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Joel Nathan Ward used to be a hotshot forex guru with millions of dollars of managed account money under his control. Now, he’s looking at 9 years of hard time in federal prison along with an order to repay $11 million to investors. Is he a sleazy scumbag who should be grateful for such a short sentence, or a good guy who is being denied a chance to make amends for one terrible mistake?
Yesterday, the US Treasury and Federal Reserve announced some new regulations to fix all of America’s financial problems. Buried deep inside was a small reference to activating an obscure “Metals Act” regulation from January 1945.
Believe it or not, forex strategies don’t have to be insanely complicated to make money. With this simple 3 moving averages forex strategy, we’ll help you keep things simple and put you on the path to becoming a consistently profitable forex trader.
I really like helping out the FPA’s investigators from time to time. They all try their best to help traders. When a company won’t cooperate in the face of evidence that money is owed to a trader, they file a report with the full Scam Investigations Committee and a Scam Confirmation is issued. They try hard to not label companies as scams, but some companies seem determined to gain that label.
I’m never sure if I love to hate the CFTC or hate to love the CFTC. On the one hand, they’ve been really ramping up enforcement actions against scammers that steal money from traders and investors. On the other, they are more than happy to run around wasting time and taxpayer money to restrict the rights of US citizens and residents to deal with brokers from other countries.
Happy Friday everyone! Words cannot begin to express my joy. An announcement like this is such a rare and wonderful thing. Smaller countries may come and go, but larger nations don’t get founded very often. We are all privileged to bear witness to such a historic event. Just to make this even better, there’s a hugely generous gift from the new nation to the people of the world.
I’ve been a member of the FPA for a long time. I’ve seen some strange reasons used by forex brokers to delay paying money owed to traders, but this one is new. FPA member Ahmet Faruk Arapogla deposited US$4300 into his trading account with AlmaForex. His trading went well and he made a profit of over $6000. Everything was fine, until he tried to withdraw $8000 in April of 2009.