Dear client,
In December we will implement the adjustments that we have decided in recent days. Main point is to rule out the currency pairs EUR/JPY and GBP/JPY, recent months has shown us that these currency pairs caused 'large' losses. We remain trading USD/JPY, because the volatility is lower than in the previously mentioned crosses with the JPY. In addition we reduced the lot sizes, this means that at a maximum two units per trade and in most cases one unit.
Because of the bad past months, the margin level is often at stake. Smaller trading is not possible, every transaction has far more impact than a few months back. This may mean that some positions can not be purchased in your account. This is different for each customer, depending on entry point and/or other factors.
Everybody knows setbacks, the question is how do you deal with setbacks. We will come out stronger! In January we will inform you on our ‘new year promotion’.
Sincerely,
Byung Koo Mulder
Director Mulder FX