Hi everybody,

As you all are already aware, NFA raised capital requirements for FCM’s to $5 million.

That requirement should affect many brokerage firms that are currently taking clients and introducing them into the FX world.
Some of those brokers are currently advertising themselves on FXstreet.com, so I think my duty as a CEO of FXstreet.com is to contact them and get their feed-back about the new situation opened after NFA’s intervention and help this way to eliminate doubts in the FX trader’s community about their reliability.

My proposed questions are as follows:

1. NFA is expected soon to raise capital requirements to Forex brokers. How would you face NFA new requirements?

2.  In case that you don’t meet the new financial requirements, what are you planning to do? Filling for bankruptcy could be a choice for your company?
- In case you had to fill for bankruptcy, are your customers aware of that possibility at this time? Will they be protected in case of bankruptcy?
- How long could take for a customer to withdraw the funds in his/her account?
- Can you guarantee me that in case of bankruptcy each and every customer will be able to withdraw all his/her funds?

Am I missing something? Would you like to add something else?

Please, help me prepare the questionnaire and I´ll send it to FXDD, ITradeFX, FXClub and MG Forex CEO’s

Thanks

Francesc

Well, wrong information I gave you today again….

We are now 21 paid members for October’s ITC 2007 as a company from Luxembourg has just registered one of its employees to the event.

Remember, tomorrow is the last day to enjoy the early-bird discount.

Don´t miss it!

Francesc

Hi everybody,

On July 25th I made a post announcing that we had already 15 paid attendants to FXstreet’s ITC 2007 to be held next October in Barcelona.

Well, I must correct such info as this morning we topped 20 attendants

At this time UK is still leading the attendants country origen with 5 attendants, closely followed by Spain (4), Norway (2), Austia (2), United States (2), Belgium (1), The Netherlands (1), Greece (1), Germany (1) and our Australian guy.

Francesc

It’s Official Now: FOREXSTREET, S.L. is a registered CTA, NFA ID # 0361062

Hi everybody,

Google reviewed upwards Fxstreet’s
traffic numbers for Thursday July 26th so I´m delighted to post
them for you:

62,693 Visits
37,536 Absolute Unique Visitors
182,287 Pageviews
2.91 Average Pageviews
00:08:42 Time on Site

Again, thank you so much for visiting
us!

Francesc

U.S. stocks plummeted on Thursday, with
the Dow industrials tumbling more than 300 points, on signs of
further weakness in the housing market and deteriorating conditions
for corporate buyouts.

Dow fell 2.26%, Nasdaq 1.84% and S&P
500  2.33%. For a second Wall Street was pretty close to touch its
biggest fall since 2002.

This had an impact on Major world
indices. London fell 3.15%; Paris 2.78% and Frankfurt 2.39%, while
Japan fell 2.7%.

This broad sell-off on stocks gathered
FX traders interest that massively came to Fxstreet.com for news,
driving the site to reach a new all time high in unique visitors,
visits and impressions in a single day.

FXstreet.com touched yesterday:

59,663 Visits
36,332 Absolute Unique Visitors
172,824 Pageviews

And an outstanding 00:08:40 average
time on site

Francesc

After writing the post "150% in returns in less than two months… Congrats ekaran!" this morning based on Friday’s July 20th results, Alberto the contest manager sent me this week’s numbers and for my surprise I saw that aguspiza has gone down from +106.39%
to -70%…

I´m terribly sorry to hear that and I just wish you’ll manage it to recover from losses.

All the best of the lucks in the
world, aguspiza

Francesc

Cyril G. from Australia just signed up today to attend our International Traders Conference 2007 next October in Barcelona.

Cyril, I’m very happy to see that somebody from exactly the opposite side of the world from Barcelona is willing to have a 24 hours trip to attend our Conference.

I just hope you’ll have a great time in my city Barcelona and when you’ll be back to Melbourne you’ll be very pleased of having come.

Thanks a lot for your confidence and see you in Barcelona!

Francesc

Hi everybody

This FX Trader of the Year 2007 contestants don´t stop amazing me…… 150% return in two months!!!

Ekaram repeats again in the first place of the ranking, followed by aguspiza who has doubled his account.

The top 5 best performers from June 1st to July 20th are the following:

ekaram 150.45%
aguspiza  106.39%
zunismyst 73.43%
capa76 22.00%
k. pitt 15.44%

Now I want to see if you guys are able to keep the profitability track without entering in big drawdowns that could mine the extraordinary good performance you have had so far…. Let’s see the coming weeks how you perform but in the meantime, congratulations to all of you!

Francesc

Hi everybody,

An interesting news published last Friday on Reuters that got into my hands today… Probably you have already read it, but just in case you did not, here you have:

FX gains favor with smaller investors, at a cost

It does not say much we all don´t already know by now, but it is always good and refreshing to think about the growing importance of the FX retail market and its risks

Have a good reading

Francesc