DislikedIf they do implement 10:1 leverage, I bet they will add a "grandfather" clause to allow existing accounts to maintain 100:1 leverage.Ignored
High leverage vs Low leverage 73 replies
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DislikedIf they do implement 10:1 leverage, I bet they will add a "grandfather" clause to allow existing accounts to maintain 100:1 leverage.Ignored
DislikedI believe in regulation to the degree futures and commodities are regulated. I just took (and passed) my series 3 exam. I learned a lot from that. While commodities and futures have harsher regulation it is still extremely easy to lose all your money. For example every move of a dollar in a standard oil contract is equal to $1,000. CTA'a and CPO's have to post their profits and loses, look at their sites, many have lost thousands of dollars. Would regulation change forex? No! as many have said a fool and his money are soon parted. ...Ignored
DislikedIm wondering if what they're saying is they want the account holder to manage his account size so that any single trade does not overleverage the account. For example, with 100:1, if your account size is $10,000, and you place a trade with one standard lot, then your margin is $1,000 and your trade is controlling $100,000. In that case, the leverage in "the transaction", is $100,000:$1,000 or 100:1. But it is only $100,000:$10,000 or 10:1 within the account. But if you place a second trade of 1 standard lot, then the leverage within "the transaction"...Ignored
QuoteDisliked8. Proposed Regulation 5.9 – Security Deposits for Retail Forex Transactions.
Proposed Regulation 5.9(a) would require each RFED and each FCM that engages in retail forex transactions, in advance of any such transaction, to collect from the retail forex customer a security deposit (in cash or in financial instruments that meet the requirements of Regulation 1.25) equal to ten percent of the notional value of the retail forex transaction, ten percent of the notional value of short retail forex options in addition to the premium received,...
DislikedWow they print out every email, stamp it two times, write the date on it by hand and scann it. Lol someones is going to have a busy day at the office...Ignored
DislikedI hope so because it means people are taking this into account as we really have to take it.Ignored
DislikedI attach here my broker request to act IMMEDIATELY against new rule that will definitely kill the Forex as we know, limiting leverage to 1:10
ACT NOW BEFORE ITS TOO LATE, SPREAD THE VOICE AS MUCH AS POSSIBLE
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Dear Valued Customer,
[color=#000000]As many of you are aware, the U.S. Commodity Futures Trading Commission (CFTC) announced on January 13, 2010 that it is seeking public...Ignored
DislikedSorry chaps, I used to be against the new leverage regulation, but now I'm in full support of it. I would never have been able to get where I am now without limiting myself to less than 5:1 leverage (2 to 1 most often).Ignored