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’Crash and burn, or when F1 meets FX
Vroom!
That’s the speed at which retail punters can be parted from their money on one of the many forex trading platforms that have sprung up in the past decade.
And now you, dear readers, are being offered a slice of the action.
Retail FX hustlers await their fate
On Monday, the CFTC will issue its decision on leverage caps in the forex punting business. It’s a make or break moment for all those firms that offer margin trading to those wanting to play currency pairs.
The $100bn FX hustle
$100bn — that’s the daily figure for trading volume in the retail foreign exchange market, where amateur plungers play the dollar and the like.
The IPO prospectus for Gain Capital, one of the scores of firms tapping into this area of explosive growth,