Justin is one of the most recognisable and trusted market commentators on television, radio, and in the press.
Originally trained as a lawyer, he has observed the retail market industry for 20 years whilst at Barclays Stockbrokers and developed a unique understanding of the market’s roles and benefits for the private investor.
Each week we will bring you Justin’s latest thoughts and commentry.
PRICES, INTEREST RATES, CURRENCIES AND PEGS – ALL SEEM TO BE FALLING. – Read the full article here!
How low can we go? Whether it was the dramatic withdrawal of the Swiss Franc peg to the Euro, with all its ramifications, or through to the less exciting reduction in Danish interest rates, it seems that we are now seeing a developing theme. The snapping of the Swiss peg created some painful reverberations – especially amongst some of the foreign exchange brokerages I was writing about the other week.
What those events so excruciatingly illustrated was the danger of trading not just foreign exchange, but especially with the rocket fuel of leverage to “increase your potential returns” – as well as of course dramatically increasing your risk of very severe losses. Some would say that they had the security of a stop loss order in place. Well maybe that worked for some – but others, even with stop losses agreed and in place, have found that their provider might not even be honouring this! Caveat Emptor.
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