Howdy Larkers! This is Lark Digest, bringing you trading news hot off the press. And today, it’s steamin’s hot. Actually, it’s boiling.

Mr.Lark

On today’s menu:

• True Forex Funds ceases operations ❌ 

• This Is A Huge Week For The Markets 📉 

❌ True Forex Funds Closes

Just minutes ago, one of the largest firms in the industry announced that it was ceasing operations due to “financial insolvency.”

To get you up to speed:

• Last week, their CEO said they had 300 pending payouts.

• Their issues first began when MetaQuotes began shutting off firms earlier this year.

• Their CEO said they were “committed” to settling all pending payouts ASAP.

And that was just 6 days ago…

So, what happened?

Obviously, we have no idea. However, being one of the largest firms in the industry, this is a huge blow to the trading community.

Here’s our breakdown of what it means moving forward.

1/ A Huge Blow To Trust. Traders’ trust in firms right now is at an all-time low. It’s bad. And yet another closure is only going to make that worse.

2/ A Strong Signal For Sustainability. If The Funded Trader of Skilled Funded Trader ceasing operations wasn’t a strong enough signal that the industry needs to pivot, this is officially the industry’s deer in the headlights moment.

3/ Are There Still Dominoes To Fall? We hope not. But it certainly seems like a new firm is falling every few days.

For all the pessimists out there, perhaps there’s something we should consider, though.

Businesses in every sector across the country close every day. Considering that the evaluation industry is still so young, perhaps all the extreme fear has been overgrown.

Things will subside. Things will calm down.

In the long term, this is only going to strengthen the industry.

Firms that survive will be stronger because of it.

And a move to sustainability is a move that will ensure that traders will still have this tremendous opportunity for years to come.

What do you think?

📉 This Is A Huge Week For The Markets

This wasn’t our regularly scheduled email.

When we saw the breaking news of True Forex Funds, we had to deliver the news to you right away (that’s how we roll).

But getting back into trading, you must know that this is a huge week for the markets.

CPI is on Wednesday, and it could rock the markets.

Tomorrow, we’ll be breaking down everything you need to know about it.

Until then, check out this great post by Capital Hungry (a fellow Canadian 🇨🇦)

☕️ Pre-Market Fuel

1/ Funding Pips just released two new programs. They’ve caused a lot of stir for a few different reasons. We’ll break it down tomorrow.

🍪 Digestible Memes

Share Lark Digest

Chances are you have some trading friends. Why don’t you be a pal, share Lark Digest and earn some goodies for it?

You currently have 0 referrals, only 1 away from receiving The Trading Plan That Helped Me Pass 4 $100,000 FTMO Challenges.

Or copy and paste this link to others: https://pipmunch.com/subscribe?ref=PLACEHOLDER