Germany takes steps to ban retail trading in financial CFD instruments

Why can#t they just regulate the broker to provide a fair and honest pricing platform. The losses are a result of ignorance on the part of the retail trader not the broker. If this was really about consumer protection they would ban all betting shops as well.

Yeah why dont they ban fruit machines? Some of those guys lose their whole families savings on them.

Why dont they ban casinos too? Roulette is a poisonous addictive gambling wheel.

How about scratch cards? Thats dangerous too.. old people buy stacks of those and blow their whole monthly pension on them.

Dont forget cigarettes and alcohol aswell..those are also addictive and kill people too.

Reading between the lines these guys know a financial crash is on the cards and they want to stop people actively selling the market and making money. If they wanted to protect people they would ensure that every broker was forced under law to provide training to people and a good trading system that would ensure they made money. These guys should be kicked out of their jobs as they fail to identify the real reasons for consumer loss.

Perhaps the world is getting too large, and the retail side is actually hindering the movements that the countries want from their currencies?

The thought of saving retail traders is good. But this is not really a help. They sell it as a help, but in essence they make life hard for retail traders. This is more a punishment than helping. They should think of ways how to regulate the brokers instead of telling people what they may not do with their money. Narrowing down the brokers power to manipulate price would be a good help. Let the retail trader decide on his/her own whether he/she wants to engage in financial markets.
It is our freedom to decide if we want to commit to CFD trading or not.

If someone wants to bet on the horses then they are going to get a hiding unless they know the industry or someone inside the industry e.g. a trainer or jockey. Likewise if someone wants to be a retail trader then they need to undertake training from a pro, or put some serious study into how markets work, TA, etc.. Simple, we don't need nanny states.

How about they stop the 250 pip spread during news releases! What a joke.

I wonder if the retail forex brokers will fight this action ?

IG Group, Plus500, CMC Markets give lukewarm reception to BaFin’s plans, stock prices mostly unaffected - https://smnweekly.com/2016/12/09/ig-group-plus500-cmc-markets-give-lukewarm-reception-to-bafins-plans-stock-prices-mostly-unaffected/

I can understand additional regulation to protect the dummy from themselves. But a flat out ban on trading is ridiculous.

You absolutely do not get it do you? There is nothing like a pro in this industry. The fact is that neither technical analysis nor fundamental analysis (or even OFT) allow anything more than a gamble. These are linear approaches completely unsuited to what are inherently nonlinear markets. I have been shouting myself hoarse - telling everyone who would listen to switch to real time fractal analysis. That is the only way skill will supplant the gambling that is currently pervasive in trading. On the other hand, gambling is legal and indeed the odds trading (even with the hopeless methodologies available to traders too lazy to study how markets work) remains much better than that for outright casino plays. This is simply because traders have some control post bets (stop loss orders) casino gamblers have none at all. But only a switch to chaos theory and the knowledge of fractal geometry as it applies to markets can ultimately save the retail industry. <mark my words>

The Crow (-_-)

ridiculous, if you want to protect people from criminal, just arrest the criminal. not to lock people at home.