Hi All,
I am a new trader and i have a few questions about the market and also about leverage
Thanks in advance.
Speaking for the UK situation, I can see that private retail forex trading might come to be made too expensive and access too restricted for the “casual” trader.
The private retail sector of the financial market is a tiny sliver of the industry so mostly below the radar. But when it is heard about in a wider sense, its mostly bad publicity - false advertising, training firms, trading boutiques, trading investment schemes, bankrupted traders etc. etc. These don’t financially harm the major part of the sector but bad publicity also eats away at the trust their clients have in them and tends to attract tougher regulation, which of course they don’t want.
If the main industry decides private retail trading is just too negative for their image they will get the regulator to act. The main aim of the regulator is to preserve the good conduct, reputation and continuity of the industry, not to protect consumers.
The ESMA regulations look like they’re here to stay and I can see them being extended. I can see traders being asked for a minimum deposit so high it would exclude most people’s abilities. Maybe other constraints, like max. size per trade, max. number of trades per day, tighter margin rates etc. I fear we’re on a count-down.
Thanks for the reply, im hoping to do forex full time in 3-4 years, now i am concerned if its worth going through all this effort… I am educating myself every day, I dont want it to be pointless
Start now with a demo account.
Break your task down into sequential and rational stages. Get a demo account to do this in. Aim to understand the basic price chart structures like trends, how to recognise them and how to compare and contrast one from another of the same sort.
Search for a simple objective strategy based on daily charts using trends that requires minimal trade management input. Demo it through various market behaviours.
It should be possible to achieve these basic stages within a couple of weeks. Plenty of time if you act now.
Yeah i understand, i am enrolled into a trading academy so i am learning, but im worried for the future if it will affect my trading etc
You can always setup an offshore profile and escape these stringent rules.
trading on a demo account is the master place to become knowledgeable. but we always ignore demo trading , because there is no real money.
One can always use a micro account or even nano, with small deposit to practice. It is better than demo trading.
You can start by practising on a demo account where you can manage and make a plan.This will be beneficial if you are a new trader. As far as forex is concerned, there is no such possibility of it being banned in the U.S. or U.K.
Regulations regarding use of leverage, margin, minimum requirements might change, but Forex all together can never be banned.
Whenever you need, you can set up an offshore brokerage account if you want to stay away from stringent rules.
You can always begin with a demo. Try not to invest a lot in the beginning. You can use micro accounts as well, as they require a small deposit and you can learn simultaneously.
There are many brokers that offer flexible leverage. Based on what you want to use, you can choose a leverage option.
It will benefit you a lot if you start with a demo account with any reputed broker. It Is advisable to invest small amounts in the beginning. This reduces risk of losing a huge sum of money.
Thanks for all of the replies 
I don’t think that the forex will ever be banned in the UK/US. It is the world’s largest financial market.
I doubt this will ever happen, but there is a possibility of putting more restrictions on trading.