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  • #62,261
  • Feb 5, 2009 10:28pm Feb 5, 2009 10:28pm
all their gonna do is send us all offshore... or another country...i better start looking for a legid one that allows use of a atm card to withdraw money...
those who can, do. those who cant, talk about those who can
  • #62,262
  • Feb 5, 2009 10:31pm Feb 5, 2009 10:31pm
Quoting Turhovach
By the way, have you folks seen this --

http://www.finra.org/Industry/Regula...s/2009/P117744

Could put a damper on some Forex Broker-Dealers...

if your broker isnt a member/ regulated by finra you dont have to worry about the leverage cut.....my suggestion is check with your broker and switch if they are
  • #62,263
  • Edited 11:01pm Feb 5, 2009 10:32pm | Edited 11:01pm
Quoting CAnthonyMVE
InterbankFX isnt a member so those using IBFX dont have to worry
Take a look at this. this is just a glimpse, Ackerman's came hard on the SEC and the SEC invoked excutive privilege and refused to answer specific questions about the Madoff case.
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  • #62,264
  • Feb 5, 2009 10:37pm Feb 5, 2009 10:37pm
Quoting wwwin
Take a look at this. this is just a glimpse, Ackerman's came hard on the SEC and the SEC invoked excutive privililage and refused to answer specific questions about the Madoff case.
http://www.youtube.com/watch?v=LCXUy...ext=1&index=11
I heard Harry Markopolos and this guy should be made head of the SEC

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Not all sins are created equal
  • #62,265
  • Feb 5, 2009 10:38pm Feb 5, 2009 10:38pm
i see the pair is back to flatline
  • #62,266
  • Feb 5, 2009 10:40pm Feb 5, 2009 10:40pm
Quoting Jay Walker
I heard Harry Markopolos and this guy should be made head of the SEC

http://www.youtube.com/watch?v=06vrqMJd2NQ

Markopoulos stated that only in about two years he would have such availability, the sad thing about this is that he was all along right, and there may be many more righteous persons around, just that their cause isn't yet public... or worth 50 billion...
Traders are smartasses
  • #62,267
  • Feb 5, 2009 10:41pm Feb 5, 2009 10:41pm
Quoting Jay Walker
I heard Harry Markopolos and this guy should be made head of the SEC

http://www.youtube.com/watch?v=06vrqMJd2NQ
Give it to the SEC Ackerman lol, this went on for a while, the SEC top lawyer invoked executive privilege to not be forced to testify, what a joke the SEC is.

Inserted Video
  • #62,268
  • Feb 5, 2009 10:43pm Feb 5, 2009 10:43pm
Quoting Turhovach
Halloo. You be fine, I think. Please if you could, please for to help me...
doesn't even come close...

Oh my aching thorax... I had to go on O2 for awhile till I could breathe again.

Jeez Turvo, you should come with a Surgeon General's warning when you post. I started howling and gasping... My wife comes running in, thought I was having a fit or something. All I could do was point at the screen while I turned blue...

She read the post, shook her head and left me gasping like a beached beluga muttering something about "Boys!..." Now my face hurts.

PS. You turn your PM off? I started to turn mine off as well, but instead I just delete the hate mail and scams now w/o reading them... I did get an offer to manage and trade a multi bazillion dollar overseas fund last week based on my pretty charts... Want me to forward it to you? They'll never know the difference.
FUBAR...
  • #62,269
  • Feb 5, 2009 10:45pm Feb 5, 2009 10:45pm
Quoting wwwin
Give it to the SEC Ackerman lol, this went on for a while, the SEC top lawyer invoked executive privilege to not be forced to testify, what a joke the SEC is.

http://www.youtube.com/watch?v=FOKSk...eature=channel
Him too. They can share the chairmanship.
Not all sins are created equal
  • #62,270
  • Feb 5, 2009 10:52pm Feb 5, 2009 10:52pm
Quoting Jay Walker
I heard Harry Markopolos and this guy should be made head of the SEC


After years of bastardizing the word "patriot", this guy is finally someone we can truly call one.
  • #62,271
  • Feb 5, 2009 10:54pm Feb 5, 2009 10:54pm
Quoting TradeWell


After years of bastardizing the word "patriot", this guy is finally someone we can truly call one.
...

Inserted Video
Traders are smartasses
  • #62,272
  • Feb 5, 2009 10:55pm Feb 5, 2009 10:55pm
just spoke with my broker (Gain Capital Group - Forex.com). the agent told me that they are NFA regulated. he said its a possibility that NFA will be taken over by FINRA soon, but don't know when.
Does any one know if Gain Capital Group will be regulated or IS regulated by FINRA?

edit: agent did not know what he was saying. spoke with the chief and they are PURELY NFA regualted. FINRA is non governmental regulated.
  • #62,273
  • Feb 5, 2009 10:57pm Feb 5, 2009 10:57pm
Quoting wwwin
Give it to the SEC Ackerman lol, this went on for a while, the SEC top lawyer invoked executive privilege to not be forced to testify, what a joke the SEC is.

http://www.youtube.com/watch?v=FOKSk...eature=channel
Lol, another evidence to prove that thier idiocy have grown into a whole new level. this simply won't work. there is money in need to be made out here. broker and dealers control indirectly or directly the SEC. otherwise business to be exported oversea.
"Simplicity is the ultimate sophistication" leonardo da vinci
  • #62,274
  • Feb 5, 2009 10:58pm Feb 5, 2009 10:58pm
Quoting TradeWell


After years of bastardizing the word "patriot", this guy is finally someone we can truly call one.
"Patriot" is a word that's too often tossed around.

I just bastardize the word "bastard".

Thoughts on this. Since they are an obvious failed regulator with Madoff and other ponzi schemers coming to the surface, could this be the end of the SEC?
Not all sins are created equal
  • #62,275
  • Feb 5, 2009 10:59pm Feb 5, 2009 10:59pm
Quoting wwwin
Give it to the SEC Ackerman lol, this went on for a while, the SEC top lawyer invoked executive privilege to not be forced to testify, what a joke the SEC is.

http://www.youtube.com/watch?v=FOKSk...eature=channel
executive privilege?????????? lets only hope that the deregulating executive had all his money with bernie... that would be fine with me.... what goes around comes around..
those who can, do. those who cant, talk about those who can
  • #62,276
  • Feb 5, 2009 10:59pm Feb 5, 2009 10:59pm
Quoting Jay Walker
I heard Harry Markopolos and this guy should be made head of the SEC

http://www.youtube.com/watch?v=06vrqMJd2NQ
Yes, I agree. He also testified at another point that the volume of options that Madoff was supposedly trading was way higher then the actual CBOE volume, and that these options never traded at the prices that Madoff said on the days he said he sold or bought, and this information was given to the SEC.

The moral of this story is FINRA STAY OUT OF FOREX REGULATION PLEASE, LOL
  • #62,277
  • Feb 5, 2009 11:04pm Feb 5, 2009 11:04pm
Quoting Spsantos
...

http://www.youtube.com/watch?v=ElsL9u6tRNU&NR=1
and this guy is the top SEC lawyer? wow, amazing stuff
...
  • #62,278
  • Feb 5, 2009 11:07pm Feb 5, 2009 11:07pm
Quoting Jay Walker
"Patriot" is a word that's too often tossed around.

I just bastardize the word "bastard".

Thoughts on this. Since they are an obvious failed regulator with Madoff and other ponzi schemers coming to the surface, could this be the end of the SEC?
I guess the senate now knows that the SEC wasn't even a regulator... That itself means the end of it, they will just try to find a nice way of "remodeling" it.

Lacking the knowledge to understand current ecomonies instruments, they could never regulate something they'd never understand.
Traders are smartasses
  • #62,279
  • Feb 5, 2009 11:08pm Feb 5, 2009 11:08pm
Quoting Jay Walker
"Patriot" is a word that's too often tossed around.

I just bastardize the word "bastard".

Thoughts on this. Since they are an obvious failed regulator with Madoff and other ponzi schemers coming to the surface, could this be the end of the SEC?
Sure. But then they will make a new agency with a new acronym.
  • #62,280
  • Feb 5, 2009 11:09pm Feb 5, 2009 11:09pm
Quoting PipPipPip
if 1hr closes below 1.2769, i am adding shorts with 10 lots with sl 100 and target 1.25 area. tbhis will be my last long term trade its gonna drop like a rock baby!

Let me start off by saying that I hope that I don't offend anyone, BUT
If you are going to learn this trading game correctly, you need to learn
good money management. Trading 10 lots at a time in not realistic, especially
in times like this. Most smart traders trading real money are sitting on the
sidelines and not risking their hard earned dollars, etc.

Trading a demo acct is good for learning on how to become a good trader, but unless
you have $50,000 or more of your money that you are going to put into a live acct, you
will never be trading 10 lots at a time, unless you are crazy and just want to lose a lot
of money.

Treat your demo acct like it is real money. This is the only way you will learn. This may
be like a fun little video game to some of you, but when you start to trade with real money
it's not just a game anymore - it's real and it's real money.

Learn to be realistic, learn to be patient, learn when not to trade, learn how to take a loss,
learn to take low risk trades, learn to read charts and candles with a minimal amount of
technical indicators that only tell you what the market has done and will never tell you
what the market is going to do and Most Importantly learn good money management!

As a wise man told me the other day - This is like a high stakes poker game and you are
playing against the best in the world. Retail buyers like most of us here do not move the
market - we're only along for the ride! Those guys that do move the markets are the best
there are and they are just hanging out waiting for you to go all in. Don't make sucker bet's
cause that is what they want you to do and when you do - once in awhile you may win,
but then BAM - You're out of the game! When it's real money, unless you have a rich uncle,
you can't just shrug it off and restock your account like it's a demo!

If you want to become a good trader - Be realistic and Think REAL MONEY!

Sorry for those that I offended, but please take this seriously!
I do and I make enough to make a living and live well!
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