Forex Trading Profile of FCMReform | Myfxbook

FCMReform

Joined Aug 07, 2012

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Experience: No Experience

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Recent Posts

Anyone burnt by PFGBEST's closure?

We've been told by the NFA that the instant "view only" bank account access that FCM's must now grant to the NFA is not applicable to Forex Dealers. In short, NFA is not requiring forex dealers provide the same instant bank account access that Futures Commission Merchants provide. This is the cle...

3490

Aug 31, 2012 at 21:17

Anyone burnt by PFGBEST's closure?

[b]CFTC Nearing Decision on FCM Reforms?[/b]The CFTC has recently closed the comment period that was associated with the Public Roundtable on PFG:https://comments.cftc.gov/PublicComments/CommentList.aspx?id=1250This could mean that CFTC is nearing a decision and is about to announce their planned...

3490

Aug 29, 2012 at 20:15

Anyone burnt by PFGBEST's closure?

Thanks for the note Raiden. Appreciate it.

3490

Aug 29, 2012 at 20:13

Anyone burnt by PFGBEST's closure?

Reading through the comments at the CFTC a number of good points have been brought up regarding the need for additional protections. Alex Winters made the following comment to the CFTC: https://comments.cftc.gov/PublicComments/ViewComment.aspx?id=58421&SearchText= [Quote]Forex traders should be c...

3490

Aug 27, 2012 at 18:55

Anyone burnt by PFGBEST's closure?

[B]Post-PFG Reforms Gaining Momentum[/B]Two new developments in the last few days indicate that regulators are trying to get out in front of the safety of funds crisis that has gripped the futures/forex industry. However, these reforms may not extend to the retail forex market.On Friday the Nati...

3490

Aug 21, 2012 at 06:18

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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.

EURUSD	1.16012	GBPUSD	1.35428
USDJPY	159.658	USDCAD	1.38875