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- 21 Results (20 Replies , 1 Comment )
- PIP-Squeak replied Dec 3, 2012
Other than the tax issues I don't see enough benefit to justify going through the brain damage of securing an off-shore account. Can anyone enlighten me by explaining the benefit they have seen by going off-shore? I opened an account with IBFX when ...
- PIP-Squeak replied Jan 23, 2012
Hummmm? It seems to me that the chances of slippage go up exponentially during volatility. Based on the fact that speed of execution is an extremely critical part of this strategy I would think that trying to get fills at the speed of light during a ...
- PIP-Squeak replied Jan 21, 2012
Yes I suppose that is correct. It would be interesting to see how often that occurs versus how often Joe spikes away from the mean and then back. We have been running Jason's ARB program in demo mode just to see how often it records an ARB. I ...
- PIP-Squeak replied Jan 20, 2012
Trading the anomalies — This thread is quite interesting and it looks like it has attracted some of the biggest brains on FF. I certainly don’t understand the technical issues as well as many who have posted here but it seems to me that many ...
- PIP-Squeak commented Oct 13, 2011
Yea, Taranius Government Agencies NEVER make mistakes intentional or unintentional! Its not their fault. Its just that they hadn't finished counting when the report was due so they told us how many they had so far. Its the reporters fault they ...
- PIP-Squeak replied Jul 13, 2011
Dark, you probably all ready know this, but for those that don't, there is a little bit more to the equation. Balance minus Required margin = free margin. Required Margin being the cost of buying the 5 lots. So if you are buying 5 lots in the ...
- PIP-Squeak replied Jul 10, 2011
I'm sorry but this makes no sense to me on it's face. Maybe I'm missing the point. Are you saying that Chris and Barn are trying to save little-ole me from the fraud of a foreign broker? I fail to see how these regs. will keep anyone from buying a ...
- PIP-Squeak replied Jul 9, 2011
YELLO! If they're a U.S. Partner then they will be under U.S. laws Er, ah, I mean regulations. Kind of a moot point then, isn't it?
- PIP-Squeak replied Jul 9, 2011
IT THE IRS — Fraud on who by who? Fraud on me by a foreign broker/bank? Fraud on the foreign broker/bank by me? They could care less if a foreign broker defrauds me or I defraud a foreign broker! "reduce the amount of leverage on the banks" ...
- PIP-Squeak replied Jul 9, 2011
If your going to take up a cause, how about the fact that ANYONE other than our elected Representatives are writing any law! This one just happens to affect us as currency traders. There are thousands of laws and regulations created everyday by some ...
- PIP-Squeak replied Jul 7, 2011
I would agree in part. I think there IS a 3rd party involved with the ability to enforce the CFTC Regs. However, since "Tadawul FX Ltd. is regulated by Cyprus Securities and Exchange Commission (CySec) and complies with all applicable European Union ...
- PIP-Squeak replied Jul 7, 2011
I agree! Do they really think they are going to attract traders because of their platform? Is that their competitive edge? PA-lease! More importantly, under what regulations will they operate? US? If that's the case then what's the difference ...
- PIP-Squeak replied Jul 7, 2011
Please explain. How does a US partner solve the issue? Won't the US partner be regulated the same as if they were in the US? If so, then what's the point of staying with TDFX or any broker that has a US partner? (other than you just like them). You ...
- PIP-Squeak replied Jul 7, 2011
Prosecuted by who? In what court? Based on what jurisdiction? Who is going to fine these Brokers, the CFCT? Who is going to take their license, the CFCT? Fined by who, the CFCT Their license was not issued by the CFCT how can the CFCT fine them or ...
- PIP-Squeak replied Jul 6, 2011
Keep Shopping — So, "Tadawul complies with all applicable European Union laws and regulations, including those under the European Markets In Financial Instruments Directive (MiFID)" and THOSE regulations are what is stopping them from ...
- PIP-Squeak replied Jul 6, 2011
"to our compliance checks it appears that the CFTC does not allow retail forex transactions to be provided to U.S. clients by entities not registered with the CFTC" "...Tadawul FX does not have any offices or operations in the US and is not subject ...
- PIP-Squeak replied Jul 6, 2011
No regulations stopping US residents from opening offshore accounts - RE — I just received this email from my broker: You might be aware of the recent changes in U.S. regulations regarding off-exchange retail foreign exchange. The new ...
- PIP-Squeak replied Apr 25, 2011
The regulations were not meant to regulate the trader — I’ve come to the conclusion that the regulations were not meant to regulate the trader. Here’s why; If doubling your lot size produces the same P&L per PiP, and opening two accounts ...
- PIP-Squeak replied Apr 23, 2011
Investment is not the sole factor in determining risk — Hey JetTrader, I agree the "Chris and Barney" Law is VERY ill conceived for many reasons. However, I'm not sure I follow you here "So, now, to maintain the pip value of 100:1, you have to ...
- PIP-Squeak replied Oct 7, 2010
NO POWER! — That's like saying "I'd be a bit wary of all NY business' because the don't enforce the laws of TX, nor do they collect TX sales tax". So, let me see if I have this right, if you don't follow Chris and Barny's law your not ...