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You can provide liquidity as well. You choose how much you want to risk per pip/tick/point on whatever you are trading. If you want to risk 1 dollar per tick or 100 dollars per tick you can do that. There are many spread/cfd companies overseas and they are regulated as well. I know its big in UK...

I have traded them in the past. There are some additional cost but not near the cost of a tax, and for forex they are exactly the same as the spot I trade here

I can only speak for currencies right now since thats what I trade now, but when the NFA made the rules this summer about not hedging and first in first out, FXCM moved their clients in the US to the UK servers and had them trade out of the UK so they could get around the rules, not sure if that...

True, it could be a risk, check out BETONMARKETS.COM I used them a few years ago when I wa able to before they shut it down for US customers. It was a spread betting of sort with binary options, hit or miss type ones and so on. The house was providing the other side kinda of like Vegas. You...

No, they are similar to their respected intruments. For example, I trade currencies. I use a company GFT here in the US. I also have a friend whom I trade with in the UK who uses them. He uses GFT which has cfd/sperad accounts for currencies, same platform as mine. His spreads are exactly the...

The stamp tax in the UK is a non issue, since they can trade stocks , futures , currencies, via CFD'S tax free. So retail traders can trade with out paying the stamp tax. So its tough to compare the 2

Well they have talked about a one time fee , instead of a transaction tax. So thats what he is talking about. It would be much better that way. Anyways, its way premature for this since there are rumblings of people talking about it but no one of substance being named talking about it. Its only...

I will be writing to Congress committees and reps in Chicago and NY to main financial centers, even though they arent my reps it doesnt matter this thing affects us all.

Another PM Billy

Billy check your PM

Exactly just get this crap over with already. Day by day now, first they need to pass a regulation reform bill without this provisiion then the healthcare bill without this provision. It seems they just want money any way possible. So they are getting things together next week for the house to...

You beat me to it GURU:) I was just typing about the article to you:)

Yeah I did not like the video either Guru, there was an article on the WSJ website that talks about it as well, same guy in the video wrote the article. He did mention leadership is talking about it but its in preliminary discussions. John Boehner the republican minority leader came out and...

Yeah from what I read it was a hearing on all sorts of things not just this tax, it ust happened to be one of the things this guy brought up. About 7 other guest spoke on economy and job from different states and what not. No one else talked about it ths meeting was not about the tax it was...

Nelson, Thanks for the article, it helps to know the good and bad and where we can try to make a diffference. I would also write to the House ways and means committe about the article, that matters more then writing the think tank, those types are set in their ways.

A recent House of Representatives' bill that many on Wall Street believe would destroy liquidity will never pass, according to industry experts. The bill-H.R. 1068: Let Wall Street Pay for Wall Street's Bailout Act of 2009-is heavily flawed, lacks sufficient support on the Hill and has...

Thank Guru for the Articles, good find. The one I dont like is from NelsonDK below you that article is not good:) I dont worry about the IMF but when someone is testifying in front of the House Ways and Means Committe( where Defazio's bill is) that I do not like. But when I looked up who was...

http://thehill.com/blogs/blog-briefing-room/news/61783-pelosi-says-new-tax-is-on-the-table

Its funny, the article is a little out there, the ones that show support in the article are out there. IT made it seem like Obama supports it which so far he doesnt becuase if he did, it would have explicitly been in the g20 communique not an offshoot for the IMF to look at , which the IMF has...

Ok Guru I found out more about that meeting in Paris, it was scheduled way before the g20. It meets a few times a year. It has 58 countries, US is not in this group. It also is made up of NGO'S like ATTAC and Halifax Initiative, which are both pro transaction taxes big time. This is mainly made...