Check out the latest breaking news from the dynamic world of forex trading. Maintain your edge with up-to-the-minute coverage of the latest regulatory changes, industry conferences, broker developments and more.
Most Recent
To capitalize on the growing popularity of trading signals and algorithmic trading, OptionBit has launched a new mathematical algorithm signals system called Algobit. Algobit analyzes all trading assets, selects the most volatile ones and then follows their fluctuations, sending out an alert as soon as a profitable trend is forming. This new program signals the trader to the incoming trend so he won't miss the opportunity to jump on board.
IronFX announced this week that it has received licensing as a Financial Service Provider (FSP) in New Zealand, as well as becoming a member of CRFIN, Russia's leading self-regulating organization and forex regulator. IronFX's is already regulated by CySec, the FCA, and ASIC.
National Futures Association (NFA) has issued a $75,000 fine against James E. Green, Chief Compliance Officer (CCO), a listed principal and an associated person of FX Direct Dealer LLC (FXDD). FXDD is a futures commission merchant, Forex dealer member and retail foreign exchange dealer in New York City.
Detroit, the fourth largest city in America, filed for the largest municipal bankruptcy in U.S. history on Thursday after steep population and tax base declines sent it tumbling toward insolvency. The filing means that if the bankruptcy filing is approved, city assets could be liquidated to satisfy demands for payment.
In 2011, a Mr T Shavers of Texas (Lance Armstrong country) started asking for lenders (alont with ‘Bitcoin Savings and Trust'), under an alias known as ‘the Pirate', to fund his trading strategy. To encourage investors, the SEC claim the Pirate posted that he wanted to borrow money to finance a trading strategy that had risk free returns of 350% per annum.
Some interesting observations can be dissected from the recent Jacob Aaron piece New Scientist Bitcoin sells out as big business moves in. Jacob believes that by after meeting Bitcoin London invitees and linked with vague references to the latest Winklevii venture Bitcoiner's are now selling out on the founding principles of Bitcoin: A new generation of Bitcoiners is taking a different approach.
The world of binary options is never static. This relatively new form of trading has been gaining popularity for years now and has offered traders opportunities to make some quick profits within a short period of time.
The retail forex market in the USA has been consolidating. Industry statistics from 2012 show there are now fewer brokers providing the required liquidity to the retail market, but the remaining brokers are generally growing their client account and asset totals. Several brokers have recently left the market completely.