The Swiss National Bank has unpegged the CHF from the Euro, thus removing the cap that was placed due to this, and as a result it has soared over the past day or so. News outlets are reporting that this has been done in anticipation of the ECB's quantitative easing scheme that could be introduced by next Thursday. The Swiss franc went from 1.2 to around just over 0.8 to the euro, but was now at around 1.05 during the mid-morning trades. Do you think this was a good idea, or will this just backfire on them?
Some traders prefer hedging to save from losing trades but I don’t think it’s a good idea. I rather choose using stop loss. Eurotrader offers narrow trading spread and high leverage. The offer smart bridge technology for which you can easily execute your trades.
