2009-07-08: Forex Magnates Daily Updates

- 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.com (Gain) announces that FIFO rule will not affect their customers so they will be able to keep using stops and limit orders when trading with Forex.com
- NFA's wrath:
- COMPLAINT: On December 22, 2008, NFA issued a Complaint charging Vanguard and Gordon with failing to provide supporting documentation to NFA showing the source of Vanguard's initial capital. ANSWER: On April 13, 2009, Vanguard and Gordon filed an Answer to the Complaint in which they denied the material allegations contained therein. DECISION: On July 7, 2009, Vanguard was ordered to withdraw from NFA membership and be permanently barred from NFA membership and from acting as a principal of an NFA Member. Gordon was barred from NFA membership and associate membership and from acting as a principal of an NFA Member for 30 months. If, after expiration of the 30-month membership bar, Gordon reapplies for NFA membership or associate membership or becomes a principal of an NFA Member, he was ordered to pay a $10,000 fine.
- Varengold Bank FX, a brand of Varengold Wertpapierhandelsbank AG will hold a seminar on Candlestick Analysis trading to raise awareness on the most basic fundamentals for Forex traders. Under the theme of “Candlestick Patterns for Day Trading”, the seminar will provide FX traders with an introduction to Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term, the use of candlestick graphs, candlestick analysis, key candlestick patterns and day trading forex strategies.
- 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.com (Gain) announces that FIFO rule will not affect their customers so they will be able to keep using stops and limit orders when trading with Forex.com
- NFA's wrath:
- COMPLAINT: On December 22, 2008, NFA issued a Complaint charging Vanguard and Gordon with failing to provide supporting documentation to NFA showing the source of Vanguard's initial capital. ANSWER: On April 13, 2009, Vanguard and Gordon filed an Answer to the Complaint in which they denied the material allegations contained therein. DECISION: On July 7, 2009, Vanguard was ordered to withdraw from NFA membership and be permanently barred from NFA membership and from acting as a principal of an NFA Member. Gordon was barred from NFA membership and associate membership and from acting as a principal of an NFA Member for 30 months. If, after expiration of the 30-month membership bar, Gordon reapplies for NFA membership or associate membership or becomes a principal of an NFA Member, he was ordered to pay a $10,000 fine.
- Varengold Bank FX, a brand of Varengold Wertpapierhandelsbank AG will hold a seminar on Candlestick Analysis trading to raise awareness on the most basic fundamentals for Forex traders. Under the theme of “Candlestick Patterns for Day Trading”, the seminar will provide FX traders with an introduction to Forex Trading Forex Trading Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Forex trading is the buying and selling of foreign currencies with the aim of generating a profit. The value of currencies, especially floating currencies, fluctuate to varying degrees. This constant volatility of exchange rates opens the door for speculators to invest in a certain currency against another. The Forex market is the world’s biggest and most liquid market, with over $5 billion turnover every single day, with the market being open 24 hours a day, 5 days a week.It goes without saying Read this Term, the use of candlestick graphs, candlestick analysis, key candlestick patterns and day trading forex strategies.
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