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This Currency Strategist Thinks FXCM Will Be OK

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This Currency Strategist Thinks FXCM Will Be OK
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Blake Morrow was recently a guest on #PreMarket Prep, a daily trading idea radio show hosted by Joel Elconin and Dennis Dick.

Wizetrade Chief Currency Strategist Blake Morrow discussed FXCM Inc (NYSE: FXCM) on the show.

Morrow felt that FXCM's risk "got ahead of them," however, if the company could pay down its loan, the the stock could recover.

Morrow noted that the FX market was always attractive for traders and that FXCM was the biggest name in the U.S. FX business and would likely remain that way.

FXCM closed at $2.15 Thursday, up 0.94 percent

Listen to the show here:

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