Errare humanum est. The trade on forex financial markets, despite their technological equipment and currency trading strategy they are operated by people as well. Online currency trading Traders tend to make mistakes like all the people do.

The matter is that forex currency trading mistakes may bring losses equal to millions dollars in one second.

September 2006. J. P. Morgan Securities Japan trader pressed the wrong key on the keyboard and sold the wrong stock. As a result, J. P. Morgan Securities Japan had to buy the stocks back but for a much higher price. Experts assess the company losses as ca. 50 million USD.

June 2006. Tachibana Securities announced about selling 2,6 thousand stock options of internet company Adways. The announces price was 14,47 USD per option. The day before the stocks cost constituted 12 thousand USD per stock. The mistake was seen the very same moment, yet, by the time the sale option was deactivated, 1482 stocks had been sold. The broker is said to have lost over 1,5 million USD.

December 2005. Mizuho Securities were ordered to sell one stock of recruitment company J-Com. It happened just the next day after the recruitment companies IPO. The day before the recruitment company’s stocks were placed with the price 610 thousand Yens per stock. The broker mixed up the blankets and the offer looked like 610 thousand options with cost 1 Yen each. The mistake was detected in one second. Yet, the software did not react on the sell option deactivation order. The J-Com company had only 14 000 stocks. Offer of 610 thousands stocks caused panic on the market. Nikkei 225 index lost 301 point. Mizuho Securities experts assessed the losses over 40 milliard Yens (341 million dollars).