Mar 12 2010

The rise of forex broker spreads comparison sites

Spreads have always been one of the most important things forex traders are looking at when selecting their forex broker. While this is indeed an important aspect of forex trading often enough the importance of spreads is overrated as there are many more things one need to consider before selecting a forex broker and I [...]

Mar 12 2010

Forex Market Cycles and the Time Frames

Raghee from IBFX says:
“The idea behind my trade entries is to focus on what the pair and the specific time frame is telling me. The “message of the market” can be seen in a different light across the individual time frames. This is a concept that many traders miss. In fact, the most [...]

Mar 12 2010

CFTC charges Helmut Weber, Weber Capital Management with Forex Scheme

Defendant used three websites to solicit customers and misappropriated approximately $280,000 of customer funds.
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) filed a complaint against Helmut H. Weber d/b/a Weber Capital Management (WCM) of Scottsdale, Arizona, charging Weber with operating a fraudulent off-exchange foreign currency (forex) scheme.
The CFTC complaint, filed in the U.S. [...]

Mar 11 2010

CFTC Charges Texas Resident with Operating a Forex Ponzi Scheme

Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today announced that it charged Willie L. Cloud, Jr. and his investment company, C & R Financial, Inc., both of Houston, Texas, with operating a Ponzi scheme in connection with foreign currency (forex) trading.
The CFTC’s complaint, filed on March 4, 2010, alleges that, since at [...]

Mar 10 2010

Interbank FX is offering more seminars for traders

Interbank FX are extending their limited access webinar series with industry professional Raghee Horner. All of their live account holders will have access to their new lower pricing, 100% automated order execution, Dow Jones news that streams straight from the platform and award winning customer service – and now a special invitation to this 3-part [...]

Mar 5 2010

I WANT TO ENTER A TRADE – WHAT IS MY SL?

This is one of those questions that I get asked a lot.
I was reading Raghees’ interesting post, and I had a few thoughts of my own I wanted to share…
At the end of the day, the main issue is the kind of person you are. If by nature, you’re a risky type of person, then [...]

Mar 4 2010

The NFP countdown for tomorrow

Tomorrow’s Friday’s Non-Farm Payroll (NFP) countdown has started with yesterday’s ADP (Automatic Data Processing) Non-Farm Employment Change release at 8:15am EST. Most people regard this as the main starting point to the congestion which always happens as traders across the globe lay in wait for the NFP result. Identifying the range of the [...]

Mar 3 2010

Interview with Todd Crossland – Interbank FX’s Chairman and President

Interbank FX, is a major US broker, and it is lately growing very nicely outside of the US as well. What I find in particularly appealing in this broker is its emphasis on transparency and social elements in Forex – such as the performance page which shows Interbank FX’s real time performance allowing traders to see actual [...]

Mar 2 2010

Currensee now supports Oanda

Currensee, Inc., the first Forex trading social network connecting traders from around the world based on real-time trades, today announced the first of its kind, real-time support for OANDA utilizing the OANDA API. This secure, automatic connection enables OANDA traders from around the world to join Currensee for free and link their live, OANDA brokerage [...]

Mar 1 2010

CFTC charges Ronald Smith aka Safeguard 3030 Investment Club in Forex Fraud Scheme

Smith allegedly misappropriated approximately $800,000; court orders defendants’ assets frozen. Safeguard’s 3030 website which promises up to 30% in 30 days (!) is down.
Washington, DC – The U.S. Commodity Futures Trading Commission (CFTC) today charged Ronald W. Smith, Jr., of Vansant, Va., doing business as Safeguard 3030 Investment Club, with operating a Ponzi scheme involving [...]

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