You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an alternative browser.
You should upgrade or use an alternative browser.
10:1 could be the new leverage rule
- Thread starter Surprise
- Start date
This is it everyone. Today the comment period ends. Email secretary@cftc.gov and tell them hands off our leverage!!!!
Quote from MoreYummy:
It is a well-known reason.
The regulators are pushing Futures because they see them as a more regulated trading vehicle, although, like Rob Booker said, it's not even about leverage or the product you trade, it's about the freedom to decide what risk is right for you...so gimme my 500:1 back dammit LOL
Quote from walter4:
It's not about your losses, you moron. It's about you influencing the market with money you don't have. You shouldn't be allowed to do that.
You shouldn't be allowed to push millions or hundreds of millions of dollars you DON'T HAVE. This is the root of all problems (commodities, currencies, everything) and needs to be taken away, and quick.
Hello! Have you heard of fractional reserve banking? The system is not rotten to the core; it is rotten FROM the core. This BS about reducing retail leverage is nothing new: Just the big boys trying to keep retail traders from growing their accounts.
Everyone is supposed to be a consumer, an employee, a taxpayer, and a chronically ill patient, not an entrepreneur or a successful scalper.
If anyone is stupid enough to trade on 100+ leverage, let them take their natural course.
Last I checked, survival of the fittest can't be banned by any agency.
It's also hilarious that someone here believes that trading over-leveraged can cause a crisis in foreign exchange markets.
Your miserable 100K piker maxxed out at 400x doesn't move the market, either way he won't last long, and those who do don't need that leverage.
Anyone know when the official verdict on this is due?
Last I checked, survival of the fittest can't be banned by any agency.
It's also hilarious that someone here believes that trading over-leveraged can cause a crisis in foreign exchange markets.
Your miserable 100K piker maxxed out at 400x doesn't move the market, either way he won't last long, and those who do don't need that leverage.
Anyone know when the official verdict on this is due?
Quote from Gubinec:
If anyone is stupid enough to trade on 100+ leverage, let them take their natural course.
Last I checked, survival of the fittest can't be banned by any agency.
It's also hilarious that someone here believes that trading over-leveraged can cause a crisis in foreign exchange markets.
Your miserable 100K piker maxxed out at 400x doesn't move the market, either way he won't last long, and those who do don't need that leverage.
Anyone know when the official verdict on this is due?
smartest post in 40 pages...
I dunno. when was it my duty to give a crap about who uses what leverage?! thats their own damn fault, not the industry!! I say keep it where it's at. i don't need the NFA telling me how to trade. I know how to think critically about a situation and can use up to 200:1. the problem is not leverage it's these stupid ads all over the place and people not using their thinking caps and getting way too excited. funny how US banks arent invovled with this 10:1 crap. citi wont ever be and I'm glad. I'll take FDIC over NFA any day. it will happen and they'll kill forex in the USA. oh well.
NFA Not Fun Anymore group! LMAO what a joke..
NFA Not Fun Anymore group! LMAO what a joke..