DislikedDam dude when it rains it pours, we are taking it on all fronts lately. I have tried to get some threads going overhear about the tranny tax but nobody really pays it any attention people really need to wake the F up an realize that we, traders, need to come together and fight this BS.Ignored
I know its a double whammy, was fighting the tax just fine until last week when this leverage rule was unveiled!!! I actually trade Binary options as well. There are pros and cons, but one thing is all this regulation and taxation will not affect them, its just something I am getting used to. I traded them about 6 years ago when US citizens could trade them overseas until a law passed now I trade them with IG and NADEX. I am not sure if people so not care as much over here becuase alot of people are from europe or what but the biggest proponent of this tax is Gordon Brown, but also UK already has a tranny tax= the stamp tax and they have regulated ways around that tax for the retail trader, like what NADEX is trying to offer here in the states. Either way I am trying to fight the hell out of this but it is a dam rollercoaster! Monday there is a mini IMF meeting and g7 meeting so maybe the US will push its own bank levy agenda and quash the financial transaction tax talk but for now it seems people are awaiting the key report from the IMF due in April.