General

International Forex frauds and irregularities: Pakistan, Nigeria and Sri Lanka

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Looks like Forex is in the center of several frauds and irregularities worldwide and that the amounts involved are increasing. This certainly doesn’t contribute to the credibility of the Forex industry as a whole: In Nigeria: The Central Bank (CBN) …
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Is FIFO The Elephant In The Room No One Is Talking About?

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The NFA has stipulated that brokers must close out offsetting positions each day and that those positions must be closed on a first-in-first-out (FIFO) basis. There are less than 60 days remaining for U.S. Forex dealers to modify their platforms to comply with the new “hedging” requirements.
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Twitter Updates for 2009-05-26

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NinjaTrader scores a large deal with one of the biggest IB service providers in the US – Vision Financial Markets:http://tinyurl.com/ogx8b9 # PFG launches one platform for all – equities, options, futures and forex. http://tinyurl.com/qzb6bs # STIFX now offers Forex and …
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This Thursday on Forex Magnates: Forex Brokers report over $100B in daily traded volume!!!

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The most comprehensive research yet covering almost every large broker in the market unveils the tremendous growth in retail Forex trading volumes. Michael

Twitter Updates for 2009-05-25

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Online Trading Academy sets shop in Canada, works with Questrade, offers Face to Face sessions. http://tinyurl.com/pv9qer # Powered by Twitter Tools.

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Forex Magnates will be migrating to better servers today (success has its price)

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Hello Dear Readers, With the rapid increase in daily visitors and the general popularity of this blog there also comes a technological hurdle – a need to improve the service. Therefore, the blog will be migrating today to a much …
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Twitter Updates for 2009-05-24

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New single currency for the Gulf zone? UAE thinks of joining if the conditions are right: http://tinyurl.com/objzgc # Powered by Twitter Tools.

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Twitter Updates for 2009-05-22

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FXCast (Antigua) now has a Croation IB: http://fxcast.com/ # Crown Forex swan song – calls FINMA liars. Good bye Crown, you won’t be missed… http://tinyurl.com/rd864u # Good article about anti hedging from Alpari’s perspective: http://bit.ly/2gyeO # NFA settles with Michael …
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Twitter Updates for 2009-05-21

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Another Forex ponzi scheme: Michael Riola from Florida flushes $44m of investors’ money down the drain: http://tinyurl.com/pw6tl7 # GAIN Capital CEO, Glenn Stevens, Named Ernst & Young Entrepreneur Of The Year 2009 http://tinyurl.com/qcexy3 # Palestinians prepare to launch OTC Forex …
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Twitter Updates for 2009-05-20

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Forex brokers such as GFT, Windsor, FX Solutions, Saxo and more participate in Oman exhibition:http://tinyurl.com/r5ffqx Dutch broker IS Markets regulated by “FSA of Nevis” (Carribean…) launches: http://tinyurl.com/oeobhu NFA permanently expels Lake Shore Asset Management Ltd. from membership http://bit.ly/LZ9u5 NetSalonFX Deploys Their “Technology …
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