Do you even read what I post, or do you just read the first sentence?
More than 90% of people who seriously try to become professional athletes, fail. Many of them quit their jobs and sink a lot of time, effort and money into training. Why isn’t the government protecting them?
90% of people who start businesses fail… 40% don’t even last a year.
90% of people fail in a lot of things, that doesn’t mean the government should prevent them from even trying. That’s crazy talk. Everybody should have the RIGHT to pursue their dreams, regardless of how risky, regardless of what my opinions are. The right to pursue your dreams exists and any government regulations that stifles your ability to meet your dream is WRONG and IMMORAL.
How many people fail at becoming a millionaire in Vegas? Should the govt ban that? You want the government to ban, suppress, regulate or discourage almost everything. You don’t want anybody to do what they want because you failed. Now everybody has to suffer with you. God forbid ANYBODY becomes successful, that would hurt your feelings.
The govt dropped leverage to 50x already, and you still failed. As wigglez said, dropping it down lower would have made you fail even slower because you obviously were clueless as to what you were doing and your initial losses never made you think you should rethink your strategy.
Why shouldn’t the government just ban leverage? Wouldn’t that help…? Then the only people that would be trading are the big dogs that already have millions of dollars to invest. Oh wait, that still doesn’t satisfy your desires.
See, Dodd- Frank and all these regulations have little perks in them that benefit the corporations who lobbied for them. In many cases they are actually written by the rent seekers and political entrepreneurship that support them.
Regardless of what regulations are imposed on the Forex market, or anything for that matter, the fact is that there will still be a few winners and lots of losers. The only difference is that many of the winners are government chartered winners.
The Soviet Union banned and regulated practically everything. Almost everybody lived in poverty… except for people who were politically connected or part of the government. They did pretty well actually. They actually DID steal their wealth off the backs of the poor without producing anything of value that benefited anybody.
It’s funny how government interventions and regulations always lead to more government interventions and regulations. One intervention (such as subsidies for railroads) leads to market distortions which create problems for which the public “demands” solutions. Government responds with even more interventions, usually in the form of more regulation of business activities, which cause even more problems, which lead to more intervention, and on and on. The end result is that free-market capitalism is more and more heavily stifled by regulation. And on top of that, usually the free market, not government intervention, gets the blame.
Man, being a politician has to be the EASIEST and one of the most profitable jobs in the world. And you don’t even have to create value! You make money destroying wealth and diverting it away from the poor, the middle class and the productive to the lobbyists that fund you! And on top of all that, people like you praise them for being heroic figures. I gotta become a politician. Why am I wasting my money on Forex?
Hey, you know what! You should become a politician. You will satisfy your desire to become wealthy and you will get to pass all the worthless regulations and laws you have proposed. You will also get to make more people suffer equally, while fattening your own pockets and the pockets of your buddy lobbyists and bureaucrats! I think I found you a new career, you can thank me later with a govt subsidy
Really though, I’m not going to stand for your nonsense. A life without freedom is not a life worth living.