Discover Professional Price Action Strategies That Work So You Can Profit In Bull & Bear Markets—Without Indicators, News, Or Opinions

USDMXN, This Currency Finally Went in My Favor 

Last Updated: August 28, 2022

By Rayner Teo

In this week’s video, Before we Talk about USDMXN, I’ve got a question by Prasad, who asked me:

Hey Rayner, How do I go about selecting a broker?

Here’s what I said…

When you are selecting a broker, there are 4 primary things to look out for:

1. Your broker is regulated – This is to ensure that your broker is abiding by the rules set out by the authorities. It also gives you peace of mind knowing that there’s a ‘watchdog’ looking out for you.

2. Your funds are segregated away – This is to ensure that your funds are safe and not accessible by your broker to fund their business activities.

3. Ease of withdrawal – You want to be able to withdraw your money easily within days. If your broker takes weeks or even months to get your money back to you, something is wrong.

3. Product selection – If you’re trading Forex, you want to make sure your broker offers the currencies that you trade frequently. It could be exotic ones like USDCNY, USDCZR, etc.

And back to the markets, this week I’m looking at USDMXN, USDZAR, AUDUSD, Usdmxn, and Sugar.

USDMXN, This Currency Finally Went in My Favor

I hope you’ve enjoyed this week’s market analysis on Usdmxn. As always, comments are welcomed and encouraged. Cheers!

Do you want to learn a new trading strategy that allows you to profit in bull and bear markets? 

In my FREE trading course (valued at $48), I will teach you this powerful trading strategy step by step, along with charts and examples.

You can download it here for FREE.

Leave a reply

  • Hi Rayner,

    While the intention of segregated account is to protect clients’ assets by separating their money from the broker’s account that is used to fund their day to day operations. I am not sure how difficult it is for brokers to violate regulatory oversight to access their clients’ money. Take the case of MF global for example, I have read numerous accounts (see below link) of how regulators failed to realise MF global had secretly used clients’ money to cover up their losses. This makes me wonder whether putting customers’ money in a segregated account is a fail-safe measure to protect our assets. What is your opinion on this?

    • Hi Nigel,

      Thanks for stopping by.

      You make a good point here and as a retail trader, you never know what your broker may be up to.

      Thus I made an emphasis on brokers being regulated by the authority as another measure.

      Again this is not fool proof and there’s always a black sheep that manages to attempts something ‘funny’.

      What you can do instead is to split your capital into different brokerage accounts to minimize the risk of such ‘events’ occurring.


  • Hi Rayner,

    Great analysis!! Could you tell us please which trigger you wait in the sugar and on which level (like under EMA 50)?


  • Great analysis as usual. However, choosing a broker, at least for me, has become a lot more complicated here in the U.S. than your casual review suggests. Make sure they are Segregated? Are you kidding me? How in the world do you find that information about any broker? I would love to know how to do that! Please elaborate.

    What broker to go with in the U.S. has been an issue with me for a long time and I am still not sure which is the best. To split my money among brokers is even more difficult because I cannot find even one I can trust. That is why I am still trading on a demo account with a non-U.S. broker. But, even though I would prefer to stay with U.S brokers , I cannot trade some markets like Gold.

    You have convinced me to trade multiple markets. That leads me to my question: Can you direct me to a U.S. broker or brokers that are regulated and segregated where I can trade Commodities, Metals, Forex, Treasury Bonds, etc. like you do. Presently, I do not know of any.

    And my second question: Can I safely go with a non-U.S. broker so I can trade Gold and whom would you suggest? I really do not trust my money outside the U.S. but I might consider doing so as long as I can legally do it.

    Look, in a nutshell, what broker(s) would allow me to trade the markets you do and still be legal for me here in the U.S.? If there are any American Traders who follow you and trade like you, I would love to hear their experiences with brokers.


    • Hello Chaplainrick,

      I’m sorry to hear about your difficulties in choosing broker.

      In Singapore, brokers who register their business license here are being regulated by the Monetary Authority of Singapore.

      I checked with my own broker and I’m told funds are being segregated away to be keep in line with the regulation they have in Singapore.

      I can’t say the same for you in the U.S. but that’s how it works here in my country.


  • {"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}