Post Tagged with: "NFA"
Trade Responsibly Chapter 4: Trade With a Registered Broker
There are a lot of forex brokers out there. The forex industry is quite spread out: there are many players in different countries. Competition is great and some small forex brokers compete with the big boys is blessed. Many industries are controlled by a few powerful entities, and it is great that forex isn’t one
FXCM Fined $2 Million for Slippage Issues – Clients Will Be Compensated
The NFA decided to fine US forex broker FXCM for slippage malpractices. The NFA and FXCM reached a deal in which affected clients will be compensated within 30 days, and that FXCM will pay the NFA $2 million as compensation. According to the complaint, FXCM did not ensure efficient execution to all customers, did not
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 Articles for the Weekend – October 31 2009
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