A Trading Post Blog
Commentary on Trading Post and the Online Trading Industry

Apr 29 2008

Unfortunate News from FXstreet.com

The unfortunate reality of life is that change surrounds us. I say unfortunate, but it's actually fortunate at times.

To hear the news earlier today that FXstreet's head trader Toni Juste is no longer returning to FXstreet after his move to Switzerland is unfortunate.

Toni, by all accounts (and I'm not sure if it's Toni or Tony as I've seen it as both), was doing a great job, especially in terms of output. No one that I was aware of put technical analysis in the volumes that he put it out (via his blog and through Twitter).

Then funny things started happening. This is all from being a casual observer, but it's announced that Toni is moving for family reasons, then one of the brokers for the Managed Accounts Programs at FXstreet pulls their sponsorship, the performance of the fund takes a cliff dive in at the end of last year and the first part of this year, and all of a sudden Tony is completely disconnected from his blog and a manic poster all of a sudden stops. And his last sentiment on the euro received quite a bit of flak too because he was bearish on a bullish trend.

Weird happenings to be sure. Some might find it weird that Tony is working on something else, which doesn't surprise me. At Trading Post, I've seen so many "traders" come and go, thinking they can create their own trading solution. It used to bother me, but now it's part of life, and it seems to Francesc and his team at FXstreet they are viewing it the same way - although I know that there must be some tremendous gnashing of teeth in the background.

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