Some of the 370 traders claiming IG's systems failed also need to take a long hard look in the mirror

Earlier lilac pointed out a story in the Telegraph relating to the group of traders who have been looking to escalate their calls that IG failed to allow them to close their positions over the SNB event.

Reading the story there was one thing that struck me and that was the willingness for individuals to blame everything on IG and not to shoulder any of the blame as to why they lost money

If the broker has acted improperly then I agree they should be taken to the cleaners, as should any broker found to have failed in their responsibilities over the SNB event.

However, when I read that people "lost their life savings", or that they were "offered too much leverage" it highlights that there are many traders who don't have the basic knowledge of simple risk and money management. If the systems and platforms fail then gather the pitchforks and light the torches, but if people fail to understand the risks when they step into trading they've got only themselves to blame

Now, you may think I'm being a little harsh on people who haven't had years of experience, and maybe I am, but it is quite disconcerting to think that people will put lots (and sometimes all) of their hard earned money into something without really thinking about what they are doing. Risk and money management is something we try to teach on ForexLive and something that we want to take up on a greater scale. It's often overlooked by traders who solely concentrate on trying to make money when protecting what they've got is just as important

The points I've made above falls right into what we hope to achieve with education at ForexLive. Greg posted a video over the weekend and he (we) wants your feedback to help us make sure we cover all the aspects of trading that you want to learn, so have a look and let us know what you want