DislikedPipmaster, you seem wise to trading offshore. Which brokers do you feel safe with? I read the comments on other forums and Tradersway and FXChoice seem to be the best thus far (since Tallinex beame a recent cftc target). But I wonder when these brokers will drop US clients like the others have. I also wonder if and when offshore forex trading for US residents will become illegal without satisfying onerous requirements.Ignored
If it were to come down to it, I would probably leave the US as I refuse to let them continue to regulate things for their benefit only while brainwashing the public that it is done for their "protection". I lost a significant income when they banned online poker, moved to forex and once again they are skewing things for their benefit only.
If you want to "protect" the public, put onerous restrictions before they can place their life savings on black or red in Vegas or the poor souls who wager their entire paychecks on lottery tickets. Oh wait....the government benefits from Vegas and the lottery. Forex is a skill, which requires years of training and knowledge, how dare they try to restrict my income from something I've devoted years to.