You don't know because you don't ask.
- Joined May 2014 | Status: Member | 505 Posts
Temperance (restraint in action, thought or feeling) is a virtue.
Stand alone MetaEditor and compiler 9 replies
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help, help, help (templates) 5 replies
Help, Help, Help 3 replies
What's EA stand for? 1 reply
DislikedEurope - or at least the EU part of it - is not exactly free to do as they please. ESMA capped our leverage to the ridiculous 1:30 which chased away most smallfry traders out there into the arms of offshore bucketshops. Things aren't sunshine and roses at all.Ignored
Disliked{quote} ...dumb enough to risk more than 3% of your account per trade... from stupidity.
...[the government] bubble-wrap to keep everyone "safe" by oppressing us. ...means that it will probably take a few years to make the sort of money required to get back to "normal" leverage...Ignored
Disliked{quote} Persistent risk management flaws stem from unsuitable personality traits, not stupidity.Ignored
Disliked{quote} Same thing about to happen in Australia as well. All the Europe refugees now have to look eslewhere. https://www.forexbrokerz.com/news/au...-new-cfd-rules None of this is about "protecting" the retail investor IMHO. The excuse was volatility during COVID, but I made some massive profitable trades during that period thanks to volatility. That's what FX traders live for! I'm also sure that a lot of people who lost their jobs decided to get into trading as well - without knowing what...Ignored
Disliked{quote} The ESMA decision happened long before COVID, but I do agree that it wasn't about "protecting" traders, it was about chasing off small retail traders off the markets.Ignored
Disliked{quote} The way around this is, of course, to open multiple accounts at different brokers in your country and then have them take the same trades. With 1:30 leverage trading on majors, three accounts at different brokers should afford you at least 1:90 leverage - which should make your journey up to professional account holder somewhat quicker.Ignored
Disliked{quote} If you're trading full lots, switch to futures: 1-Can trade all major currencies (6A, 6B, 6C, 6E, 6J, 6M, 6N, 6S) 2-Can trade nearly any commodity. (metals, energy, grains, livestock, etc....) 3-Can trade bonds, equity futures (DAX, dow, ES, etc....) 4-No FIFO rules 5-Lower transaction costs 6-Segregated accounts 7-You're not trading against the broker 8-Low intraday margins (good for scalping) ***With all the crazy rules they have with forex in the US and very few restrictive rules for futures trading, it's pretty clear which lobbyists...Ignored
Disliked{quote} If you're trading full lots, switch to futures: 1-Can trade all major currencies (6A, 6B, 6C, 6E, 6J, 6M, 6N, 6S) 2-Can trade nearly any commodity. (metals, energy, grains, livestock, etc....) 3-Can trade bonds, equity futures (DAX, dow, ES, etc....) 4-No FIFO rules 5-Lower transaction costs 6-Segregated accounts 7-You're not trading against the broker 8-Low intraday margins (good for scalping) ***With all the crazy rules they have with forex in the US and very few restrictive rules for futures trading, it's pretty clear which lobbyists...Ignored
Disliked{quote} You can get suggestions in a forum like this. My suggestion was to expatriate. But for answers to your other questions... foreign entity, how, where, cost, etc... you're going to want to talk about that with an attorney, not with people on the internet.Ignored
Disliked{quote} The way around this is, of course, to open multiple accounts at different brokers in your country and then have them take the same trades. With 1:30 leverage trading on majors, three accounts at different brokers should afford you at least 1:90 leverage - which should make your journey up to professional account holder somewhat quicker.Ignored