CFTC Leverage change to 10:1 in the US??...What do you think? - Page 12
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Thread: CFTC Leverage change to 10:1 in the US??...What do you think?

  1. #111
    qwertymyfx is offline Superior Master Contributor and Member
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    what's happening is just ridiculous.

  2. #112
    Money maker's Avatar
    Money maker is offline Newbie
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    What's wrong with trading offshore, with a broker that offers 500:1 or 200:1??? Like: HotForex or AskOBid

  3. #113
    rashygomez is offline Senior Member
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    Quote Originally Posted by Money maker View Post
    What's wrong with trading offshore, with a broker that offers 500:1 or 200:1??? Like: HotForex or AskOBid
    nothing. fxopen is probably the best offshore, since they're ECN.

  4. #114
    bravehoststamps's Avatar
    bravehoststamps is offline FX-Men Honorary Member
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    Quote Originally Posted by rashygomez View Post
    nothing. fxopen is probably the best offshore, since they're ECN.
    FXOpen no longer accepts US customers after they got sued by the US CFTC for maintaining servers and telephone lines in the US while not being registered with the US CFTC.

  5. #115
    GicaEric Guest
    I agree with someone who said that they want to shutdown this industry for good. And the reason for this is that, more and more people are making money from this industry, and clearly the rich are feeling threatened. They always find some excuse and they always tend to win. Capitalism, it's either you or them. There is no 'between'.

    God I hate this game.

  6. #116
    Trader Pro is offline Newbie
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    The leverage change in the US gives forex traders less flexibility.

    Also, traders from both the US and abroad may look more to stocks and pair options, as these trading vehicles may provide investors with the opportunity to make large profits without the leverage factor.
    Last edited by Trader Pro; 04-20-2011 at 03:51 AM. Reason: IMPROVE

  7. #117
    SwordOFManagement is offline Junior Member
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    I think that our margin should be zero as long as our average price is 100 pips in profit.

    & I still want the 50:1 leverage TYVM

  8. #118
    PaladinFX's Avatar
    PaladinFX is offline Superior Master Contributor and Member
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    Without wanting to offend anybody: Thank God I am not a US citizen.

    Over the last 20 years US Governments, no matter whether Republican or Democrat, have shown a regrettable tendency to regulate (not to say supervise or control) every single tiny aspect of their citizens' daily life. America just isn't fun anymore; and (sorry to say it) America just isn't FREE anymore.

    I can understand the Government's desire to protect its citizens from harm ... that is a Government's 'job', after all.
    But there is a difference between taking measures to ensure a fair and secure environment for everybody and regulating every single thing.
    The CFTC seems to think that the average US citizen is too dumb to make sound financial decisions.
    Granted, many laymen have lost their money trading forex; but instead of educating them how to go about it properly, rules which are harming the whole retail industry are being introduced. And a weakened or wiped-out retail industry means less revenue for the Government as well.
    In conclusion, the measures already taken and those proposed hurt everybody, without achieving anything positive.

    My suggestion would be:
    Let the CFTC create a simple webpage where people interested in trading forex retail have to pass a test, making sure they fully understand the concepts of leverage, margin and whatever the regulators feel is vital for safe and fair trading.
    This would help traders (they can trade properly), brokers (they can earn money) and the Treasury (they increase tax revenue).
    I think a 'Retail Trader's License' would be simple to introduce and beneficial to all sides involved.


    Cheers,
    O.

  9. #119
    mandilon is offline Newbie
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    Glad I'm in LA. Will move to San Diego and apply for Mexican residency (Tijuana, Tecate or Ensenada). Have many addresses where I can register a utility bill (required to obtain an offshore forex account). I'll 'commute' between both my residencies.

    In Texas you couldn't get 'an equity' loan on your house, -Texas protecting it's IGNORANT citizens? -It was THE ONLY state in the nation with such IDIOTIC 'rules.'

    Of course THE IDIOTS saw the light and now you can borrow on your 'homestead.'

    I don't like this 'FIFO,' no hedging IDIOCITY and stupid LOW leverages!

    Those freaking 'fat asses' (law makers?) don't have anything to do but raise hell for the rest of us.
    Last edited by mandilon; 03-13-2012 at 11:50 PM.

  10. #120
    CloudyPips is offline Newbie
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    Still beating the dead horse years later? Move forward and adapt, find loopholes, be creative...or maybe pick up some different investment activities like a real investor and not some bum FX speculator/gambler.

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