Circuit breaker triggered and crash triggering a loss cutoff -522,680 yen (゜´Д｀゜) BRL (Brazilian real) The only FX broker in Brazil and in the future!
【About the FX currency pair BRL/JPY that can be traded only with IG Securities】
The current exchange rate is around 33.6–34.0, and the buy swap points are 92 yen.
The spread was 3–5 pips, but recently it has normally been 5 pips and occasionally expanded to 15 pips.
In fact, on Friday 4/21, the spread was almost over 60 pips for most of the day.
Incidentally, if this crash hadn’t happenedthis would have been the lowest rate in about the last five months.
The abnormal spread widening on that day might have been IG's deliberate attempt to trigger stop-outs?
…because if you want to widen the spread to hunt positions, the best target is when the rate has fallen the most
（If this spread continues, I planned to file a complaint, but the rate recovered the next week and returned to normal）
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Note: IG Securities stops quotes when liquidity of the real is thin. Therefore, normally, if trading is so thin that spreads could widen to 60, IG would have halted the rate… However, on April 21, when the rate was at its lowest, for some reason they did not stop and allowed continued trading with an abnormal spread widening.
Maximum leverage is about 18x (no margin increase even after the plunge)
Margin call emails are sent, but there is no notification email when a stop-out is executed
（Last time, I felt relieved there was no stop-out email, but I found out right afterward that I had been stopped out）
Only the shortfall margin is liquidated（The settlement order is probably First In First Out）
Most companies automatically liquidate all positions when there is a margin shortfall.
However, IG liquidates progressively according to the amount of shortfall that occurs.
This time I was saved by this. If all positions had been liquidated by a company, I would have been wiped out at the bottom of the crash, losing about 1.5 million yen.
Liquidated positions (prepared a different image from the previous article)
Remaining positions (the two profitable positions were added after the crash with courage)
Limit orders are filled even with price differences of less than 1 pip ♪
Many Japanese brokers only see favorable fills when the rate jumps at the start of the week or when there is a large gap.
However, overseas brokers are generally better at favorable fills for limit orders than Japan, and IG is excellent in this regard.
【Why didn’t I run away? Why I added more positions】
1. I lost more than 500,000 yen, but BRL/JPY (real/yen) is still overall in positive territory. Incidentally, this year alone I’m up more than 500,000 yen (in other words, this year I would have earned over 1,000,000 yen).
2. Political scandals in Brazil are a daily affair. Since there are few politicians without scandals, a drop caused by a first impact is unlikely to continue falling thereafter (unless the content is extremely bad…).
2. In this case, it feels like it’s time to accumulate now (i.e., I feel the bottom is near) → adding more positions would be unthinkable if I were to liquidate all positions now.
Here is the chart up to a week after the crash
Unlike the gradual, unclear declines of USD/JPY, the market sharply crashed and hit a bottom, but later remained surprisingly stable.
※ About two-thirds of positions remained uncaptured, so only 40,000 currencies could be added as new positions; if all had been liquidated, I would have entered nearly 200,000 currencies
Even I remain undefeated and have profits exceeding 1 million yen ♪ BRL/JPY (Brazilian real) trading is available at only one company! A invincible account is also complete
※ I can still refer one more person for the Brazilian real trading with campaign rewards
【Highest cash-back point sitePoint Income】
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