FXCM Is Banned In The U.S.! What Should Traders Do Next?

On Monday, February 8th, 2017 the CFTC’s National Futures Association charged Forex Capital Markets LLC, Chief Executive Officer Dror Niv and Director William Adhout with “engaging in fraudulent activities with respect to its FXCM’s retail customers,” by telling them they used a “No Dealing Desk” order execution model, meaning orders would be executed directly in…

NZD Weakness + USD Strength Makes For An EASY Short in NZDUSD (here’s why)

On March 10, The Reserve Bank of New Zealand (RBNZ) surprisingly cut rates by a quarter of a percentage point to 2.25 per cent, and then, NZD/USD instantly fell nearly 2 percent. Interestingly, just two months earlier, Reserve Bank Governor Graeme Wheeler sounded as if there would be no upcoming rate cuts, and the markets…

They Are Coming For Your Cash!

Many responsible people believe in paying with cash instead of credit. They also may store their cash at home, in a bank, or in a safety deposit box. But unbeknownst to them (and perhaps many of you), various banks and governmental agencies have been working behind the scenes to abolish your use and storage of…