THE GEORGE JAREKSY SHOW WELCOMES MICHAEL BOUTROS OF FXCM AS WELL AS WAYNE SIMMONS, INTELLIGENCE AGENT AND AUTHOR. JOE DANCY JOINS THE SHOW FOR STOCK WATCH.
The son of an accomplished accountant and a VP of an international bank, it was destined for Michael to inevitably end up in the world of finance. At an early age he took great interest in various activities fromphotography and carpentry, to playing guitar and sports. Having been an honor roll student, varsity athlete, and National Honor Society member, his success, as it seemed, started at an early age. Even as a young boy, his personable character and hard work led him to close thousand dollar deals in the world of home renovations and all around home repair and maintenance.
Michael entered the sales arena at the ripe age of 17. One of his first jobs was in the electronics department of his hometown Target. It is in these humble beginnings that Michael started to develop his sales skills and within one year, he was promoted to Electronics Team Lead. Recognizing his innate ability to close sales, he went on to work for Circuit City where a performance based compensation pay structure allowed Michael to flourish. This is where he would sharpen and finely tune his sales abilities. Within two years he had been nationally recognized for achieving Platinum level sales records on a regular basis. He would soon be promoted to Senior Product specialist, and within months, Sales Manager. His sales numbers went on to be amongst the highest in the nation for profit margins, service contracts, and attachments. Working part-time through high school and full time all throughout college, Michael learned to persevere and weather the storms of financial uncertainty caused by paying his own way through college. His parents’ prolonged and complicated divorce had left him financially independent at an early age.
At Rutgers University Michael joined Tau Kappa Epsilon, the largest international Fraternity in the world. There he held various positions from Alumni Chairman to House Manager. Having started at the Rutgers School of Engineering, Michael found his calling after his first year. An increasing interest in financial markets led him to change majors to further explore the world of economics. Surprisingly, his Philosophy minor would prove to be a useful life tool. Michael’s preoccupation with the nature of morality and the viability of universal truths caused him to be deeply rooted in ethics – which is evident in his business conduct.
Having Graduated from Rutgers University, Michael began his career in the Forex markets with one of the largest FX brokerages in the world. His years of experience in sales proved to be a skill that would lead him to be one of the top FX Sales Specialists in the firm. With his sustained and consistent performance, owners of the brokerage gave Michael the task of creating and launching the firms Arabic department in order to penetrate the Middle Eastern markets. Mastering Arabic speech at a young age, he oversaw the creation of the firms Arabic website, and organized the firms participation in the first ever Middle Eastern FX Expo held in Dubai. Creation and implementation of the Arabic department was yet another accomplishment Michael had achieved in his early years in the Forex Markets. Utilizing his keen talents, the firm also put Michael in charge of associate training and development. He regularly taught sales classes as well as courses on charting and technical analysis.
From there he went on to work as a trader with one of the oldest and most respected FX brokerages on Wall st. In addition to a seat on the trade desk, Michael published daily market analysis and commentary for forexnews.com which was also used as the featured forex commentary for nasdaq.com. His keen eye for using fundamentals along-side his seasoned charting experience caught the eye of numerous FX brokerages and publications. With the start of his career rooted on the trade desk, Michael’s commentary caters to intra-day traders looking for insightful FX and inter-market analysis.
Today he writes FX market research for the one of the largest most well-respected currency news and analysis source, DailyFX.com, and has been cited by leading publications such Thompson Reuters andCNBC.
Wayne sits on the Advisory Council for the Intelligence Summit, is a contributor to the conservative publication Human Events and is a much sought after speaker. He was recruited by the CIA in 1973 while in the U.S. Navy. He became part of an Outside Paramilitary Special Operations Group where he spent 8 of his 27 year career working against Narco Terrorists. Simmons spearheaded Deep Cover Intel Ops against some of the world’s most dangerous Drug Cartels from Central and South America and the Middle East. In addition to working against Narco terrorists he ran Special Operations against Arms Smugglers, Counterfeiters, Cyber-terrorists and Industrial and Economic Espionage. His Deep Cover Intelligence Operations helped lead to the seizures of marijuana, cocaine and heroin with a combined value of over $1 Billion Dollars. Simmons has been a Terrorism Analyst for the Fox News Channel since 2002. In 2004, under Secretary of Defense, Donald Rumsfeld, he became a part of the Pentagon Outreach Program for Military and Intelligence Analysts. Simmons was one of the first outside Intelligence officers to visit GITMO (Guantanamo Bay, Cuba) in July, 2005 and again in July, 2006. Also in July, 2006 Simmons was given the distinguished honor and pleasure to serve as a consultant to the White House as they constructed the Military Commissions Act of 2006 which was signed into law by President Bush in October 2006.
Joseph R. Dancy, is manager of the LSGI Technology Venture Fund LP, a private mutual fund for SEC accredited investors formed to focus on the most inefficient part of the equity market. The goal of the LSGI Fund is to utilize applied financial theory to substantially outperform all the major market indexes over time.
He is a Trustee on the Michigan Tech Foundation and is on the Finance Committee which oversees the management of that institution’s endowment funds. He is also employed as an Adjunct Professor of Law by Southern Methodist University School of Law in Dallas, Texas, teaching Oil & Gas Law, Oil & Gas Environmental Law, and Environmental Law, and coaches ice hockey in the Junior Dallas Stars organization.
He has a B.S. in Metallurgical Engineering from Michigan Technological University, a MBA from the University of Michigan, and a J.D. from Oklahoma City University School of Law. Oklahoma City University named him and his wife as Distinguished Alumni.