This week in Foreign Exchange Trading and Jamaica

Foreign exchange trading online and through investment clubs has been hot, hot news once again this past week, the controversy, the players, the self taught traders, the investment clubs are not going away right now, so we’re following it all. Here are the top stories this past week on eToro, Onlinefxtrading.net and Cashplusinvestment.com. 1 eToro gets a huge write up on Techcrunch. With the headline eToro Makes Forex Trade Child’s Play Techcrunch wrote “Israeli eToro is taking a novel approach in simplifying Foreign Exchange (Forex) trading by packaging the complicated concepts involved in trading one currency against another, in fun non-threatening wrappers. Just how big is Forex trading? Try an estimated $3.2 trillion in daily turnover—that’s ~35 times the average turnover of the NYSE. However, unlike stock trading which has been generally adopted by the mainstream, Forex trading to date has been mostly marginalized to professional traders. eToro wants to change all that.

2. Onlinefxtrading.net- since he fell asleep again wit an open position, self taught online foreign exchange trader has since gone on a campaign to raise US$3,000 to restart trading and “really start trading forex”. His trading account seems to be on pause. More>

3. http://cashplusinvestment.com/- which is the most comprehensive resource covering foreign exchange trading clubs and other investment clubs and schemes currently in the Jamaican market is bursting at the seems with comments and new information. And boy this has been a busy two weeks and it’s been all about CashPLus….Jitters about late payment of Cash Plus allayed – Company blames the banks, claims slow processing ; Theology school to train pastors in forex trading – As church involvement in investment schemes deepens; Depositors could pull funds from banks; ‘I VIOLATED UNITED STATES LAW’ – But the gov’t returned my money, says Cash Plus boss; Cash Plus gets injunction against NCB; Bankers deny ‘Cash Plus conspiracy’; NCB employees threatened; Stay Out of Unregulated Investment Schemes’- FSC; Cash Plus Christmas Bonanza. More>