How did he do on the Swiss Franc the other day? I see some hedge funds are going under. Lot of people got caught with their pants down on it.
http://blogs.wsj.com/moneybeat/2015/01/16/six-in-ten-retail-forex-traders-lose-money-each-quarter/
2:21 pm ET Jan 16, 2015
Six in Ten Mom-and-Pop Currency Traders Lose Money Each Quarter
By Erik Holm
FXCM Inc., a currency-trading platform for mom-and-pop investors, on Thursday revealed that its clients had taken a massive hit when the Swiss central bank surprised the world and abandoned its efforts to create a ceiling for its currency.
But that shouldn’t be a huge surprise. After all, about two-third of FXCM’s U.S. clients lose money each quarter. In last year’s third quarter, the most recent available, 68% of the firm’s active U.S. accounts were unprofitable.
That figure holds true across much of the industry. Among six of the biggest firms that allow U.S. retail traders to play in the currency market, a weighted average of 38.3% were profitable, according to Forex Magnates. In other words, more than six in ten were unprofitable.
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