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Cable Update (GBPUSD)

Contrary to popular belief, the correlation between gold and the USD (or even the Euro) is weak, at best, check the study in the February issue of Modern Trader Magazine (page 64) and see for yourself.

Cable Update (GBPUSD)

Most regulations are put in place the protect the powerful, not the average law-abiding citizen.

FXCM and CEO Drew Niv banned from US market by CFTC

That was exactly what Hitler said, take a look video

FXCM and CEO Drew Niv banned from US market by CFTC

Jokes aside, here are some interesting stats about the US retail Forex market. In 2016.... FXCM controlled 34% of the market, Gain Capital 26%, Oanda 25%, TD Ameritrade Forex 8% Interactive Brokers 7%.

FXCM and CEO Drew Niv banned from US market by CFTC

Well, I am $3.99 short of $10 Millions, so for Interactive Brokers I still don't qualify as a retail Forex trader ("Application denied, you are $3.99 short, sorry"), hahahaha

FXCM and CEO Drew Niv banned from US market by CFTC

No they did not, it's just that they only accept high net worth individuals now. Gordon Gekko for example.

FXCM and CEO Drew Niv banned from US market by CFTC

I am not sure but I think only people with assets of $10 MILLION or more will be allowed to open leveraged Forex positions with Interactive Brokers.

FXCM and CEO Drew Niv banned from US market by CFTC

Nah, don't worry about some US regulations, keep trading your system with discipline and you'll be fine.

FXCM and CEO Drew Niv banned from US market by CFTC

If you are concerned about transparency trade currencies in the regulated Futures market then, what's the big deal? You can still make a killing even with the 20 to 1 leverage offered in the FX Futures market, you know. Now if you prefer the 50 to ...

FXCM and CEO Drew Niv banned from US market by CFTC

Yes of course, I was talking about FXCM USA and its customers. In the long term FXCM could also sell its entire business to GAIN, that's also a possibility.

FXCM and CEO Drew Niv banned from US market by CFTC

As a reminder FXCM has also its headquarters in Hong Kong, London, Tokyo, Paris, Berlin, Sydney, Dubai, Beirut, Milan, Santiago de Chile, Athens, Jerusalem and Tel Aviv.

FXCM and CEO Drew Niv banned from US market by CFTC

FXCM will be acquired by GAIN, so that's rather good news for the stock. We could see some short-lived selling pressure tomorrow however, before the bargain hunters step in and move the stock higher...

FXCM and CEO Drew Niv banned from US market by CFTC

Their stock only losts 2.14% today on the Nasdaq.

FXCM and CEO Drew Niv banned from US market by CFTC

I made money on their FXCM platform so I cannot complain.

FXCM and CEO Drew Niv banned from US market by CFTC

Well, it's not over yet, FXCM could still appeal. Personally I never had a single problem with them. Anyway.

FXCM and CEO Drew Niv banned from US market by CFTC

No Dealing Desk does not mean anything really, just that there is no physical desk (with real people, tables and chairs). On the other hand, ANY broker could take the other side of your trades by routing them through an electronic desk (software) ...

FXCM and CEO Drew Niv banned from US market by CFTC

Nah, won't happen, these huge Wall Street corporations and big companies overseas still need to hedge their billion dollars operations in the Forex market. And we are not even talking about banks and investors moving trillions of dollars, euros, yen ...

FXCM and CEO Drew Niv banned from US market by CFTC

A total ban? Well in that case we will all have to return to the (less liquid) currency Futures markets (US or Europe).

FXCM and CEO Drew Niv banned from US market by CFTC