October 2010
Posts published in October 2010
What the CFTC/NFA rule changes mean to you…
WHAT’S GOING ON? On July 21 2010, Congress passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. Some of the effects of the bill, specifically the CFTC components with regard to Foreign Exchange Currency trading (“Retail FX”), are to be put into effect as of 10/18/2010. This bill has repercussions that will affect all ...
Don’t become a loser
Common belief is that 95% of retail forex traders lose their shirt. Out of 100 that try to become profitable in forex trading, only 5 succeed and 95 have lost –all- their money. A sobering statistic. IBFX, one of the larger retail forex brokers, recently released statistics on the profitabiliy of accounts held by their ...
