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Mr.Lark

On today’s menu:

• Why firms are no longer offering refunds ❌ 

• New Twitter giveaway 🚀 

• Trump thinks the USD is too strong 📉 

❌ Why Firms Aren’t Refunding Anymore

There was a time when it was industry standard for an evaluation firm to refund your purchase fee upon receiving your first payout.

Well, those days are over.

MyFundedFX, one of the largest firms in the industry, is no longer offering refunds.

Why is this happening?

1/ Legal concerns. As seen above, offering refunds could be seen by regulators as a deposit with a broker. Evaluation firms aren’t brokers, and so they’re trying to avoid this.

2/ The new standard? The announcement said that “several other prop firms” are considering doing the same, so the refund days might be well behind us.

3/ FTMO? FTMO, the largest firm in the industry, is still offering refunds, for now. We’ll keep a close eye on how things develop.

At Lark, we’ve never offered a refund on our programs.

Why?

We believe in our service, and there are a ton of hidden costs to running these programs.

So rather than cut our costs and reduce the quality of our programs, we take the opposite approach and focus on quality > quantity.

I think traders earning and receiving a payout more than makes up for this.

This is ultimately just a speed bump in the road (barely).

🚀 New Twitter Giveaway!

Yes, the rumour is true.

Your favourite trading newsletter is now on Twitter!

However, I’ve got some embarrassing news to share…

We only have two followers right now. And one is my mom.

I mean, my 8-year-old cousin has a bigger following than us…

So, if you could do me a solid and jump on over and give us a follow, you’d really save me a lot of embarrassment during our next family dinner.

We even have a new giveaway going on to make it worth your while.

📉 Trump Wants To Weaken The Dollar

The US election is now only 194 days away.

We’re already getting our popcorn ready, but that won’t be enough.

As we get closer, if one thing is certain, it is volatility. Both between politicians (Biden VS Trump at UFC 305?) and the market.

And yesterday, Trump said something that traders will want to pay attention to.

In short, he thinks the US Dollar is too strong and is making the US less competitive.

In long, he said:

The Dollar has just hit a 34 year high against the Yen, a total disaster for the United States. When I was President, I spent a good deal of time telling Japan and China, in particular, you can't do that. It sounds good to stupid people, but it is a disaster for our manufacturers and others. They are actually unable to compete and will be forced to either lose lots of business, or build plants, or whatever, in the "smart" Countries. This is what made Japan and China into behemoths years ago. I put limits on both (and others!), and if they violated those limits, there was hell to pay. Biden has let it go. Watch them now pick apart the U.S. It will be an open field day. Don't let this happen Crooked Joe. Wake up and smell the roses!

Some Lark thoughts:

1/ 34-year high? That’s honestly quite wild and is easy to miss if you’re not following these things.

2/ What’s the game plan? Exactly how a 2024 Trump administration would weaken the USD is to be seen. But with inflation already a top concern for Americans, when is enough enough?

The takeaway is that this could be a silent mover. Remember how much the market moved during the 2016 US-China trade war?

We could get a repeat of that. But for now, the Dollar is looking strong.

See you tomorrow!
Mr.Lark

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