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Foreign Exchange

FX: Not just a winning game

If all the buzz that came my way was true, I don’t think there would be any profitable outfit in FX. Over the past week I have heard that one retail platform has missed a margin call with one of its banks, another lost all the money in a managed fund it was running and a major bank has just lost $1 billion and wiped out all its profits for the year. All possibly true, but then again, all probably not.

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