Anyone knows why usa residents can't open forex account in hotforex or other brokers?

[Sig]

This is the exact thinking of the idiots who wrote those rules. The thinking of non-traders. And what about the fifo rule? Their argument is that since accountants use first in first out with inventory then it should apply to trading too. THIS HAS ABSOLUTELY NOTHING TO DO WITH TRADING! In my opinion the best way to hedge is to hedge the instrument you are trading. You obviously have never traded without those two rules in place. My friend, if you ever get a chance you will realize how you've been trading in the dark until now. Open your eyes! Go to FXCM-UK, Ig-uK or any of those companies that allow hedging and no fifo and just open a demo account. You can do that just don't check U.S. when they ask for country of residence. Trading with no fifo alone will blow your mind. I want to compare P&L with someone like you to see if you really make money. If you are you will double or triple it with no fifo if you really know what you are doing. This false belief is the reason why I never see traders bitching and complaining about those two rules like I do. YOU DON'T KNOW THE POWER OF THOSE TWO STRATEGIES IF YOU REALLY KNOW HOW TO USE THEM.

If you think holding two opposite positions in the same instrument is hedging and don't grasp that it simply costs you more commission with exactly the same effect as being flat than you're an imbecile, sorry it's just basic math. If you truly believe you have some math breaking secret that allows you and the other imbeciles to be the only ones to see this hidden truth you'd simply move to any country where you could partake of such idiocy at will. But you don't, because at the end of the day your failures have nothing to do with the rules preventing you from engaging in idiocy and everything to do with the fact you engage in idiocy. Deep down you must realize that because here you are still bitching about it instead of making your millions by simply moving.

BTW, anyone who thinks demo accounts reflect real world performance is at best hopeless naive.

 

[bjt]

If you think holding two opposite positions in the same instrument is hedging and don't grasp that it simply costs you more commission with exactly the same effect as being flat than you're an imbecile, sorry it's just basic math. If you truly believe you have some math breaking secret that allows you and the other imbeciles to be the only ones to see this hidden truth you'd simply move to any country where you could partake of such idiocy at will. But you don't, because at the end of the day your failures have nothing to do with the rules preventing you from engaging in idiocy and everything to do with the fact you engage in idiocy. Deep down you must realize that because here you are still bitching about it instead of making your millions by simply moving.

BTW, anyone who thinks demo accounts reflect real world performance is at best hopeless naive.

Everything you write proves you don't have a clue of what you are talking about. I don't even want to continue this conversation. I could take each sentence and debunk it but it's not worth it. A person like you who knows everything and has his mind made up is hard to change. Believe what you believe and happy trading.

 

[Sig]

Everything you write proves you don't have a clue of what you are talking about. I don't even want to continue this conversation. I could take each sentence and debunk it but it's not worth it. A person like you who knows everything and has his mind made up is hard to change. Believe what you believe and happy trading.

Since its basic math you would be debunking, no you couldn't. Sorry dude, you're just dead wrong here. And from your response you clearly realize it.

Good luck making your millions in demo just dreaming of how rich you could be if only you lived in Mexico and could get around Dodd Frank