My Forex Funds Charged with $300M Ponzi Fraud - Explained

My Forex Funds Charged with $300M Fraud - Explained | How to Choose A Prop Firm to Trade For

Hey y'all...

If you've been under a rock since Friday, a lot has happened. The Commodity Futures Trading Commission filed an injunction against My Forex Funds aka Traders Global Group Inc. in Canada and the United States. The reason...an accusation of FRAUD. They even called the company a ponzi scheme.

Join me in this video to discuss the future of prop firm trading and how you can limit your risk and choose a reputable firm.

What are your thoughts about the future of the prop firm industry? Did MFF ruin it for us all? Do you see regulation as forthcoming? Let me know in the comments.

View the complaint from the CFTC (Commodities Futures Trading Commission)
https://www.cftc.gov/media/919....6/enftradersglobalgr

================================================

Join me as a I take a look at this forex pair and complete a multiple time frame analysis.

I analyze 28 pairs on a pretty consistent basis and choose the pairs that make the most sense for me and my trading style. I mostly look at price action and market structure.

I cover both major and minor pairs. I rarely cover XAUUSD and XAGUSD.

You will typically see me cover the following:

AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
USDJPY
NZDUSD
EURGBP
EURCAD
EURAUD
EURNZD
EURCHF
EURJPY
GBPJPY
AUDJPY
NZDJPY
CADJPY
CHFJPY
GBPCAD
GBPAUD
AUDNZD
AUDCAD
AUDCHF
NZDCHF
CADCHF
NZDCAD

As a technical analysis trader, I focus heavily on the Fibonacci sequence, support and resistance and trendlines to complete my outlook.

===============================================================
Register to Attend the FREE Mini-Course
https://www.TheProfitPlay.co/400pips

Download Your No-Cost Trading Plan Template
https://cutt.ly/c0TY5dn

Join My No-Cost Facebook Group
https://cutt.ly/J1ZM6ng

Download My Lot Size Calculator
https://cutt.ly/21XKa75

Connect with Me on Facebook
https://cutt.ly/0MjpAmD

Follow Me on Instagram
https://cutt.ly/7PKjes2
Learn to Trade Forex Today
https://www.TheProfitPlay.co

Take the FTMO Challenge Here
https://ftmo.com/?affiliates=744

Sign Up for The TradingView - The Software I Use to Mark My Charts https://www.tradingview.com/?aff_id=119107

Sign Up for SmartTrader - The Software I Use to Mark My Charts
https://click.markettraders.com/SH1n


ˑ༄ؘ ۪۪۫۫ ▹SOCIALS◃ ۪۪۫۫ ༄ؘ
IG: @kacijackson_
E: team@theprofitplay.co

Disclaimer
Legal Notice: The views and opinions expressed on this channel are provided for information purposes only and should not be taken as (a) a solicitation of an offer to buy or sell a currency, (b) an endorsement or recommendation of any particular trading strategy or (c) investment advice.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

• Category

  Trade