Category Forex Articles
Two FPA members fell victim to the scam at Legend Trader Limited, a managed forex accounts service based in Hong Kong.
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?forex scam forex fraud ponzi scheme money laundering
When using the phrase forex swap in the conventional way it is used to describe a derivate trading product that is an agreement to exchange currency between two parties in order to reduce foreign exchange risk. More on this can be read here.forex swaps
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.cftc dodd-frank act
Switzerland is one of the richest countries in the world in terms of GDP per capita and the Swiss Franc CHF is among the most popular currencies traded.
The Swiss franc has a reputation of being a safe haven during times of uncertainty and regularly ranks among most traded currencies in the world. This is mostly due to the fact that The Swiss National Bank, which is the Central Bank of Switzerland is actively involved in the forex market to stabilize CHF`s price in as tight range as possible.
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