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Leverage Reduction: First USA now Japan. Who's next?

  • #41
  • Oct 6, 2010 9:11am Oct 6, 2010 9:11am
We are forgetting the biggest question of them all.

Who is going to jail for not buying health insurance, which was mandated so heavily that prices will skyrocket?
Or Who is going to go to jail for opening a financial account with what you were allowed to have after taxes with a foreign entity?
Who will be imprisoned for buying a pet or a happy meal in San Francisco?
  • #42
  • Oct 6, 2010 9:30am Oct 6, 2010 9:30am
Quoting fap103
I have my account set up with Forex.com. Just got notified that they are changing my leverage Oct. 8th to 50:1. Can anyone recommend a broker that still allows 100:1 or 200:1 leverage? I assume it will have to be a broker with operations only in the UK?

Your only (good) option is to use a Bank that allows higher leverage. That will give you till July 2011 as things stand right now. The only one in the UK, that I'm aware of, accepting US customers is dbfx.
  • #43
  • Oct 6, 2010 1:07pm Oct 6, 2010 1:07pm
wm-eu............You are so correct. It all about each trader having the freedom to decide what leverage they want to use. It is your right, NOT some overpaid goverment employee.

techno79.........You raise some very important points that many are forgetting about. Again, more loss of freedom of choice. Any FOOL that thought there would be free insurance, or anything else free for that matter DOES NOT EVEN DESERVE TO VOTE.

fap103.............As one trader has already advise you can only bide your time by going to the Uk because the long arm of our socialist goverment will eventually reach out & pull you back.

Frankly we all should be more concerned by the points techno79 raised than this leverage & magin change.

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  • #44
  • Oct 6, 2010 1:46pm Oct 6, 2010 1:46pm
Quoting acetrader
Frankly we all should be more concerned by the points techno79 raised than this leverage & magin change.
Indeed.

That said, I would advise those looking for alternative temporary solutions to just save themselves the time and the hassle and try to get used to 50:1 leverage already. Also seriously consider this:

Never ever vote for anyone who isn't a believer in a free-market, personal freedom and personal responsibility, especially if you're an American, please. (just make sure it's not another Bush)
  • #45
  • Oct 7, 2010 5:10pm Oct 7, 2010 5:10pm
Marv I agree with you on all points. Free markets are the name of the game along with our freedoms of choice.

We have got to get a grip on these new changes & move on a make some money. Just maybe??? these changes will be temporary & we should get an idea how temporary after November 2, 2010.

No matter what country we live in we should all have the basic freedom to decide what is best for our situation whether its trading or what food we eat each day.

Thanks for your views & willingness to post.

_________________________________
"It Is Better To Light A Candle Than To Curse The Darkness"
  • #46
  • Oct 8, 2010 6:00am Oct 8, 2010 6:00am
Quoting acetrader
Marv I agree with you on all points....

i'm following the us politics and elections only infrequently, so at the Nov 2, there get re-elected the house of representatives, right?
Is there really the possibility that obama looses the majority there? so it would be damn hard for him to make new laws.

I'm pretty sure, that at the end the free market is winning
Pecunia non olet
  • #47
  • Oct 9, 2010 6:40am Oct 9, 2010 6:40am
wm-eu......as it stand now it is highly possible he will lose the majority, but his next strategy will be to set policy by executive order.......something he can do & thereby bypasssing congress. If the majority is lost in November congress will most likely go full steam ahead with more laws removing our freedom of choice. They are in office until after January 1, 2011.

It will take a full 10 yrs for the U.S. economy to recover from this mess, but in the mean time there are some nice opportunities developing across all markets. Example.....the housing market is far from recovered & gold is another area to watch as well as the DOW.

The leverage reduction is just a small part of the big picture. Lets all put the leverage change behind us & keep charging forward.

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  • #48
  • Oct 9, 2010 8:27am Oct 9, 2010 8:27am
The president is only supposed to enforce laws and congress makes laws. As stated in his first state of the union address and his actions and appointments, if they don't pass the laws he wants, he circumvents and creates them himself.

All of the house of representatives, and 1/3rd of the senate has elections every 2 years. But it's not like Parliment where there's a vote of no confidence and Prime Minister is a dud or gets kicked out with coalitions. They're *supposed* to be separate branches of government.
  • #49
  • Oct 9, 2010 8:30am Oct 9, 2010 8:30am
Quoting wm-eu
i'm not a friend of such high leverages - but i can only agree to your post. everyone is responsable for his own acc, if someone would like to use a leverage of 100:1 he should have the possibility to do so.
this regulation is an irregular intervention in the free market and helps nobody
I say it because high leverage isn't so much about getting rich quick, it makes the barrier of entry that much lower. I'd rather put up 500 dollars of my money than 2000 for the same result. We talk of percentage risked, but what about real dollars? Which would you rather lose as someone starting out? even micro accounts will probably go up.
While we talk of risking 1% to 3% of your account, didn't the money you put up front go up 400%? That seems like a problem right there. 400 to 50 :1
  • #50
  • Oct 9, 2010 11:22am Oct 9, 2010 11:22am
From my conversations with different firms all acounts from micro to the full size account will see this increase. Everyone will just have to adjust to this change & trade accordinly. Just another bump in the trading road.
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  • #51
  • Oct 9, 2010 11:31am Oct 9, 2010 11:31am
Techno79

That is how it is playing out under this regime.......do as he pleases & to
hell with congress & the public. Sounds like a dictatorship developing.
  • #52
  • Oct 9, 2010 10:59pm Oct 9, 2010 10:59pm
Quoting acetrader
Who is running the country of Japan? Some of the same like minded people that are running the U.S. Their view is they know whats best for the people (Liberalism). Wake Up People.
It's a shame that a term that actually means "free" is now ignorantly used - particularly by Americans - to describe left-wing politics. I'm a liberal, and have an opposing political ideology to those in the US typically described as liberal.
  • #53
  • Oct 10, 2010 8:43am Oct 10, 2010 8:43am
Quoting acetrader
Techno79

That is how it is playing out under this regime.......do as he pleases & to
hell with congress & the public. Sounds like a dictatorship developing.
til now the usa was always the symbol of freedom and free markets - but it seems that that is going to change with this government
Pecunia non olet
  • #54
  • Oct 10, 2010 10:11am Oct 10, 2010 10:11am
Quoting techno79
1000:1 = $100 per lot?
So your motivation of gov't knows best is my 100 dollars is protected(due to tax increases in janurary). Or should I lose the 100,000 instead with no leverage since we'll lose it anyway.
Sounds like SEC rule 2520 again, which proves my theory more than common sense watching the leaders would.

Same people protecting my 100 bucks are the ones protecting me from happy meals and soft drinks, yet legalizing drugs.
1000:1 = $1000 per lot
1000:1 = $100 per 0.10 lot
  • #55
  • Oct 10, 2010 1:02pm Oct 10, 2010 1:02pm
Hello Mr J,

If you are a liberal & are not condoning what is taking place in the U.S.A. good for your my friend, but our liberals are wrecking this counrty. I understand what you mean by term useage. Maybe you could give some training classes over here in order to convert some to your views.

Thanks for your view & points taken.
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  • #56
  • Oct 11, 2010 6:52pm Oct 11, 2010 6:52pm
Quoting wm-eu
til now the usa was always the symbol of freedom and free markets - but it seems that that is going to change with this government
People havent been truly free since the introduction of Income Tax!!!
  • #57
  • Oct 11, 2010 7:21pm Oct 11, 2010 7:21pm
Quoting Mr J
It's a shame that a term that actually means "free" is now ignorantly used - particularly by Americans - to describe left-wing politics. I'm a liberal, and have an opposing political ideology to those in the US typically described as liberal.
I wonder if you fall under Libertarian. In my experience there are two types of Liberals. Facists, and ones who don't know they're actually libertarian to some degree(lots of degrees).
  • #58
  • Oct 12, 2010 10:01pm Oct 12, 2010 10:01pm
Quoting techno79
I wonder if you fall under Libertarian. In my experience there are two types of Liberals. Facists, and ones who don't know they're actually libertarian to some degree(lots of degrees).
well now I know there are 2 types of that. but can you explain more to me? which of them is positive?
  • #59
  • Oct 13, 2010 8:38am Oct 13, 2010 8:38am
Guys, there is still Europe and Australia... But will this expand to the whole world? What is behind this?

I will definitely not open an account on any US broker now.

I only hope this changes and Europe remains clear. It sucks to have to do just 1 trade at a time.

It is not to protect anyone.... This is so obvious! What about ending hedging and FIFO? Was that to protect traders too? Was it?

This is really to lock the smaller traders and people who are young and just starting out in a basement. This is wrong and will backlash on the ones responsible, sooner or later, they will taste their own medicine.

I'm just so... God, this is just wrong...
  • #60
  • Oct 14, 2010 5:12am Oct 14, 2010 5:12am
Many groups within the industry suspect that the CFTC was trying to force retail investors into the currency futures markets, but industry comments have revealed that if leverage is reduced in such a manner, U.S. retail traders are likely to move to overseas brokers who will offer greater leverage. This meeting may be a sign that the regulators are taking the comments of the industry to heart. We will keep reporting on this issue.
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