Wednesday, December 22, 2010
Tuesday, September 7, 2010
NEW FOREX REGULATION OCTOBER 2010
For your information, some of the new currency trading
regulations will begin to be implemented October 18th, 2010. The
regulations seem very fair and are not nearly as drastic as some
were expecting.
The regulations will affect US citizens that are trading
currencies.
Some important updates:
~ The leverage will go down to 50-1 on the majors and 20-1 on the
exotics. In my opinion this is a good thing. Very few traders
should ever exceed this leverage as it is very risky, so this item
will not affect any serious traders.
~ All companies and individuals conducting business with US traders
will have to be registered appropriately. This is actually also
very good, since there are far too many firms conducting improper
business because they are unregulated.
As a trader here are some items for you to take away:
~ If you are currently using an IB that is not registered for any
reason you should switch over to a registered IB in order to get
whatever service was provided to you.
~ If you are currently using a broker that is not registered with
the CFTC and NFA or FSA (UK brokers) you should switch over to a
registered firm.
~ We are not yet sure what will happen to traders trading at UK
brokers yet but will update you as soon as possible.
regulations will begin to be implemented October 18th, 2010. The
regulations seem very fair and are not nearly as drastic as some
were expecting.
The regulations will affect US citizens that are trading
currencies.
Some important updates:
~ The leverage will go down to 50-1 on the majors and 20-1 on the
exotics. In my opinion this is a good thing. Very few traders
should ever exceed this leverage as it is very risky, so this item
will not affect any serious traders.
~ All companies and individuals conducting business with US traders
will have to be registered appropriately. This is actually also
very good, since there are far too many firms conducting improper
business because they are unregulated.
As a trader here are some items for you to take away:
~ If you are currently using an IB that is not registered for any
reason you should switch over to a registered IB in order to get
whatever service was provided to you.
~ If you are currently using a broker that is not registered with
the CFTC and NFA or FSA (UK brokers) you should switch over to a
registered firm.
~ We are not yet sure what will happen to traders trading at UK
brokers yet but will update you as soon as possible.
Friday, September 3, 2010
Sunday, February 7, 2010
Forex Brokers Reviews
Forex brokerage companies connect Forex traders to the Interbank network. Without Forex brokers, Forex trading becomes too hard and even impossible. Forex brokers provide everything that Forex traders need to sit at their personal computers and trade. Although there are many honest brokerage companies, some brokers do not offer reliable and honest services. Checking the reviews that other Forex traders share about the brokerage companies is one of the best ways to stay away from the scam Forex brokers. Here below we have a complete list of Forex brokers. If you have already tried any of them, please share your experiences with others
Razzimania $1000 Forex Plan
What is the solution?
The other problem with greed is that it covers your eyes and doesn’t let you see the bigger picture. You think, to become rich, you should have a $100,000 account and double it every month and as you can not afford to have such an account, you try to double or triple your $5000 account every week to reach to that level but you wipe out your account every month. This is your greed that doesn’t let you sit and calculate and see how much money you could make if you just would be patient and happy with a small amount of profit every month and what account size you would need to become rich in a short time. I have done this for you. Probably you have seen it on the July first week performance report but here I have done it differently and more precisely. I have created a spreadsheet for you that helps see your future. Click here to download the Excel spreadsheet. I have called it Forexoma $1000 Forex Plan.
Enter your account size in the primary account size cell. I have entered $1000 as an example. In the “profit per month” cell, enter 25 which means 25% profit per month (I have already entered it). After you press enter, it calculates the monthly profit you can make.
So, if you start with a $1000 account and you make only 25% profit every month and you don’t withdraw any money for 24 months, you will have a $211,758.24 account and you can make $52,939.56 per month after 24 months or two years.
It is unbelievable, isn’t it? But it is true. You could never imagine that a $1000 account could be changed to such a huge wealth. Please note that to make such an income, you don’t have to triple your account every month. You should only make 25% per month which is extremely easy.
Now try it with different amounts of primary account size and profit per month values and for example see that if you start with a $2000 account and the same 25% profit per month, you will make $105,879.12 per month, after 24 months. Try it yourself and see.
"Your monthly income after two years: $52,939.56"
The other problem with greed is that it covers your eyes and doesn’t let you see the bigger picture. You think, to become rich, you should have a $100,000 account and double it every month and as you can not afford to have such an account, you try to double or triple your $5000 account every week to reach to that level but you wipe out your account every month. This is your greed that doesn’t let you sit and calculate and see how much money you could make if you just would be patient and happy with a small amount of profit every month and what account size you would need to become rich in a short time. I have done this for you. Probably you have seen it on the July first week performance report but here I have done it differently and more precisely. I have created a spreadsheet for you that helps see your future. Click here to download the Excel spreadsheet. I have called it Forexoma $1000 Forex Plan.
Enter your account size in the primary account size cell. I have entered $1000 as an example. In the “profit per month” cell, enter 25 which means 25% profit per month (I have already entered it). After you press enter, it calculates the monthly profit you can make.
So, if you start with a $1000 account and you make only 25% profit every month and you don’t withdraw any money for 24 months, you will have a $211,758.24 account and you can make $52,939.56 per month after 24 months or two years.
It is unbelievable, isn’t it? But it is true. You could never imagine that a $1000 account could be changed to such a huge wealth. Please note that to make such an income, you don’t have to triple your account every month. You should only make 25% per month which is extremely easy.
Now try it with different amounts of primary account size and profit per month values and for example see that if you start with a $2000 account and the same 25% profit per month, you will make $105,879.12 per month, after 24 months. Try it yourself and see.
"Your monthly income after two years: $52,939.56"
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