New NFA Regulation! | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

NFA New Rule Not allowing stop and limit orders 74 replies

FINRA , SEC vs NFA regulation 0 replies

Guess how much NFA regulation costs 15 replies

Bypass NFA regulation broker.. 3 replies

NFA Regulation in the US 3 replies

New NFA Regulation!

  • #1
  • First Post: Edited Dec 4, 2009 12:32pm Nov 17, 2009 5:13pm | Edited Dec 4, 2009 12:32pm
November 29th no more than leverage of 100:1 what a crock! Granted it is generally account suicide if you use that much leverage and the trade goes against you but seriously it shouldn't be their decision on how we risk our money.

OMFG!!! That is just ridiculous and so is all the other recently imposed regulations "FIFO", "No Hedging"

GRRRRR!
  • #2
  • Dec 2, 2009 4:03pm Dec 2, 2009 4:03pm
I think lots of people have decided on leaving USA brokers and moving out. I understand NFA have done this to make sure there are risk measure in place because a lot of brokers out there wished to go against trader which is not fair. Now brokers and traders are equal and its brokers duty to make sure traders are happy for longetivity in business.

Fair play.

Who on earth wishes to trade with 400:1. Very risky indeed.
Investor with City Of Investment
  • #3
  • Dec 2, 2009 5:03pm Dec 2, 2009 5:03pm
Quoting murci
Who on earth wishes to trade with 400:1. Very risky indeed.
I trade with 400:1 all the time and do very well with it. Your problem is that you cannot figure out the difference between leverage and risk.


As far as the NFA is concerned it really isn't a big deal. I just moved my accounts overseas and continue to do what I like to do. You have to expect a large number of new regs after the financial crisis. As a trader you just need to adapt, your only other choice is to give up and go do something else.
  • #4
  • Dec 2, 2009 6:40pm Dec 2, 2009 6:40pm
Quoting magnumfreak
........Your problem is that you cannot figure out the difference between leverage and risk...........
I agree. I think a lot of traders missed that math lesson.

dave
Is it Break Time yet?
  • #5
  • Dec 2, 2009 8:42pm Dec 2, 2009 8:42pm
Quoting magnumfreak
As a trader you just need to adapt, your only other choice is to give up and go do something else.
Plenty o' little gems from the Freak.
  • #6
  • Dec 2, 2009 9:07pm Dec 2, 2009 9:07pm
Quoting murci
I think lots of people have decided on leaving USA brokers and moving out. I understand NFA have done this to make sure there are risk measure in place because a lot of brokers out there wished to go against trader which is not fair. Now brokers and traders are equal and its brokers duty to make sure traders are happy for longetivity in business.

Fair play.

Who on earth wishes to trade with 400:1. Very risky indeed.


Haven't been trading long, have you??
  • #7
  • Dec 2, 2009 10:14pm Dec 2, 2009 10:14pm
Curious which oversees brokers that you have looked at.

Best,

Quoting magnumfreak
I trade with 400:1 all the time and do very well with it. Your problem is that you cannot figure out the difference between leverage and risk.


As far as the NFA is concerned it really isn't a big deal. I just moved my accounts overseas and continue to do what I like to do. You have to expect a large number of new regs after the financial crisis. As a trader you just need to adapt, your only other choice is to give up and go do something else.
  • #8
  • Dec 2, 2009 10:34pm Dec 2, 2009 10:34pm
another side of this whole reduction in leverage is that us faders... now have different margins.. easier to fade at 400:1 than 50 or 100:1 using the same leverage due to requirements.
  • #9
  • Dec 3, 2009 2:14am Dec 3, 2009 2:14am
Quoting RRothschild
Curious which oversees brokers that you have looked at.
Magnumfreak uses Dukascopy and FXSolutions UK. The nice option with Dukascopy is they will allow you to trade with a bank guarantee. You no not need to deposit funds with them when that is in place. Ultimate security.
Do not focus on making money; focus on protecting what you have.
  • #10
  • Dec 3, 2009 5:19am Dec 3, 2009 5:19am
HELLO!!!
I’m new at forexfactory

Men now the leverage is going to be 400:1???? Goodness I’m with Swiss acm, FINMA regulatd. Totally agree with you, one bad trade and you are out. I think is all going to lead traders to look for non US based brokers
  • #11
  • Dec 3, 2009 6:30am Dec 3, 2009 6:30am
Quoting AmeriTrini
Haven't been trading long, have you??
Is this a sarcastic comment? Or are you being honest and saying that I am a total beginner?
Investor with City Of Investment
  • #12
  • Dec 3, 2009 8:40am Dec 3, 2009 8:40am
When does this supposedly go into effect? I'm with MB trading and as of today, I still seem to be getting 100:1 leverage on Forex? They haven't made any announcements as to changes either.
  • #13
  • Dec 3, 2009 12:33pm Dec 3, 2009 12:33pm
Quoting damagedv1
When does this supposedly go into effect? I'm with MB trading and as of today, I still seem to be getting 100:1 leverage on Forex? They haven't made any announcements as to changes either.
MBTrading is already limited at 100:1 on the majors, which are pretty much all anyone on these forums trades (unless there's some nuts out there trading clp/sek or something). 25:1 on non major pairs.


I'm curious if anyone who complains about regulating the FX market has ever looked into trading other markets? Do they complain about the requirements and regulations to trade equities? What about commodity futures? FX market needs more regulation.
  • #14
  • Dec 3, 2009 12:50pm Dec 3, 2009 12:50pm
Thanks for the response.

RR -
Quoting Why Oh Why
Magnumfreak uses Dukascopy and FXSolutions UK. The nice option with Dukascopy is they will allow you to trade with a bank guarantee. You no not need to deposit funds with them when that is in place. Ultimate security.
  • #15
  • Dec 3, 2009 12:56pm Dec 3, 2009 12:56pm
Quoting maxss280
November 29th no more leverage of 100:1 what a crock! Granted it is generally account suicide if you use that much leverage and the trade goes against you but seriously it shouldn't be their decision on how we risk our money.

OMFG!!! That is just ridiculous and so is all the other recently imposed regulations "FIFO", "No Hedging"

GRRRRR!
No more 100:1?

Huh
lowest draw down possible please.
  • #16
  • Dec 3, 2009 1:10pm Dec 3, 2009 1:10pm
Presumably to protect the clueless idiots who open accounts and immediately lose all their money. I don't see why I should have to be limited to protect clueless idiots.
  • #17
  • Dec 3, 2009 1:18pm Dec 3, 2009 1:18pm
Quoting ehrek
No more 100:1?

Huh
No more accounts with more than 100:1.
  • #18
  • Dec 3, 2009 1:40pm Dec 3, 2009 1:40pm
Quoting Pearl Jam
Presumably to protect the clueless idiots who open accounts and immediately lose all their money. I don't see why I should have to be limited to protect clueless idiots.
You have a point, but there is simply too many of them!
  • #19
  • Dec 3, 2009 5:44pm Dec 3, 2009 5:44pm
Yep



Quoting MackS10
You have a point, but there is simply too many of them!
  • #20
  • Dec 4, 2009 12:38pm Dec 4, 2009 12:38pm
Quoting smittens4212
MBTrading is already limited at 100:1 on the majors, which are pretty much all anyone on these forums trades (unless there's some nuts out there trading clp/sek or something). 25:1 on non major pairs.


I'm curious if anyone who complains about regulating the FX market has ever looked into trading other markets? Do they complain about the requirements and regulations to trade equities? What about commodity futures? FX market needs more regulation.
I traded Stocks and Options for several years before coming to Forex and yes there are tons of restrictions and regulations for the traders. That is one of the main reasons I enjoy Forex so much freedom baby! lol I have seriously started considering moving my accounts to a non NFA regulated broker.
0 traders viewing now