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The industry will face a big challenge with the new regulations over the next 10 years – James Chen

Posted on February 17, 2010 at 12:36 in Forex, NFA new requirements by Francesc

The industry will face a big challenge with the new regulations over the next 10 years – James Chen
by Mauricio Carrillo

JamesCheng
James Chen

“I remember Francesc’s [Riverola, CEO at FXstreet.com] announcement regarding the launch of the new forex portal website, FXstreet.com ten years ago!”, says James Chen, chief technical Strategist at FX Solution, in an exclusive interview with FXstreet.com on the occasion of the site’s ten year anniversary. James Chen began to trade on the foreign exchange market since the inception of the retail forex market and he could see the very beginning of the FXstreet.com adventure.

Author of the book, “Essentials of Foreign Exchange Trading“, and the “High Probability Trend Following in the Forex Market” educational DVD series, James Chen defines himself as a pure technical trader. He graduated from Tufts University with a degree in social psychology, Chen is also a registered Commodity Trading Advisor and a Chartered Market Technician.

The pure technical trader James Chen believes that the market is right now in a key situation. With new regulations emerging every day, more and more traders to conduct their business with brokers outside the United States. This phenomenon will be one of the most important challenges the industry will have to face up in the long term.

Tags: CFTC, James Chen, Retail Forex

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