Thread: Discuss all about FX open

closed the long trades on EU, and wait for better position to long it again

just made a new long trade on EU at 1.2725, got 30 pips now

GBP/USD H4 charting analysis

Sell Limit: 1.5500
Stop Loss: 1.5550
Take Profit: 1.5280

EU drop to 1.26 area now, seems it will keep going down in this week

my short trades on EU all SL now, did not know where it will go to

FXOpen, one of the world's leading FOREX brokers, is pleased to announce "Profitable WeeK 01/23/2011-01/27/2012" - a new weekly ForexCup traders' competition for demo accounts. The registration for the contest on www.forexcup.com has already started. The key feature of the contest is that this time only Gold and Silver will be available for trading.

We decided to give Forex newbies a chance to try their hand in trading precious metals. You can trade gold and silver, just as you can trade currencies, via the user-friendly and convenient Meta Trader 4 trading platform. By the way, trading metals can bring you substantial profits. For example, in December 2011, the winner of the weekly contest managed to increase his capital from 5000$ up to 29000$ trading mainly silver during the 5 competition days. Just imagine it was a live account! Impressive profit, isn't it?

Registration is open until January 22, 2012.
Competition will start on January 23, 2012 and end on February 27, 2012.
The total prize money for the contest is $1000.

FX Market ******* February - the first monthly trading contest for demo accounts in the year 2012! Registration for the contest is free of charge (no entry fees). At the end of the contest, the 20 best traders will receive real money prizes from FXOpen. And the winner will be awarded $900! The total prize money for the contest is as high as $3000. The prize-winners are free to decide how to use their reward – use it for Forex trading in their live accounts or withdraw via any of the payment systems available in MyFXOpen.

Registration is open until January 29, 2012.
Competition will start on January 29, 2012 and end on February 24, 2012.
The total prize money for the contest is $3000.

Official web-site - www.forexcup.com

seems EU is going up again, we can long it at 1.27 aera

the long trades on EU got nice profits, all the lost on the short ones come back now :D

This news just in from FXOpen's Forum concerning the recent out of court settlement between the CFTC and FXOpen.

In January 2011, the United States Commodities Futures Trading Commission (CFTC) filed a civil law suit against FX Open Investments Inc. alleging that FXOpen conducted business in the United States without registering, in circumvention of the regulation requiring registration. FXOpen and CFTC subsequently agreed to settle the matter on mutually acceptable terms, and the terms of that settlement became effective as of January 5th 2012 via a consent order of the Illinois Federal Court.

FXOpen has entered into the consent order without either accepting or denying the allegations set forth by CFTC which are reflected in the “Findings of Fact” part of the consent order. Please note that, as part of the settlement terms reflected in the consent order, FXOpen has agreed to refrain from making any statements contradicting any findings of fact provided in the document and thus may not provide any further comments on the foregoing.

Additionally, FXOpen would like to clarify some aspects regarding the measures the Company has agreed to as part of the settlement as reflected in the consent order:

- The payment of civil monetary penalty of USD 140’000 is a condition mutually agreed upon by the Company and CFTC and was not imposed as a result of a decision reached by the Court.

- The funds that the company is required to return to the US customers are the funds held with the respective accounts at the time these accounts were closed as per the conditions of the settlement and not a “return of illegally obtained profits" or any similar measure as claimed by various third party commentators on the matter.

- Prohibitions on conduct of business contained in the consent order are not permanent injunctions to do business in the US, but are in essence an agreement not to do business in the US without obtaining respective authorization in accordance with the US regulation. The Company is currently in the process of assessing the possibility of applying for such authorization in order to resume serving the Forex needs of US customers.

http://forum.fxopen.com/showthread.p...l=1#post562766

FXOpen Investments Pty. received ASIC license and soon our customers will be able to open accounts in Australian regulated company as well. Hope one day, we get the rights to accept US customers!