2009-07-06: Forex Magnates Daily Updates

- GCI Financial now offers 400:1 Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term for traders. Claims to be a driving force behind the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market...
- Help start an Indian Forex brokerage. If you can come up with $20,000 minimum backing and preferably a strategic value, then you are welcome to contact the founder.
- Interview with Gain Capital's CEO about the industry and regulation.
- My friend Jim Hunt from Trading Gurus reports the following: I logged into our virtual private server this morning, excited at the prospect of writing about our first month's live Forex MegaDroid testing using real money. That will now have to wait for a while, because I discovered something even more interesting. The Forex MegaDroid robot had completely stopped working, and not for the first time!
- FXCM launches a $40,000 worth King of the Micro competition
- NFA's wrath:
- On July 1, 2009, NFA's President issued a Notice of Intent to Suspend and Thereafter Revoke Registration to Melvin Securities LLC alleging that the firm is disqualified from registration under Section 8a(2)(C)(ii) of the Commodity Exchange Act. Final Order Conditioning Registration: On July 1, 2009, a Subcommittee of NFA's Membership Committee issued a Final Order Conditioning Registration to Melvin Securities. The Subcommitte accepted the firm's settlement offer and allowed the firm to remain registered as an introducing broker subject to conditions. These conditions remain in effect as long as the injunction entered on March 11, 2009 against Melvin Securities remains in effect or until NFA otherwise permits the firm to become registered without conditions, whichever occurs first. This Final Order becomes effective on July 31, 2009.
- On July 1, 2009, NFA's President issued a Notice of Intent to Suspend and Thereafter Revoke Registration to TradeLink LLC. The Notice of Intent alleged that TradeLink is disqualified from registration under Section 8a(2)(C)(ii) of the Commodity Exchange Act. Final Order Conditioning Registration: On July 1, 2009, a Subcommittee of NFA's Membership Committee issued a Final Order Conditioning Registration to TradeLink. The Subcommittee accepted TradeLink's settlement offer and allowed the firm to remain registered as a FCM subject to conditions. The conditions shall remain in effect so long as the injunction entered on March 11, 2009 against TradeLink remains in effect or until NFA otherwise permits TradeLink to become registered without conditions, whichever occurs first. The Final Order becomes effective on July 31, 2009.
- On July 2, 2009, NFA issued a Notice of Intent to deny Pyndus' registration based on his failure to disclose a state securities action. Final Order Granting Conditional Registration: On July 2, 2009, NFA's Membership Committee issued a Final Order in which it accepted Pyndus' settlement offer and granted him a conditional registration.
- GCI Financial now offers 400:1 Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term for traders. Claims to be a driving force behind the Forex Forex Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Foreign exchange or forex is the act of converting one nation’s currency into another nation’s currency (that possesses a different currency); for example, the converting of British Pounds into US Dollars, and vice versa. The exchange of currencies can be done over a physical counter, such as at a Bureau de Change, or over the internet via broker platforms, where currency speculation takes place, known as forex trading.The foreign exchange market, by its very nature, is the world’s largest tradi Read this Term market...
- Help start an Indian Forex brokerage. If you can come up with $20,000 minimum backing and preferably a strategic value, then you are welcome to contact the founder.
- Interview with Gain Capital's CEO about the industry and regulation.
- My friend Jim Hunt from Trading Gurus reports the following: I logged into our virtual private server this morning, excited at the prospect of writing about our first month's live Forex MegaDroid testing using real money. That will now have to wait for a while, because I discovered something even more interesting. The Forex MegaDroid robot had completely stopped working, and not for the first time!
- FXCM launches a $40,000 worth King of the Micro competition
- NFA's wrath:
- On July 1, 2009, NFA's President issued a Notice of Intent to Suspend and Thereafter Revoke Registration to Melvin Securities LLC alleging that the firm is disqualified from registration under Section 8a(2)(C)(ii) of the Commodity Exchange Act. Final Order Conditioning Registration: On July 1, 2009, a Subcommittee of NFA's Membership Committee issued a Final Order Conditioning Registration to Melvin Securities. The Subcommitte accepted the firm's settlement offer and allowed the firm to remain registered as an introducing broker subject to conditions. These conditions remain in effect as long as the injunction entered on March 11, 2009 against Melvin Securities remains in effect or until NFA otherwise permits the firm to become registered without conditions, whichever occurs first. This Final Order becomes effective on July 31, 2009.
- On July 1, 2009, NFA's President issued a Notice of Intent to Suspend and Thereafter Revoke Registration to TradeLink LLC. The Notice of Intent alleged that TradeLink is disqualified from registration under Section 8a(2)(C)(ii) of the Commodity Exchange Act. Final Order Conditioning Registration: On July 1, 2009, a Subcommittee of NFA's Membership Committee issued a Final Order Conditioning Registration to TradeLink. The Subcommittee accepted TradeLink's settlement offer and allowed the firm to remain registered as a FCM subject to conditions. The conditions shall remain in effect so long as the injunction entered on March 11, 2009 against TradeLink remains in effect or until NFA otherwise permits TradeLink to become registered without conditions, whichever occurs first. The Final Order becomes effective on July 31, 2009.
- On July 2, 2009, NFA issued a Notice of Intent to deny Pyndus' registration based on his failure to disclose a state securities action. Final Order Granting Conditional Registration: On July 2, 2009, NFA's Membership Committee issued a Final Order in which it accepted Pyndus' settlement offer and granted him a conditional registration.
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