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Trading forex can be extremely profitable. It is also inherently risky. Don’t increase your risk by choosing the wrong broker. I’ve carefully analyzed dozens of forex broker options and reviewed, ranked, and compared them so that you can choose the best forex broker for you.
For most of Wall Street’s history, proprietary trading was the realm of Ivy Leaguers on the trading desks of the big banks. But the big banks blew it in a big way, causing the 2008 financial crisis and their prop trading desks were regulated out of existence. Now, a new type of prop trading firm…
A US judge issued an opinion in the CFTC vs My Forex Funds case. MFF won a minor victory, but may have lost the war. I discuss what this opinion means for MFF and any other US based forex prop firms.
My Forex Funds has finally issues a full response to the CFTC’s charges and even justifies the “slip them to hell” comment. I offer my commentary, talk about the ramifications for other prop trading firms and publish the full MFF response as a pdf.
This week’s prop trading update features another failed firm, Leveled Up Society, which is suffering through a management break up so severe that they had to close the whole fund. Also Winston Churchill (?) and the latest with My Forex Funds.