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Thoughts on 50:1 Leverage

  • #241
  • Sep 12, 2010 2:09am Sep 12, 2010 2:09am
I think we can now consider this thread officially DERAILED...
  • #242
  • Sep 13, 2010 3:08pm Sep 13, 2010 3:08pm
Quoting RickJames300
I think we can now consider this thread officially DERAILED...
I agree
  • #243
  • Sep 13, 2010 5:18pm Sep 13, 2010 5:18pm
Quoting Maxsmart

I agree
Me too........now what?
  • #244
  • Sep 14, 2010 8:32pm Sep 14, 2010 8:32pm
Quoting pipmutt
Me too........now what?
I don't know...all you de-railers could shut the hell up, maybe?
  • #245
  • Sep 14, 2010 11:18pm Sep 14, 2010 11:18pm
Quoting RickJames300

I don't know...all you de-railers could shut the hell up, maybe?
Me? A 'de-railer'? I think not.....

.....but I'm happy to debate the subject if you think it's on topic!
  • #246
  • Sep 15, 2010 8:56am Sep 15, 2010 8:56am
Quoting pipmutt
Me? A 'de-railer'? I think not.....

.....but I'm happy to debate the subject if you think it's on topic!
sorry pipmutt, didn't mean you...should have been more specific...

so now the question is, how do we get this repealed?
  • #247
  • Sep 17, 2010 9:51am Sep 17, 2010 9:51am
Nothing disgusts old money more than new money. 30 year career royalty...i mean politicians have the responsibility to prevent anyone without the proper breeding and backing from making it into their club.
That's the root of it. Get elected on pretending to care about people, and then don't. None of these things in the last few decades have anything to do with your best interest. I keep hearing about all these entitlements. You know how impossible it is to even qualify for them?

Naa. I don't trust people who steal from the tax coffers on their boat purchases and on down the line. There was too much volume and movement in stocks in the 90's, so they killed that, and now they have to gut this. And I'm wondering about what they are doing with the derivatives/spread-betting, that was cool.
  • #248
  • Oct 4, 2010 12:32am Oct 4, 2010 12:32am
Quoting AlmostLive
After dummy trading for nearly two years, my dad and I were ready to take our accounts live....
Well you can still enjoy 400:1 leverage with www.fxsolutions.com They accept U.S. clients and there are some others out there right now for the time being. I am not sure if this story is real because your throwing in the towel without even looking at fxcm UK fxsolutions and countless others that take U.S. clients. I started this thread, I believe that this regulation is heinous, but it sounds suspect to give up when you can still trade with higher leverage abroad

Who thinks the above story is true let me here a yes or no just out of curiosity. If it is true AlmostLive I am glad I just solved your problem for you.
  • #249
  • Oct 4, 2010 1:11am Oct 4, 2010 1:11am
Quoting Maxsmart
Well you can still enjoy 400:1 leverage with www.fxsolutions.com They accept U.S. clients and there are some others out there right now for the time being. I am not sure if this story is real because your throwing in the towel without even looking at fxcm UK fxsolutions and countless others that take U.S. clients. I started this thread, I believe that this regulation is heinous, but it sounds suspect to give up when you can still trade with higher leverage abroad

Who thinks the above story is true let...
To answer your question, yes, it could be true. Unfortunately, you didn't solve their problem...

FX Solutions UK is repatriating all US accounts to FX Solutions LLC (in the US) at close of business October 15, which means you either close your account before then or you will be with the US office of FX Solutions at 50:1.


As of right now, pretty much the only possibility is GoMarkets out of Australia, and they are waiting on legal advice before they decide to continue to accept US clients. All in all, it appears that US residents are going to be required to accept 50:1 if they continue to trade forex spot markets.
  • #250
  • Oct 4, 2010 6:01am Oct 4, 2010 6:01am
Quoting AlmostLive
After dummy trading for nearly two years, my dad and I were ready to take our accounts live....
It was an unwise decision to make the leverage 50:1 because it [b]increases[/]b the risk. Alpari Russia allows a 500:1 leverage which means I have to deposit 10 times less than with bucketshop Oanda. The real risk is Oanda running off with our money , there is a huge difference between losing $5000 with Oanda and $500 with Alpari Russia if both decide to abscond with the funds. Remember that if Oanda goes belly up nobody will give your money back to you.

As usual the American regulators have everything backwards, they should not have allowed AIG to write naked put options with no margin .
  • #251
  • Oct 4, 2010 6:05am Oct 4, 2010 6:05am
Quoting AlmostLive
After dummy trading for nearly two years, my dad and I were ready to take our accounts live....
All hope isn't lost. Get somebody from South-Africa to give you his water and utility bill . Setup an offshore company with you hiding behind it. Open with Alpari Russia where the controls are more lax and you can trade.

Only problem would be making to much money and the IRS wanting to know how you got the funds , they might not like the idea of Americans sidestepping the CFTC. Ask a lawyer on this one.
  • #252
  • Oct 4, 2010 6:38am Oct 4, 2010 6:38am
Quoting StephanusR
All hope isn't lost. Get somebody from South-Africa to give you his water and utility bill . Setup an offshore company with you hiding behind it. Open with Alpari Russia where the controls are more lax and you can trade.

Only problem would be making to much money and the IRS wanting to know how you got the funds , they might not like the idea of Americans sidestepping the CFTC. Ask a lawyer on this one.
The IRS? Will they have the time to look into that while they're administering your healthcare?

At least everyone indicted on ethics charges are getting re-elected. we're saved!
  • #253
  • Oct 4, 2010 6:51am Oct 4, 2010 6:51am
Quoting pipmutt
Unfortunately some people are not as smart as you.


Maybe that's the problem, gullible people who know nothing about trading were being sold a dream which had little to no chance of becoming reality. Shops used ridiculous leverage as a marketing tool to entice new suckers through the door......fortunately that's being stopped now. Sure, the majority will still lose, but at 50:1 the game isn't as attractive to the get-rich-on-$100 brigade as it was, and at least they'll get a few goes at making it rather than blowing it all on one spin!

I don't...
If you don't think anyones trying to stop you, try going into every other business you can think of and check out the rules there and see if it's any better.

Making a rule that says I can't throw 25 dollars away, it now has to be 250 doesn't make a whole lot of sense. Unless you think the politicans(IQ of 350) were born to help you set your household budget.
  • #254
  • Oct 4, 2010 9:14am Oct 4, 2010 9:14am
Quoting StephanusR
The real risk is Oanda running off with our money , there is a huge difference between losing $5000 with Oanda and $500 with Alpari Russia if both decide to abscond with the funds. Remember that if Oanda goes belly up nobody will give your money back to you.
And why would a successful business such as Oanda risk losing its license just to get that $5k or yours?

They're the most transparent "market maker" broker out there, and they have a pretty big client base. They don't need your measly $5k.

I don't know why you are targeting them specifically, out of all brökers. I'm guessing you just traded there and lost.
  • #255
  • Oct 4, 2010 7:54pm Oct 4, 2010 7:54pm
Quoting Maxsmart
Well you can still enjoy 400:1 leverage with www.fxsolutions.com They accept U.S. clients and there are some others out there right now for the time being. I am not sure if this story is real because your throwing in the towel without even looking at fxcm UK fxsolutions and countless others that take U.S. clients. I started this thread, I believe that this regulation is heinous, but it sounds suspect to give up when you can still trade with higher leverage abroad

Who thinks the above story is true let me...
Unfortunately, FXSolutions, FXCM, forex.com (Gain), and others are all repatriating any US accounts back to the US and dropping leverage to 50:1/20:1.

We have some options to fight back:
1) Leave the country.
2) Never vote for any democrat ever again.
3) Get dual citizenship in another country, get foreign address, and bank account. Trade with foreign brokers, then when your ready to retire move to another country and enjoy your retirement savings. (Maybe pick a tax free or low tax country if possible.)
  • #256
  • Oct 4, 2010 8:24pm Oct 4, 2010 8:24pm
Guys, do not worry much, you change nothing.
Smart people accomodate to new circumstances,
stupid people fight them.

I talked to ibfx.com and they told me that US citizens will no more
be accepted by abroad brokers.
Buy my friend talked to fxopen.com and was told that
fxopen.com does not belong to this union and will
continue accepting US citizens.
  • #257
  • Oct 6, 2010 3:45pm Oct 6, 2010 3:45pm
somehow everything becomes a DEMOCRAT versus REPUBLICAN
theme
  • #258
  • Oct 6, 2010 4:41pm Oct 6, 2010 4:41pm
Quoting JeffC
Smart people accomodate to new circumstances,
stupid people fight them.
Really? Are you sure that stupid people only accomodate? It's great to adapt but maybe the smartest are those who were able to keep the circumstances just the way they liked them. And where would the (once upon a time) free world be were it not for those who fought against "new circumstances."

My Grandfather is the only man that I know who successfully won a case against the IRS because he felt that they owed him interest on money they had held for overpayment for more than a year. He got his interest even though it may have cost him more than the payment (they will damn sure charge you interest).

Stupid? ...........careful.
  • #259
  • Oct 6, 2010 5:38pm Oct 6, 2010 5:38pm
Here is a great webinar about rule changes:

http://www.fxstreet.com/webinars/ses...5-a733c05d302c
"GIVE ME 3 POINTS IN SPACE IN TIME AND WATCH ME CREATE MAGIC."
  • #260
  • Oct 11, 2010 4:01pm Oct 11, 2010 4:01pm
http://www.huffingtonpost.com/robert..._b_754938.html

Ha ha, so when are they going to re-deregulate us?

Jeff
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