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FX Trading in Europe under threat - act now

  • #41
  • Jan 21, 2018 5:45pm Jan 21, 2018 5:45pm
In the Us too = alternatives and withdrawing winnings to keep you balance low would seem to work in the case of even the irs based on my experience; are aware but do not care to intervene below a certain balance.
Quoting 9jatrader
Thanks for sharing. Do we need to bother much about leverage. You can move to Australian brokers- Global Prime, IC Markets, Pepperstone.
  • #42
  • Jan 21, 2018 6:08pm Jan 21, 2018 6:08pm
Quoting cuchuflito
Btw: wonder what will happen on Monday after the US govmnt. shutdown. Wonder if it could trigger panic. Specially in the stock market, which is waiting for a spark to correct, or crash, or mini crash, or mega crash. You know what you need to create fire right? Fuel, oxygen and a SPARK.
US govmnt. shutdown. is like changing their underwear.

It happened before and it will happen again.................
The More You Learn, The More You Earn.....
  • #43
  • Jan 21, 2018 6:11pm Jan 21, 2018 6:11pm
Quoting Mingary
This is all for the better. It's about time that forex loses it's casino appeal. (not to mention Binary Options and "cryptos" they should be banned ... like ... yesterday) Bad news for brokers-and-scammers.. . The following main features of CFDs and the way in which they have been distributed, marketed or sold across the EU have required increased attention by supervisors: - Retail investors are exposed to a significant risk of loss (both from trading and from transaction fees), which is magnified by the effect of high leverage. - The complexity...
USA trades 50 to 1 leverage now, and you can still take $4000 to $40,000 in a year years time.....................Part Time trading.............
The More You Learn, The More You Earn.....
  • #44
  • Jan 21, 2018 6:40pm Jan 21, 2018 6:40pm
Quoting alphaomega
I told you guys - the fx game will be over soon! Your voice is irrelevant. They already made the decision. THEY want to get rid of the current financial system. THEY want to get rid of CASH. THEY want centralized electronic fiat. Look around! These regulations are global! Japan, USA, Russia, Turkey and NOW EUROPE!. WAKE UP! THEY don't want YOU to speculate with financial instruments. WHO ARE THEY?? You know who they are! I can't say their name because they will delete my post. Forex is the only legal regulated market with such low entry barrier....
Plenty of well regulated brokers in Australia with up to 500:1 leverage.

A quick google search will get you their names but this is only for those to whom it concerns.

If you have the funds look into gaining a Futures account or with Interactive Brokers for the professional types.

As for the lower funded retail speculators in the FX domain sadly its quickly starting to suggest that your options are very limited.

The push by ESMA is simply going to dry up local European Retail brokers revenue and cause a shift of the local traders to overseas bucket shops.

Not all overseas retail brokers are bucket shops but you will need to do your due diligence and make the best choice based on your own circumstances.

Personally I hold major trading accounts with Interactive Brokers (minimum 10K needed) and some Futures (also higher minimums apply) accounts where the bulk of my trading coin is located.

However, they do not nor would they offer leverage anywhere close to 500 to 1.

I would not be surprised to see the Australian and other well regulated areas follow suite in the not too distant future.

You only need to look around the globe and note the leverages of these countries such as US, Japan among mnay others.

It will be a shame to some extent because I enjoy the possibilities that a highly leveraged retail trading account offers in terms of placing relatively large position sizes with a minimal investment that IB does not offer.

I read the article in the Financial Times and I'm pleased to see one thing, and that is the attempt to rid binary options (bravo to that one!).
https://www.ft.com

Savagely reducing leverage across the board though thats not the best option.

The difference between trading even say $1000 at 30 to 1 compared to 500 to 1 is vastly different.

Perhaps as a friend of mine recently said, it might cause some traders to return to the horse races to make a quick buck.

I suggest traders affected to start doing some serious searching around, there are still well regulated retail FX brokers around the globe that might fit with your circumstances and still offer the larger leverage that you seek.

Trading in crypto currencies ... tread very carefully in this domain ...

Best of luck to all of those traders affected.

Masterrmind............
Master your Mind then Master your Trades
  • #45
  • Jan 21, 2018 7:52pm Jan 21, 2018 7:52pm
Quoting forexalien
{quote} USA trades 50 to 1 leverage now, and you can still take $4000 to $40,000 in a year years time.....................Part Time trading.............
Yes the US account I have requires only fewer carefully chosen trades to work well-the trading on the FExchange by far the most satisfying intellectually... is as important as the money; I am VERY thankful.
  • #46
  • Jan 22, 2018 2:20am Jan 22, 2018 2:20am
Well , the Euro-bureaucrats are a shameful and disgusting fact.

They take very high salaries to do nothing, while the young Europeans guys are unemployed. Euro-bureaucrats are not elected by anyone and have no responsibility if they are wrong. They were put in their place only for political recommendations, without having any merit or professionalism.

Euro-bureaucrats are dirty parasites that impose sacrifices on European citizens, while they have incredible privileges.

They are dinosaurs that steal their fabulous salary, approving hallucinanting and useless laws such as those on the diameter of peas, the curvature of cucumbers and the length of the bananas : and the poor European peoples must obey !

And here is their latest invention: a law that will ruin / will stop retail Forex. Obviously they received precise orders from the Strong Powers, from Big Players and from the Great Old Men who command in Europe and in the World. This is not conspiracy , this is the reality.
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  • #47
  • Jan 22, 2018 3:14am Jan 22, 2018 3:14am
Quoting redoktober
Well , the Euro-bureaucrats are a shameful and disgusting fact. They take very high salaries to do nothing, while the young Europeans guys are unemployed. Euro-bureaucrats are not elected by anyone and have no responsibility if they are wrong. They were put in their place only for political recommendations, without having any merit or professionalism. Euro-bureaucrats are dirty parasites that impose sacrifices on European citizens, while they have incredible privileges. They are dinosaurs that steal their fabulous salary, approving hallucinanting...
it's even worse, they are not a just bureaucrats, they are neo communists, The manifesto of Ventotene is the ideological base of their dream. MAnifesto was written by Italian communist Altiero Spinelli .... and it is an of Marks-Engels Communist Manifesto adaptation for todays conditions ....
Spinelli Manifesto is an oficial ideological base for todays Europiean Union ...
  • #48
  • Jan 22, 2018 3:16am Jan 22, 2018 3:16am
I think many retail traders will move to crypto currencies. Its true crypto currencies brokers are a joke but its a new market and some brokers make clients being the opposite to bucket shops. Anyway if is true Trump will decrease requeriments in USA will happen to funny paradox...
Try don't lose pants never...
  • #49
  • Jan 22, 2018 3:20am Jan 22, 2018 3:20am
Subs. thanks and
Regards
  • #50
  • Jan 22, 2018 3:51am Jan 22, 2018 3:51am
Quoting braintheboss
I think many retail traders will move to crypto currencies. Its true crypto currencies brokers are a joke but its a new market and some brokers make clients being the opposite to bucket shops. Anyway if is true Trump will decrease requeriments in USA will happen to funny paradox...
Well according to the ESMA's consultation page they also plan to put a cap on cryptocurrency. They just dont want a average Joe to be financially independent.
Your salary is the bribe they give you to forget your dreams
  • #51
  • Jan 22, 2018 4:02am Jan 22, 2018 4:02am
Quoting horvat
{quote} Well according to the ESMA's consultation page they also plan to put a cap on cryptocurrency. They just dont want a average Joe to be financially independent.
But crypto are outside government control. Even they hard bank rules they can't stop people use it. We are starting a divergence between government and citizens. They will try wrap crypto with their own currency but knowing banks will use this for kill people with comissions then finally people will follow their own interests. Im not talking about invest bubble. Im taking about real use of crypto
Try don't lose pants never...
  • #52
  • Jan 22, 2018 4:06am Jan 22, 2018 4:06am
Quoting braintheboss
{quote} But crypto are outside government control. Even they hard bank rules they can't stop people use it. We are starting a divergence between government and citizens. They will try wrap crypto with their own currency but knowing banks will use this for kill people with comissions then finally people will follow their own interests. Im not talking about invest bubble. Im taking about real use of crypto

I wouldn't mind if you where right. Just don't know if its possible.
Look Sharp/Trade Tight
  • #53
  • Jan 22, 2018 4:14am Jan 22, 2018 4:14am
Quoting PayTheLimit
{quote} I wouldn't mind if you where right. Just don't know if its possible.
Nobody knows but its knowed current system is a big scam. Every time breaks all money is taking for rich and all debts for workers. The cycle is always same. People build a system, when is reliable pass to rich people for get benefits and when their greedy sucks all returns to the citizens for start again the reconstruction. We are sheeps and many people start to want stop this...
Try don't lose pants never...
  • #54
  • Jan 22, 2018 4:15am Jan 22, 2018 4:15am
Quoting braintheboss
{quote} But crypto are outside government control. Even they hard bank rules they can't stop people use it. We are starting a divergence between government and citizens. They will try wrap crypto with their own currency but knowing banks will use this for kill people with comissions then finally people will follow their own interests. Im not talking about invest bubble. Im taking about real use of crypto
Really? They cannot stop people using it?

So why Chinese miners flee China?

When all your asset are perhaps your life come on a line, I can assure you, you will stop using it.
  • #55
  • Edited 4:29am Jan 22, 2018 4:17am | Edited 4:29am
I've only read about leverage limitations to 30/20/10:1 for FX and CFD's, am I missing something else?

To me personally this is irrelevant since I either way don't use more than 10-20 leverage.
"Men Who Can Both Be Right & Sit Tight Are Uncommon" ~ Jesse Livermore
  • #56
  • Jan 22, 2018 4:22am Jan 22, 2018 4:22am
Quoting jdieieh
{quote} Really? They cannot stop people using it? So why Chinese miners flee China? When all your asset are perhaps your life come on a line, I can assure you, you will stop using it.
China only want his piece of cake. I only see central banks and some government start to see crypto as a reality. Evidently we are far to a real change but this passed the underground times for be a future alternative. Now its only a bubble. But a bubble where some big guys start to put money...
Try don't lose pants never...
  • #57
  • Jan 22, 2018 4:36am Jan 22, 2018 4:36am
Quoting braintheboss
{quote} China only want his piece of cake. I only see central banks and some government start to see crypto as a reality. Evidently we are far to a real change but this passed the underground times for be a future alternative. Now its only a bubble. But a bubble where some big guys start to put money...
True. The problem with Cryptos at the moment is the amount of publicity bitcoin got recently due to the exponential rise followed by ripple. This is making even people who have absolute no idea to invest in this currencies. Every second day there is a new cryptocurrency coming in the market. This in my opinion is a perfect recipe for scams.
Your salary is the bribe they give you to forget your dreams
  • #58
  • Jan 22, 2018 4:38am Jan 22, 2018 4:38am
Quoting horvat
{quote} True. The problem with Cryptos at the moment is the amount of publicity it got recently due to the exponential rise followed by ripple. This is making even people who have absolute no idea to invest in this currencies. Every second day there is a new cryptocurrency coming in the market. This in my opinion is a perfect recipe for scams.
I agree. Evidently where is the money are the scammers. About ripple is a first try to force a regulated crypto from elite...
Try don't lose pants never...
  • #59
  • Jan 22, 2018 5:06am Jan 22, 2018 5:06am
Quoting braintheboss
{quote} China only want his piece of cake. I only see central banks and some government start to see crypto as a reality. Evidently we are far to a real change but this passed the underground times for be a future alternative. Now its only a bubble. But a bubble where some big guys start to put money...
Nuts, sheeps, seashells, salt, gold, pieces of paper, binary numbers.... what is a difference?

Crypto tokens will exist, but they will not fulfill promise many hope for today.

Nothing will change. It is as old as history.

One changes that only one way. And that is why things are developed as they are.

Do you know story about a farmer and pigs?
  • #60
  • Jan 22, 2018 5:10am Jan 22, 2018 5:10am
Quoting jdieieh
{quote} Nuts, sheeps, seashells, salt, gold, pieces of paper, binary numbers.... what is a difference? Crypto tokens will exist, but they will not fulfill promise many hope for today. Nothing will change. It is as old as history.
The difference is the information and the difficult for control new technologies. A good example is the piracy.... Anyways the time will say
Try don't lose pants never...
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