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☕️ GM Munchers! This is Pip Munch, the trading newsletter that’s spicier than a meme stock on earnings day! We’re here to break down the good, the bad and the bullish in all things trading and prop firms.

Let’s roll 🚀 

On today’s menu:

• Fast Track Funding Shuts Down ❌ 

• The Fed Cut Rates | Here’s What That Means For Traders 📊 

• Wyoming Gets Bullish On Bitcoin 📈 

Another Prop Firm Bites the Dust ❌

Well, Munchers, it happened again.

Fast Track Funding—a futures prop firm that showed up with big promises, fast growth, and flashy payout numbers—is officially shutting its doors.

What Happened? 🤔 

For a hot minute, Fast Track Funding looked like the real deal.

They quickly climbed to the top of Payout Junction's leaderboard, with massive amounts in reported payouts through the Riseworks platform.

But here’s the kicker: speculation is swirling that some of those “payouts” were just… to themselves.

Yep, there are rumours Fast Track was sending funds to their own accounts to hype up their status.

The transparency of platforms like Riseworks is great, but even with crypto's benefits, a little due diligence goes a long way.

Don’t Fall for the New Kids 🚨

Look, this isn’t the first time we’ve seen it. ❌ 

Fast Track is yet another reminder (not that we really needed one) to avoid prop firms without a proven track record.

Sure, 90% discount codes might be tempting, but if they’re here today and gone tomorrow, all you’ve done is donate to their exit fund.

Stick to firms that have been around for a while.

Experience matters, and flashy discounts are never worth a payout that never comes.

The Future of Futures Prop Firms ➡️ 

Futures firms have been popping up like crazy lately.

Some think they’re immune from the issues plaguing CFD firms.

But the reality?

The futures prop firm space could be in for the same rollercoaster we saw with CFD firms in 2024.

Fast Track’s downfall shows us that trading futures doesn't make a prop firm any safer by default. The chaos could easily follow futures firms too, so tread carefully.

What Now? Refunds...Maybe? 😬 

Fast Track claims they’re working on processing refunds.

Will they deliver?

We’ll see. Right now, all we’ve got is a promise.

If you're in this position, keep a close eye on updates from them, but don’t hold your breath.

Let this be a lesson, Munchers.

1. Do your due diligence,

2. Stick with firms that have been around the block

3. Don’t fall for firms with too-good-to-be-true deals.

As always, we’ve got your back to keep you updated on what’s real in the wild world of prop trading.

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Fed Cuts Interest Rates Again: What This Means for Traders 📉

Alright, Munchers, let’s dive into yesterday’s headline event: Jerome Powell decided to dial down the pressure, cutting interest rates by 0.25%.

That puts the base rate in the 4.5%-4.75% range. And while this move wasn’t a shocker, it’s packed with implications for traders.

The Dollar: Dropping Like It’s Hot 🔥

Since the news, the US Dollar has cooled off a bit, reversing the massive rally it saw after Trump’s election victory.

And in case you missed it, Powell even hinted that “economic activity has continued to expand at a solid pace.”

Translation?

The economy is doing just fine, folks. 👍️ 

But here’s the tricky part: while rate cuts usually weaken a currency, the USD is still the hottest spot in town.

Why?

Because the US economy is outperforming every other major economy. 🇺🇲 

And even with the Fed cutting rates, they’ve been moving way slower than other central banks. So, investors worldwide are still parking their cash in the Dollar.

It’s like the US is handing out rain checks on weakness, and the Dollar’s staying strong by default.

The Market’s Dilemma 🕵️

So, what does this all mean?

Well, we’ve got two opposing forces at play here:

1. The Rate Cuts – These should, in theory, weaken the Dollar.

2. The US Economic Mojo – America is still running laps around other economies, keeping demand high for USD.

So moving forward, traders need to watch which of these forces the market cares about more:

• Is it all about the interest rate direction?

• Or is the strength of the US economy propping up the Dollar, regardless of cuts?

The Game Plan: Short the Safe Havens, Go Long on Risk 🚀

Trump’s return is sparking excitement across the board—equities, crypto, you name it.

The market’s shifting to a risk-on mood, which could mean a rough patch for safe haven currencies like the Swiss Franc (CHF) and Japanese Yen (JPY).

If the bullish vibe continues, look for opportunities to go long on risk-friendly currencies like the Canadian Dollar (CAD), Australian Dollar (AUD), and New Zealand Dollar (NZD).

So buckle up, keep an eye on the Dollar’s pulse, and get ready to ride the wave.

And remember: this isn’t financial advice, just an idea from your friendly Pip Munch! 🕶️

PS: Just when you thought the day couldn’t get any better, Jerome Powell decided to serve up some prime entertainment. 🥂

During a press conference, a reporter asked if he’d step down if Trump asked him to leave.

Powell’s response? A flat, deadpan “No.”

The reporter pressed, asking if he thought he wasn’t legally required to leave.

Powell didn’t miss a beat: “No.”

LMAO. This man is holding onto his chair like it’s his last dollar.

Powell’s unshakeable composure under pressure is a vibe, and we love it. Guess he’s not going anywhere anytime soon, folks!

☕️ Pre-Market Fuel

1. Trump has already started making staff appointments.

2. Wyoming gets bullish on Bitcoin. This is pretty cool to see and could be a major catalyst over the next couple of years, if it happens.

🍪 Munchy Memes

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