Forex Leverage Limit 50:1 – Will US Traders Run Away?
It took the CFTC a lot of time, but they finally finalized their ruling for forex: leverage will be limited to 50:1 on major currencies, and 20:1 on minors. The pressure against the initial 10:1 proposal worked, but the industry will still change. American traders: Will you stay with your American broker? In January, the [...]
Forex Links for the Weekend
After a busy week of tense range trading, the markets are now closed, and it’s time to sit back and enjoy some long-term forex-related articles. Here are the picks. Enjoy: Andrei lays out the third part of series about the “biggest forex scam”. In a related matter, also signal providers may be problematic. If you’re [...]
7 Notes for Forex Hedging
One of the popular hedging methods in forex is buying and selling the same currency at the same time and eventually making a profit out of it. Here’s an explanation of how this interesting system works, and a few tips that will help reducing the risks. And there are risks. The system The trader buys [...]
Forex Links for the Weekend
After a busy week of breakouts, it’s time to relax with some reading for the weekend. Here are my favorites. All of them have a longer scope than a single day’s trade. Adam Kritzer asks where was the SNB in the last moves of the Swiss Franc, especially against the Euro. Kathy Lien looks at [...]
Introducing Brokers Join the Fight Against the CFTC
The proposed regulation by the CFTC isn’t only about leverage. It consists of regulations that are a big blow to brokers and to introducing brokers. A group of IBs has joined forces to challenge the CFTC in a new site: ibcoalition.org. All the founding members of this coalition are members of the NFA. Regarding permits, [...]
Forex Links for the Weekend
Here are some interesting forex-related articles from selected blogs. All of them have a scope of over one day’s trade, and they are in a variety of fields: Adam Kritzer writes about optimism in Europe. EUR/USD doesn’t only enjoy the dollar’s weakness, but also strong European recovery. Eric deCarbonnel talks about gold reaching the breaking [...]
Forex Demo Account – The Basic Broker Check
I’ve received a letter from a reader asking me to help him chose between two forex brokers. Before getting into the details, I asked him if he had tested those brokers with a forex demo account. I was surprised that he didn’t even consider it. This is very important: you should always test a broker [...]
New NFA Regulations – Dos and Don’ts
The new NFA regulations have arrived. For those of you who are trading with American brokers, here’s a basic list of things you should do, and more importantly, a short list of things you shouldn’t do. The last hedge free forex trading week is over. When trading will resume on Monday, August 3rd, the new [...]
Forex Weekly Outlook – August 3-7 2009
The first week when the new NFA rules are in effect is also packed with many major indicators. Rate decisions in Australia, Britain and Europe are the hottest events until Friday Non-Farm Payrolls – king of forex. There are lots more important events in the first week of August. Last week closed with GDP for [...]
Forex Links for the Weekend
In anticipation for a week full of important events and of course the new NFA regulations, here’s a bunch of interesting forex-related articles from across the web: Kathy Lien looks back at headlines from 1930 and sees there are great similarities. I find this crisis flashback quite fascinating. Michael Greenberg, at Forex Magnates, made an [...]
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