FX Trading in Europe under threat - act now | Page 18 | Forex Factory

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FX Trading in Europe under threat - act now

  • #341
  • Mar 27, 2018 5:40am Mar 27, 2018 5:40am
There is no solution, unless you want to trade with a bucket shop, with zero protection for your funds. But hey; given that 90% lose up to 30k before giving it up, these hopeless and addicted gamblers will always find a way to lose their money and ruin their lives and that of their families.

The solution is to realise that ESMA have made the right decision and approach retail trading as a professional would, which is a big ask for the hopelessly addicted...

Quoting Drolph
{quote} Already spoke to some of the brokers I am using - they are trying to find a "solution" for this. Sure, they are afraid of loosing a bunch of income when everybody runs to offshore brokers. Let's see what they are coming with. For now, do not panic.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #342
  • Mar 27, 2018 5:53am Mar 27, 2018 5:53am
guys if i understand correctly these changes will take place in 3 months right untill then we can still trade with the normal leverage?
  • #343
  • Mar 27, 2018 6:27am Mar 27, 2018 6:27am
Define what you class as “normal leverage”?

Quoting vladutz112
guys if i understand correctly these changes will take place in 3 months right untill then we can still trade with the normal leverage?
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #344
  • Mar 27, 2018 6:34am Mar 27, 2018 6:34am
There will be many interpretations of "this news"....so there is original source of it:

https://www.esma.europa.eu/press-new...tail-investors

At the bottom of this site, there are QA, I add them to as attached file.

Best to all,
tayette
Attached File(s)
File Type: pdf esma71-98-125_faq_esmas_product_intervention_measures (2).pdf   380 KB | 685 downloads
Per aspera ad astra
  • #345
  • Mar 27, 2018 6:38am Mar 27, 2018 6:38am
Quoting Spreadbetter
There is no solution, unless you want to trade with a bucket shop, with zero protection for your funds. But hey; given that 90% lose up to 30k before giving it up, these hopeless and addicted gamblers will always find a way to lose their money and ruin their lives and that of their families. The solution is to realise that ESMA have made the right decision and approach retail trading as a professional would, which is a big ask for the hopelessly addicted... {quote}
I can only speak for myself, but a diversified portfolio allows the use of strategies utilizing higher leverages without beeing a gambler or beeing an "addict". I am making money for years and happy about the possibilities higher leverages offer. And I am not responsible for the trading career of somebody else.

Beeing already in contact with several candidates outside of the EU (I am not promoting anything), where I am going to transfer my funds to. Instead of having me trading transparent and regulated within the EU I am transfering capital outside of it. Pretty sure it will make it easier for the EU to control capital flow.

Do not hate the player, hate the game!
  • #346
  • Mar 27, 2018 6:50am Mar 27, 2018 6:50am
Quoting Spreadbetter
Define what you class as “normal leverage”? {quote}
the normal 500:1
  • #347
  • Mar 27, 2018 7:00am Mar 27, 2018 7:00am
If if you need high leverage, then you’re a reckless gambler.

Quoting Drolph
{quote} I can only speak for myself, but a diversified portfolio allows the use of strategies utilizing higher leverages without beeing a gambler or beeing an "addict". I am making money for years and happy about the possibilities higher leverages offer. And I am not responsible for the trading career of somebody else. Beeing already in contact with several candidates outside of the EU (I am not promoting anything), where I am going to transfer my funds to. Instead of having me trading transparent and regulated within the EU I am transfering capital...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #348
  • Mar 27, 2018 7:08am Mar 27, 2018 7:08am
Quoting Spreadbetter
If if you need high leverage, then you’re a reckless gambler. {quote}
Expand your horizon!

Guess you have 90% of your funds diversified on x trading accounts using conservative trading approaches without mentionable leverages and use high leveraged 10% of your capital to maximize your performance - thats way less gambling than relying on one low leverage trading account alone.

Leverage is a tool, nothing more, nothing less.
  • #349
  • Mar 27, 2018 7:12am Mar 27, 2018 7:12am
Quoting Spreadbetter
If if you need high leverage, then you’re a reckless gambler. {quote}
whyy keep a lot of money at the broker when u can only keep a small part that is necessary when trading . think before you speak
  • #350
  • Mar 27, 2018 7:41am Mar 27, 2018 7:41am
Interesting, there are no reactions on brokers side.
Anyone is just waiting.
  • #351
  • Mar 27, 2018 7:46am Mar 27, 2018 7:46am
Quoting SuperPip
Interesting, there are no reactions on brokers side. Anyone is just waiting.
They are all aware of it, trust me. Had several calls some hours ago. But they are waiting for beeing officially instructed by the ESMA to react.
  • #352
  • Mar 27, 2018 8:06am Mar 27, 2018 8:06am
And there is also FCA statement on ESMA’s temporary product intervention measures applied to retail CFD and binary option products on their website:

https://www.fca.org.uk/news/statemen...binary-options

Best to all,
tayette
Per aspera ad astra
  • #353
  • Mar 27, 2018 8:08am Mar 27, 2018 8:08am
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  • #354
  • Mar 27, 2018 8:32am Mar 27, 2018 8:32am
Excess leverage is for tools.

Quoting Drolph
{quote} Expand your horizon! Guess you have 90% of your funds diversified on x trading accounts using conservative trading approaches without mentionable leverages and use high leveraged 10% of your capital to maximize your performance - thats way less gambling than relying on one low leverage trading account alone. Leverage is a tool, nothing more, nothing less.
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #355
  • Mar 27, 2018 10:26am Mar 27, 2018 10:26am
I can understand if ban CFD, which is crap product, rather trade futures in CME. but they didnt'
good they try to stop binary options.

Now its interesting see what brokers are these which have office also in U.K and offshore, and they routed they orders via offshore.

Some people trade profitable and low risk. this will hit commisions too.

Time to move to far east forever.

I dont need Ascot flower hat esma idiots make decisions for me. Or tell how much power vacuum cleaner can have. or how much angle cucumber could have, f... them.

Why they dont make slot/fruit machine working only 5 cents, people are loosing properties etc when gambling.
but noo we dont touch fruit machines those are safe way to lose pants,wife,car,castlle.

I think too huge drop go 1:30. I need brokers, i want them survive.

Now people start using tottally hoax brokers, they will have zero % probability of succes. before they had some.
  • #356
  • Mar 27, 2018 10:34am Mar 27, 2018 10:34am
What part of up to 90% of losers losing up to €30k now did you fail to take on board? ESMA are preventing retail punters from continually punching themselves in the face. One of the main reasons they fail is due to excess leverage and poor understanding of margin.

If you can’t trsde under the new protocols, then you are (and always were) an addicted, delusional, day dreaming, gambling idiot.

Quoting kk100
I can understand if ban CFD, which is crap product, rather trade futures in CME. but they didnt' good they try to stop binary options. Now its interesting see what brokers are these which have office also in U.K and offshore, and they routed they orders via offshore. Some people trade profitable and low risk. this will hit commisions too. Time to move to far east forever. I dont need Ascot flower hat esma idiots make decisions for me. Or tell how much power vacuum cleaner can have. or how much angle cucumber could have, f... them. Why they dont...
"The meek shall inherit the earth.." Yeah right, good luck with that shit..
  • #357
  • Mar 27, 2018 10:55am Mar 27, 2018 10:55am
Quoting kk100
I can understand if ban CFD, which is crap product, rather trade futures in CME. but they didnt' good they try to stop binary options. Now its interesting see what brokers are these which have office also in U.K and offshore, and they routed they orders via offshore. Some people trade profitable and low risk. this will hit commisions too. Time to move to far east forever. I dont need Ascot flower hat esma idiots make decisions for me. Or tell how much power vacuum cleaner can have. or how much angle cucumber could have, f... them. Why they dont...
Which exactly point out my opinion what is the exact purpose of this directive - to pour liquidity in certain market makers and flush a lot of competition. And nobody can assure me that this will prevent people from leaking money if they don’t trade properly - they will just slow the rate bit, results will be the same.
  • #358
  • Mar 27, 2018 10:57am Mar 27, 2018 10:57am
Quoting Spreadbetter
What part of up to 90% of losers losing up to €30k now did you fail to take on board? ESMA are preventing retail punters from continually punching themselves in the face. One of the main reasons they fail is due to excess leverage and poor understanding of margin. If you can’t trsde under the new protocols, then you are (and always were) an addicted, delusional, day dreaming, gambling idiot. {quote}
do you even understand what leverage is and how u use it?
  • #359
  • Mar 27, 2018 11:01am Mar 27, 2018 11:01am
Quoting Spreadbetter
What part of up to 90% of losers losing up to €30k now did you fail to take on board? ESMA are preventing retail punters from continually punching themselves in the face. One of the main reasons they fail is due to excess leverage and poor understanding of margin. If you can’t trsde under the new protocols, then you are (and always were) an addicted, delusional, day dreaming, gambling idiot. {quote}
I think you are missing the point here...this will hurt also the people who actually DO profits consistently.

The people that have profitable experience would need to pour unnecessary liquidity right in to the hands of the “right” (ESMA bonified) brokers and MMs.

This is actually a step that would put the FX retail industry 2 decades backwards.

I guess the only winners will be shady offshore and Asian brokers that would emerge...
  • #360
  • Edited 1:07pm Mar 27, 2018 11:01am | Edited 1:07pm
Quoting Spreadbetter
What part of up to 90% of losers losing up to €30k now did you fail to take on board? ESMA are preventing retail punters from continually punching themselves in the face. One of the main reasons they fail is due to excess leverage and poor understanding of margin. If you can’t trsde under the new protocols, then you are (and always were) an addicted, delusional, day dreaming, gambling idiot. {quote}
Let them punch they own face.

You are imbecile, thinking people here dont have background of financial industry, and know how to trade.

I will let you croak like a malfunction record in parrot mouth.
join salvation army, go picadilly circus, and wear billboard and shout end of world.

This is more than ESMA lowering leverage.

If people dont know how to trade its they problem.

If you cant use microwave, and put your head inside, its not my or philips problem. But you need regulator how many minutes you can fuck.

I manage my risk and continue trading profitable day after day, month after month, year after year.

You can do lectures in forexfactory about saving peoples souls and insulting people day after day, and maybe you have this year your 10 000's postage.
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