“Meet The Experts” has unveiled Forex Nation, a new weekly recap comprising all of the essential developments, stories, and announcements from this past week on the comprehensive Forex Magnates platform.
Last week was a busy one in the Forex Nation, as investors and observers alike digested a generous dose of lackluster May metrics released by several brokers, along with a series of key executive appointments and additions to the Forex Magnates Experts site.
The Experts site welcomed its newest contributor, Alexandre Beliakov, President of Lionstone Investment Services Ltd. Mr. Beliakov joins a distinguished panel and will be handling all Binary Options related content and questions. Binary options has been a notable focus as of late, specifically in regards to the recent iFX EXPO in Limassol, Cyprus. As such, Mr. Beliakov is happy to field any queries or questions in this realm.
In the latest in a series of how-to’s, Founder and CEO of Tradeview Ltd Tim Furey spells out the biggest mistakes entrepreneurs or emerging executives make, drawing upon his wealth of experience in the forex industry. Given the complexities of the industry at large, Furey maintains it is critical to keep your eye on the prize, warning of the most common traps, tapped “Dumb Tax” that would-be entrepreneurs are prone to falling for.
Retail forex traders also received some sage advice from resident expert Rob Booker, weighing in on the quandaries traders face in terms of customer service, while also tackling the prevalence and impact of using trading robots. Indeed, with advanced platforms and tools pushing the envelope for traders, several have turned to new and automated strategies.
Bitcoin Making Bid For The Future?
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A little over a week after taking center stage at the iFX EXPO, Bitcoin continues to peak the curiosities of many, relegated to the measured levels of risk and the continued expansion of digital currencies onto ETFs and forex exchanges. The cryptocurrency has even grabbed the attention of the largest name in investments in the United States, Warren Buffet, who has drawn the collective ire of the Bitcoin-world. On the development front, digital currency users learned of the world’s first Bitcoin-loaded debit card by Xapo, which should be available by the end of the month.
Key Executive Moves
Mitch Eaglstein, one of the forex industry’s leading names and staunch contributor on the Experts site, has been appointed as CEO of Fortress Prime, an expansionary offshoot of Dubai-based Fortress Banking in a bid to serve qualified investors in the public market across the financial world. According to Mr. Eaglstein in an exclusive statement to Forex Magnates regarding the hire, “we will be bringing on a team of top industry veterans and will provide best of class service to the business to business market. In addition to organic growth, we intend I use our strong balance sheet to grow through accretive and strategic acquisitions.” We wish Mr. Eaglstein all the best in his new role.
In other news, the marriage between K Duker and OANDA was not meant to be, culminating in Mr. Duker parting ways with the broker after serving eighteen months as interim CEO – Mr. Duker was instrumental in his focus and expansion towards the the Asia-Pacific region. “After six years with OANDA Corporation, K Duker has decided to leave the company to pursue new opportunities. In my first six months as President and CEO, I cannot even verbalize how much of an asset K has been to me, providing invaluable guidance and insight,” commented OANDA’s CEO Ed Eger in an exclusive statement to Forex Magnates.
In Case You Missed It: Japanese Volumes Dive In May
With the inception of a new month comes the scheduled release of yet another series of metrics for brokers and exchanges, which yielded notable declines across the board in key forex volumes. This included a decline of -7.5% in forex volumes at Japanese Brokerage house DMM.com Securities, GMO Click reporting waning forex volumes of -12.6% MoM during May, and Monex Group revealing an acute decline in global forex volume during yet another month.