25 January 2015
Currency trading has taken the center stage since January 15, 2015. The ripple effect of the recent black swan event caused by Swiss National Bank has driven FXCM a big reversal. On 20 January, 2015 FXCM stock price has went as low as 1.28, finally the FXCM stock price closed the day at 1.6, plummeted by 87%.
Chart worth a thousand words. Anyone prepares to catch the falling knife?
FXCM is a currency-trading company, and it has more than 230,000 customers.
Lesson: Bollinger Bands
Read link from SEEKING ALPHA and Bloomberg Businessweek ,
1) The Swiss Franc Black Swan Event Crashed FXCM’s Stock
2) Leverage Cripples a Currency Broker
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Watch this space here, some great stock will be analyse here. See you more.
Moses
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