Forex Street Weblog

Visits to LIVE transcripts triple thanks to recorded webinars

Hi everybody,

Visits to our LIVE transcripts section have grown from 300 page views per day to 900 page views since FXstreet's content team started recording a selected set of live webinars.

Yesterday Thursday 29th 486 unique visitors entered to http://transcripts.fxstreet.com to watch recorded webinars of Rob Booker, Adam Rosen, Mihai Marinescu, John Jagerson or Wade Hansen.

And today, we've displayed a new webinar with Sam Seiden! If you want to enjoy free high quality educational webinars anytime of the day, you know where to go:

http://transcripts.fxstreet.com/

Congratulations to everyone!

Francesc

GFT steps into Futures

Hi everybody,

If you were not aware of it yet, GFT recently announced that its product line has been enhanced to include global futures market trading.
GFT Futures, the newest extension of the company, offers trading on more than 100 global futures products from electronic and open outcry markets in 11 exchanges.

Traders will be able to trade all global futures markets offered from its DealBook® 360 desktop trading software platform.

To know more about it, just go to:

http://www.gftfutures.com

Smart move guys... congrats!

Francesc

ITC 2008 Feed-back from Ron Schelling

Hi everybody

I just got an excellent feed-back from my friend Ron Schelling. Ron was a speaker of ITC 2007 and owns  2hedge.com, a company with high expertise in arbitrage and  hedging.

I hope Ron don´t mind I´m publishing here his comments as I found them very useful in order to take a decision of the right location of our 2008 ITC's.

Thanks Ron!

Francesc

Hello Francesc,

I just saw your question about the next ITC.

There are enough FX shows in the USA.
Las Vegas sounds not for the profesional people, just a big money show.
In case you consider the USA my advice is New York.
I was on several such shows/seminars and still the best was in NY.
Only the cold weather was a negative as the major show is in February.

To reach the Americans think about Toronto or even Miami.
Vegas are mainly visited by private traders.
The websites and services of US companies are much different then FXStreet
as they look to close to there own country.
FXStreet shows a more global view.

London is I think the best choice.
You see the more profesional people there, but's expensive too.
People travel half the world to be in the major financial center.

My major choice actually is Barcelona again !
It's more relexed, more friendly and things goes in an easy way.
FXStreet means also Spain, good weather a relexed and interesting seminar.


Best regards,
Ron

FXstreet.com reaching new all-time highs in November?... I doubt it

Hi everybody,

As you all know FXstreet.com made new all-time highs last month. For 3rd month in a row FXstreet.com touched new highs in October:

October 2007
1,316,167 Visits
377,545 Absolute Unique Visitors
3,951,017 Pageviews
3.00 Average Pageviews
00:04:11 Time on Site

If we take data from November 1st to November 26th, we should close November with numbers very close to October highs but not beating them.

I´m expecting to close November with the following numbers:

November 2007
1,287,000 Visits
371,000 Absolute Unique Visitors
3,860,000 Pageviews
3.00 Average Pageviews
00:04:11 Time on Site

It is funny because average page views and time on site are exactly the same than the previous month.

Help me to be wrong... I want to be wrong and beat October's numbers!!!!

:)

All the best

Francesc

ITC 2008....Barcelona and/or London, New York or Vegas?

Hi everybody

It is time for me to take a decision about where we should run the 2nd edition of FXstreet's ITC.

The International Traders Conference 2007 was a success to we know for sure that there will be an ITC 2008.

It seems that Barcelona is going to hold again ITC next year either in October as this year or in May. What we must decide is if we should go for a second ITC 2008 this next year or not.

I wanted that second location to be New York, but my friend Merlin Jeffries from Forex Factory recommended me to go for Vegas in case of bringing ITC 2008 to the US.

The other location being considered is London.

Either London or the US edition should also have to come along a 2 days B2B (business to business) FX event prior the ITC. The idea is to gather all FX industry's participants under one roof for a couple of days and discuss about the market, to announce new products or service and make business meeting with software developers, strategist, money managers, fund managers....

My question is: London or US?

In case of US, where NY or Vegas?

I´ll appreciate your feed back

Francesc

E*Trade Sale May Hinge on Mortgage Portfolio - WSJ

Prospective buyers of online brokerage E*Trade Financial Corp (ETFC) are haggling over the value of its weakening mortgage portfolio, the Wall Street Journal reported Monday in its online edition, citing sources familiar with the matter...

http://investing.reuters.co.uk/news/articleinvesting.aspx?type=bankingFinancial&storyID=2007-11-26T080135Z_01_N26369401_RTRIDST_0_SP_PAGE_012-N26369401-OISBN.XML

To follow up new developments on this, go to:

http://finance.google.com/finance?q=ETFC&client=news

E-Trade to court

Hi everybody,

Glancy Binkow & Goldberg LLP has filed a Class Action lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the "Class") consisting of all persons or entities who purchased or otherwise acquired the securities of E-Trade Financial Corporation ("E-Trade" or the "Company")(Nasdaq:ETFC) between December 14, 2006 and November 9, 2007

At the same time, Gardy & Notis, LLP has filed a securities fraud class action lawsuit in the United States District Court for the Southern District of New York on behalf of purchasers of E-Trade Financial Corporation (Nasdaq:ETFC) securities between April 20, 2006 and November 9, 2007.

Read all
1. Glancy Binkow & Goldberg LLP, Representing Investors Who Purchased Securities of E-Trade Financial Corporation, Announces an Expanded Class Period for a Securities Class Action Lawsuit
2. Gardy & Notis, LLP Files Securities Fraud Class Action for Purchasers of E-Trade Financial Corporation Between April 20, 2006 and November 9, 2007 -- ETFC

Some additional interesting stuff:

From The Montley Fool
- Is Your Broker Bankrupt?
- 5 Stocks Even the Skeptics Like

InterbankFX becomes the second exclusive partner of FOREXSTREET S.L's Managed Account Program (MAP)

Hi everybody,

I´m very happy to let you all know that InterbankFX is joining FOREXSTREET S.L - company owner of FXstreet.com - in its Managed Account Program (MAP).

InterbankFX is joining this way GFT as partner FDM of our MAP program.

InterbankFX is investing $350,000 now and will add other $350,000 in 3/6 months period if performance meets InterbankFX's expectations. Furthermore InterbankFX is going to promote the MAP program among their own clients and partners.

InterbankFX is investing now $250,000 into the existing MAP 8304 CYCLE FX UNLEVERAGED (Program A) and $100,000 into MAP G8 FX VALUE GROWTH LEVERAGED (Program B), the new  5:1 leverage program FOREXSTREET S.L is now offering to the investing community.

"InterbankFX is pleased to partner with FOREXSTREET SL in their new MAP money manager trading program. Based on the results that have been provided to Interbank FX by FOREXSTREET SL, the MAP program will provide an excellent service for the retail investor. One of InterbankFX's goals is to provide the tools for our customers to be successful" just told me a few minutes ago in an e-mail conversation Todd B. Crosland, Chairman and President of InterbankFX.

I want to thank Todd and InterbankFX for supporting the FOREXSTREET´S MAP program. We consider MAP to be lucky to have two such good companies as GFT and InterbankFX as travel partners. GFT is a solid firm, probably one of the best exsiting FDM's, while InterbankFX represents a fast growing company and fresh air for the retail FX industry.

I just hope this is the beginning of something great together.

Francesc

E*Trade's Desperate?

Hi everyone

Some new good information about E*Trade's (ETFC) potential filing for bankrupcy issue.

Keep an eye on this

Francesc

New info:
E*Trade's (ETFC) Desperate Ads Crush Stock Again
Worried about your broker? Make sure you're protected

Published yesterday:
Sector Snap: Online Brokers Pressured
Investors' concerns primarily unfounded

Rob Booker Support and Resistance Trading Video Now Available

Hi everybody

We have just uploaded Rob Booker's webinar record about Support and Resistance Trading.

http://transcripts.fxstreet.com/2007/11/longer-term-sup.html

Great stuff indeed

Enjoy it!

Thanks Rob

Francesc

E-Trade Faces Account Withdrawals; Possible Suitors

Mike Caggeso, Associated Editor at MoneyMorning was informing today that online broker E-Trade Financial Corp was wounded by a surge in account withdrawals after rumours pointing to a possible company's file for bankrupcy.

E*TRADE Financial Corp. (ETFC)

To read the full story, go to

E-Trade Faces Account Withdrawals; Possible Suitors

Related News:
TD Ameritrade might be interested in acquiring Etrade’s retail business
Goldman analyst William Tanona cut estimates for  E*Trade and other financials that have been mired in structuring securities

Francesc

Currency Futures quotes and charts now available on FXstreet.com

Hi everybody

I´m very happy to let you all know that new Futures data is available now on FXstreet.com.

We now have available for you Currency Futures and other commodities, so we are currently offering quotes and charts of a wide range of instruments about Financials, Indices, Metals, Energy, Currency Futures and Other Commodities.

Enjoy them!

Francesc

Goodbye Fibo&Pip? I rather say See you soon

Hi everybody,

On Monday November 12th we publshed the last Fibo&Pip strip.

Josep Giró has been producing a daily Fibo strip for Fxstreet's  for the last two years.

I'm more than thankful to Josep for the hard work done and for having made me laugh too many times when opening FXstreet's home page.

We decided to give Fibo a break.

It is not a goodbye but probably a see you soon mate.

Wherever you are Fibo - pip is very worried looking for you - take care and come back to visit us soon

Thanks Josep

Francesc

Brand new Futures Quotes & Charts available

In our constant effort to improve the services of our web, we have launched a new Quotes & Charts service for the Futures section .

Working with huge exchanges such as CBOT, EUREX, CME, ICE, LIFFE or Euronext we are now able to offer one of the most complete Q&CH service in the whole net. At the Financial section you can see over 30 different instruments, including Euro Bund, Libor, Euribor or even the US treasury notes. We have also expanded our Indices section by adding a huge amount of Indices such as DAX, S&P, DJ or Nikkei counting up to 30 diverse quotes. And finally we have launched the brand new sections of Metal quotes and charts, and Energy quotes and charts where you will find all the information you may need to trade gold, crude oil or silver.

We are sharing this project with Interactive Data and Netdania, two of the leading companies in the sector, which provide us with the most up-to-date information for all the main futures markets.

We are also working on the development of two new sections: Currency Futures Q&CH and related commodities Q&CH. Stay tuned!

We hope that you enjoy it!

Trendex® Performance From July 1st to November 11th 2007

Hi everyone,

I just got Trendex's contributors performance from July 1st to November 11th 2007.

From last review in October 12th, James Wiley added 367 pips, Dave Floyd 172 pips, Gerard Bergsma 154, Toni Juste 46 while Timothy Straiton lost 80 pips.

                      November 11th    October 12th     Dif
Gerard Bergsma    2,008                 1,854              154
Dave Floyd              562                    390              172
Tony Juste              754                    708                46
Timothy Straiton      188                    268               -80
James Wiley        1,179                    812              367

Please, be aware that past performance is no guarantee of future results. Results shown are irrespective of position size, so results may vary substantially. Further, there is no guarantee on the accurateness of the entry and exit levels submitted by the Trendex Contributors to calculate their performance. The tips submitted through the Trendex application should be used for informational purposes only, and no blind following is recommended. Such information is the personal view of the Trendex Contributors at any given time, and will not ever consitute an invitation to trading.

Keep up the good work guys!

Francesc

GFT help wanted

Hi everyone

In the next future we will have a FX classified service working on FXstreet.com. That classified service is going to include a FX market job opportunities section.

As we do not have yet such service working on FXstreet.com, here you have a job offer I just received from one of the best firms in the FX retail indutry, Global Futures Trading - more known as GFT.

GFT is looking for a writing candidate to add to our ever-growing marketing department. If you know of anyone that has 3-5 years under their belt and has a lot of creativity, please have them send a resume to Tim Gort - tgortATgftforex.com

Thanks!

JF

Company: Global Forex Trading (GFT)
Job Title: Ad copy writer - Business Writer

Description: Global Forex Trading (GFT) is a worldwide leader in online currency trading headquartered in Ada, Mich.

A fast-growing financial services firm, GFT is heavily focused on global marketing to international markets. The company was listed on the Inc. 500 in 2006 and 2007, as well listed on the Deloitte Fast 500 for three consecutive years, for its year-over-year growth in annual revenue.

GFT has an immediate opening for a highly creative writer, who can create sophisticated copy that’s aggressive, yet simple enough to reach out to its audiences. The position will offer the candidate growth opportunities in international marketing and applying the latest techniques in online, print and broadcast mediums.

The ideal person for this job will have 4+ years of experience, be extremely detail-oriented, have excellent time-management skills, proven creative copywriting talent, exceptional verbal and written communication skills as well as a 4-year degree in a related field of study.

Apply for this position today!

FXstreet.com at Netvibes.com too

Hi everyone

After publishing on Friday new Kathy and Boris universe at Netvibes, my IT and content guys almost ate me claiming that we at FXstreet.com have a tab for Netvibes too.

You can access to all FXstreet's resources at Netvibes by clicking at the link below:

You can find also other FXstreet.com's content delivery options at

http://www.fxstreet.com/services/delivery-options/

Francesc

Kathy and Boris launch a FX information univers using Netvibes

Hi everyone

Kathy Lien and Boris Schlossberg have just launched a FX information portal using Netvibes software. The portal is designed to quickly and easily brief traders on the latest news in the FX market.

If you wish to visit the site, please go to http://www.netvibes.com/bktraderfx

To get a guided tour of this website they have prepared a YouTube video which you can watch here http://www.youtube.com/watch?v=AAmX90t-txE

Francesc

All ITC pictures at Facebook.com

Hi everybody

Maud is uploading all ITC's pictures at FXstreet's group at Facebook.com

You can view them all at:

http://www.facebook.com/group.php?gid=5145637389&ref=mf

Currently there are 60 pictures, but Maud told me that between today and Monday other 50 pictures will be uploaded too.

Enjoy them

Do not miss party pictures! :)

Francesc

Gisele Bundchen Snubs Dollars for Euros

Hi everybody,

If Supermodels are starting to switch from USD to EUR I guess it is a signal to go long in EURUSD right?

:) Francesc :)

Supermodel Gisele Bundchen reportedly is refusing to accept payment in U.S. dollars because the currency is "too weak."

The Brazilian beauty allegedly has requested to be paid in euros only and will no longer accept American currency because of uncertainty over its strength.

The 27-year-old reportedly has already requested Procter & Gamble -- who employ her as the face of hair product Pantene -- pay her in euros.

Patricia Bundchen, the model's twin sister and manager told Bloomberg in September, "Contracts starting now are more attractive in euros because we don't know what will happen to the dollar."

http://www.sfgate.com/cgi-bin/blogs/sfgate/detail?blogid=7&entry_id=21726

http://www.etftrends.com/2007/11/what-do-supermo.html

U.S. Traders - A Forex Traders Asociation to join?

Hi everybody

For all of you based in the U.S. - Texas traders especially - you may be interested in spending a few minutes of your time visiting

www. ForexTradersAssociation.org

They are a non-profit organization that provides educational programs for the Forex community. They are based out of Houston, Texas, with over 1,000 members nationwide.
They held monthly meetings in Houston, where they bring in reputable trading professionals. Their past speakers range from those that provide specific trading strategies, like John Person, Jake Bernstein and Larry Pessavento; to those that address other important aspects of trading such as Mark Douglas, author of "Trading in the Zone" and Jim Crimmins, President of Traders Accounting and Kathy Lien from FXCM.

To know more about Forex Traders Association, please contact:

Mona Khan
President of Forex Traders Association
monakATspeedymail.org

Let me know more about them... Our job as a FX portal is to support any kind of initiative worldwide to help traders to become better traders. We try to do it ourselves and we must support others that do the same

Francesc

The foundations of trading

Hi everyone

A few days ago we launched two threads at FXstreet's Forum that we consider them key threads for succeeding in the FX market.

One thread was a Rob Booker's idea during FXstreet's ITC and was to upload every day your note card trading journal briefly explaining the why, what, risk and psychology of your trading day.

http://www.fxstreet.com/forum/showthread.php?t=1614 (Rob Booker)

The other thread was an idea of Toni Juste and the idea is to share and discuss about money management techniques

http://www.fxstreet.com/forum/showthread.php?t=1663 (Toni Juste)

CVJ, an old veteran of FXstreet.com and an experienced trader said about them: "These two topics from Rob and Toni are the foundations of trading... absolutely essential... and thank you for promoting their exposure on the forums!..."

I hope you´ll enjoy them as well

We are raffling Rob Booker's latest book among participants, so come on and join in the discussion!

Francesc

ITC's pictures from Ron Schelling

Hi everybody,

Ron Schelling speaker at the 1st International Traders Conference held in Barcelona last week, send us some of the pictures he took at the event.

Some of the pictures were taken in the dinner we had with all speakers the night of Thursday October 25th

http://www.2hedge.com/itc/index.htm

If you have your own pictures and you wish to share them with all of us, please send me a link or send me the pictures and we will upload them to the net

Francesc

I-TradeFX not answered yet FXstreet's Open Letter to U.S. FDM's affected by new NFA's capital requirements

I got an e-mail this week-end that I wanted to share with all of you.

As you already know, I sent an e-mail to all U.S. FDM's that were affected by new net capital requirements from NFA and that were clients of FXstreet.com. All them answered our questionnaire except I-TradeFX.

MG from Florida was asking me about this, so I´m deeply sorry to say that I-TradeFX has not answered yet our questionnaire.

Francesc:

I'm curious... Have you still not yet received a response to your questionairre request from I-Trade-FX top boss? I just had a spirited e-mail response,... a lot of adolescent bluster and angst, with one of their 'bright young men.' thanks, M

FXstreet.com reaches new all-time highs in October

Hi everybody,

Again FXstreet.com made new all-time highs last month. For 3rd month in a row FXstreet.com touched new highs.

In August we touched new highs in visits and page views, while in September we made a new high for unique visitors.

In October FXstreet.com made new all-time highs in everything, unique visitors, visits and page views.

New highs of 1,300,000 visits, 377,000 unique visitors and almost 4 mio page views are really something to be proud off and I do not expect we will be able to beat them till January or February next year.

August 2007
1,234,918 Visits
329,844 Absolute Unique Visitors
3,830,308 Pageviews
3.10 Average Pageviews
00:04:25 Time on Site

September 2007
1,219,961 Visits
367,573 Absolute Unique Visitors
3,613,192 Pageviews
2.96 Average Pageviews
00:04:06 Time on Site

October 2007
1,316,167 Visits
377,545 Absolute Unique Visitors
3,951,017 Pageviews
3.00 Average Pageviews
00:04:11 Time on Site

Again, I want to thank you all for visiting us and making FXstreet.com possible

Thank you, thank you, THANK YOU!

Francesc

GFX Group S.A (Forex.ch) succesfully approves SFBC's review

GFX Group S.A (Forex.ch) announced yesterday that the Swiss Federal Banking Commission (SFBC) determined that GFX Group's business and procedures meet the standards for FX business in Switzerland.

Peter Furrer, CEO at GFX Group S.A said: "The SFBC has – on an exceptional basis – agreed to the following wording: The SFBC has conducted an investigation on GFX Group SA’s activities. As a result of the auditing process, the SFBC has concluded that the activities carried out by GFX Group SA comply with the Swiss banking and securities regulation and lie outside the scope of its supervision.”

Congratulations to Peter Furrer and GFX Group S.A for getting the Swiss Federal Banking Commission (SFBC) approval.

Francesc

Follow Toni Juste's at Twitter

Hi everybody

Our head of trading and FX Advisor Toni Juste is sharing his expertise with traders through Twitter.

If you wish to receive real-time messages from Toni to your mobile or IM (instant messenger), then Twitter is the place:

http://twitter.com/tonyjuste

Go there and check by yourself

Francesc

Francesc

Raffle: post your notecard Trading Plan and win Rob Booker's last book Adventures of a Currency Trader

Hi everyone,

As you have been noticing, this blog has been focused lately on NFA's new requirements latest developments and the latest upcomings about FXstreet's ITC 2007.

To change the subject a little bit for a while, I´m proposing you today to have a little of fun.

I would like you to go to FXstreet's Forum and post there your notecard trading plan explaining the why, what, risk and psycology of it.

http://www.fxstreet.com/forum/showthread.php?t=1614

Among all those that participate there I´ll raffle Rob Booker's latest book Adventures of a Currency Trader

Once you have placed your trading plan at FXstreet's Forum, come back to my blog and place a comment with the subject "I´ve my notecard Trading Plan at the Forum"

Come, let´s have some fun today and learn also from other traders

Francesc