It is in the works
Will you then do away with your retail Forex restrictions? You don’t interfere with the roulette or black jack rules at casinos, after all.
Yes when the capital gains tax rate is raised from 15 percent to 35 percent the forex restrictions will be lifted.
Re elect President Obama?!!! Yeah, sure, I’ll just drive this country into the Stone Age and send him a thank you note for forcing me and other tax payers to pay for health insurance. The guy is a dictator and hasn’t done anything for this country. I will be voting against him. I’ll take Ron Paul and Romney over that lunatic any day. We need a return to free markets, these rules are pointless and will not protect anyone.
I’m with Bravehoststamps 100% on how casinos operate. They don’t do away with those becomes gamblers don’t stand a chance of winning. They are immoral enterprises and should be abolished. They do more damage than good. As has been said multiple times, even at a lower leverage, a gambling trader will still find a way to blow his or her account. Mankind is not meant to be controlled in the fashion that the government is attempting to enforce. This current system of rule will lead to the eventual fall of our Empire, much in the way that the Roman Empire fell. If there ever was a race that learned to work together instead of sabotauging each other, then they might survive in the far future. I don’t see that happening because of these constant win-lose scenarios that are being created. Sure, many traders will lose, but it is the fault of those that continue to lose. Everyone has an opportunity to win if they properly educate themselves and control their emotions. The government is attempting to take away this opportunity and that is not right anyway you look at it. We need to change the way that we govern our people and how we treat eachother as a race and as a society, or we are all just marching towards our own destruction. Mark my words.
Oh, and by the way, in regards to this ridiculous taxation. STOP. Just stop and remove your hand from my basket. These are my profits and I earned them. You did not. Go ahead and raise the tax rates to ridiculous levels and see how many people open offshore illegal accounts. I won’t do this but others will. Taxation without representation; its the oldest story in the book of goverment and one that is highly abused to this day.
[B]Brave…, and liggy…, [/B]
You’re arguing with a guy —
• who doesn’t know how to trade,
• who blames the evil forex market for everything stupid that he does, and
• who wants the Nanny State to crack down on all the profitable traders who are stealing his money.
This guy doesn’t have all 4 wheels on the road, and you shouldn’t waste your time arguing with him.
Here are some of his recent posts on another thread —
Yeah, you’re right Clint. It’s pointless to argue.
Thanks, Clint - I didn’t know it was an insane person.
Reading his own back and forth self-talk, he is clearly falling in love with communism. We need to get Dodd-Frank abolished. And the pressure will come from other nations! Nice site with no suckass articles. ECB fights CFTC on Dodd-Frank extra-territorial overreach - CFTC Law | CFTC LAW | Forex, Futures and Derivatives Regulatory News
Ya, capital gains taxation should be drastically reduced or just abolished. Same with inheritance tax. If the GOP promises to shred the Dodd-Frank, I am all for it. Romney made a wrong comment, he said he’ll review 2000+ pages of it and keep what needs to be kept. Wrong! Dodd-Frank is 100% worthless.
Listen, we need a fresh thinker in the White House. This guy is not it!
Obama: I Pushed Dodd-Frank And Health Care Reform Because Of Christ
Christ never advocated robbery, to the best of my memory.
It always the nutcases who claim to be doing things in the name of Christ. It’s a strange world that we live in.
At least we all agree here that gambling is self destructive but so is FOREX to beginners and the majority of traders since only 10 percent are profitable.
Yes the government allows gambling but that is because we allow FOREX and stock trading to be run like gambling that is why Goldman Sachs brought down our economy because they were gambling
If we are to remove gambling we must first start in Forex and that is the purpose of the Dodd Frank bill.
Why don’t you just remove yourself from Forex?
Maybe I’m addicted to gambling there I have a lot of money trading FOREX and believe its time for the government to do something about it maybe reduce leverage to 10:1 to help new traders so they don’t fall into the trap of capitalism.
10 percent of forex traders are profiting from 90 percent and that is not fair and the dodd frank bill did not go far enough.
I doesn’t have to get that complicated. Closing your Forex accounts is a faster and easier path. 
Does anyone here that are from the u.s. still have there trading accounts with trading-point?
As far as I know, Trading Point has booted all of their former U.S. customers, and they are not allowing any U.S. residents to open new accounts. Do you know something that we don’t know?
See this post and this post.
Trading Point kicked me out of thier broker house. I am a U.S. client.