10:1 could be the new leverage rule

I just send a comment letter to CFTC opposing this rule. I'm worried that the UK will take their cue from the U.S. and do the same thing a year from now. You can sent your comments to secretary@cftc.gov

I'm all for trader freedom. Are you?
 
Gentlemen, Ladies and Mik, Hello. I believe there will be a negotiation here and we will likely end up 50:1.

The Govt always seeks control, but don't' think for a second that the Spot Currency Market makers have nothing to do with this, it is a rumor that has been circulating ever since the MM's got on board with the 20 Mio reserve, ostensibly to safeguard the Operators money, but in reality it was to cut out the competition. This latest deal is to make a more level playing field for the MM's. No competition, everyone has to be at X:1 in the US, so someone cannot offer 75:1 or 100:1. In other words it freezes out local competition. So it is what it is, you can always trade with a foreign group.

Cable good move to ADM, do you keep the rebates or do you pass them on to your clients, also have you qualified for the second tier rates. Not prying just wondering, if you don't care to answer no biggie. Oh and I'M tellin, you pickin on TRO again, ooooooo you're in trouble.

I am glad to see the cast of regulars have survived the Holidays, David hope you have a productive 2010.

Goodnight Mr Ivan wherever you are

The Ever Watchful VIPER
 
Quote from TradeViper:

Gentlemen, Ladies and Mik, Hello. I believe there will be a negotiation here and we will likely end up 50:1.

The Ever Watchful VIPER
More...

Negotiation? This is the federal government we're talking about here. 10 to 1 leverage becomes the law of the land unless the trading public makes it clear it is adamantly opposed to this. Again, email secretary@cftc.gov and let your voices be heard!
 
Quote from davidmaria1:

I would guess the 10-1 figure was the gov't throwing out the first pitch. I'm sure the final figure will be higher.
Although if these clowns had their way, they would force the casinos to add more balls to the roulette wheel.
More...

lol
 
Quote from TradeViper:

I am glad to see the cast of regulars have survived the Holidays, David hope you have a productive 2010.

Goodnight Mr Ivan wherever you are

The Ever Watchful VIPER
More...


Careful Viper, there may not be much room for gentlemen and talk of trading. However, best wishes for the new year, let's hope for some productive conversation.
 
Quote from mikasa:

if it is not clear to you that Cable is just another strapped
for cash WANNABE

then you sir are another dime a dozen fool

I don't give a shit about his Beatles recommendation

I am sick and tired of wannabes like him ruining every god
damn board on entire internet

I don't blame them for dreaming, I blame them for not having ability to do some simple fuking concept analysis

yet they post with authority

WHAT you think failure rate is 95% ??

NOPE it is 99.9999999 %

just look around

you know what

fuck this shit

I am gone for good this time.

if I am this fuking bored, then I might as well start looking into edge or two in China etfs or something

it sure beats reading posts by you god damn mentals
More...
im with you on that, cabletrader is the biggiest joke on the forum.
 
I was thanking the British, in general, for the Beatles.
It as not a particular person or entity that I had in mind.
Just exchanging some pleasantries, sorry if I offended anyone who is not a Beatles fan.
 
10:1 is a continuing concerted effort to destroy the retail forex industry in the US. The whole idea of consumer protection is a ruse. It began with people saying 400:1 was too much. 400:1 was only offered on micro accounts (account value not to exceed $5,000 or $10,000 for GFT in old times) it quickly decreased as you went up. There was no danger of people blowing their whole retirement on 400:1 leverage.

Major currencies are more stable than major stocks. When you buy some british pounds you buy something of value, something with a stated value in UK, whereas when you buy google stock you buy a piece of paper and are not even entitled to a dividiend.

400:1 was important in allowing people to not have most of their capital tied up in "used margin". If you open a 100,000 unit position on a 1000 account you are not more safer if the broker requires you to put up 500 dollars for margin than if it requires you to put up 250 in fact since your usable margin just decreased the chance of a margin call increased tremendously making you LESS safe.

All of this would be a simple joke if not for a simple fact. Many UK brokers refuse to have US based clients (Forex.com UK is an exception) but forget about Alpari, GFT UK, etc.

FXCM treacherously lowered its margins for its UK branch too. It does affect trading. GBP based currency pairs are less attractive way more dangerous with the new 4.50 dollars per 1000 units margin than they were at 2.50 on FXCM UK.

For the time being, Forex.com UK offers 200:1 for mini and 100:1 with a good selection of currency pairs, but selection of good micro brokers with 400:1 across the board has been ruined.

CMS FX UK has 400:1 that is rapidly decreasing with order sizebut is missing key pairs such as GBP/NZD and GBP/CAD which is criminal.

http://www.cmsfx.co.uk/en/forex-trading-services/forex-trading-terms/margin-policy/
 
Quote from IShopAtPublix:



All of this would be a simple joke if not for a simple fact. Many UK brokers refuse to have US based clients (Forex.com UK is an exception) but forget about Alpari, GFT UK, etc.
More...

I thought that there was a stampede of US-based clients to the UK division of their FX brokers? Or was this all just bullshit hype?

The UK divisions will no doubt also lower their leverage...the question is to what level????
 
Seems to me the problem here isn't overzealous regulation, it's underfunded traders!

If you need to make more money then increase your investment rather than increase the risk to your existing investment by overleveraging!
 
You must log in or register to reply here.
Back
Top