was, must have been an idiot: Switzerland is tiny in comparison with the EuroZone!
I have no sympathy with those big brokers and banks - like Alpari UK and Citibank - who made huge losses. THEY at least should have known that the Swiss National Bank shoring up the Euro wasn’t sustainable.
Small traders, on the other hand, who lost their shirts, have my sympathy, because they couldn’t have known.
But the Big Guys, who are supposed to be doing their homework? Serves them right, I say!
I am very sorry for those who lost…and even my best friend who is short was with Alpari-UK and still trading accounts issue was not resolved…