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Quoting irongoose
The last three news events I've noticed that the AUD always gos up after lower then expected numbers, what i'm I missing here, why is anyone going long at the moment?
If you also notice when volume enters the market it get's pushed down. It happened last night too.
When the facts change I change my mind, what do you do sir
Quoting Pharm0r
{quote} I would never trade with a broker that would subvert the US regulations for a US customer. Even though that works to your favor....do you REALLY want to trust your money with a dishonest broker? How do you think they will act when/if the US finds out? Never trust your friends. Especially if it involves money. The only option is to move/own a house outside the country, which I dont.
You can go get an apartment in a foreign country and use your utility bills and bank accounts from there to setup your Forex account with plus you can even do it with a US broker if you like and not be subject to US rules.
Quoting irongoose
{quote} You can go get an apartment in a foreign country and use your utility bills and bank accounts from there to setup your Forex account with plus you can even do it with a US broker if you like and not be subject to US rules.
There are a few foreign brokers that will take U.S. customers. The only thing is, you have to use that 1:200-500 leverage wisely
When the facts change I change my mind, what do you do sir
Quoting Pip Anon
{quote} There are a few foreign brokers that will take U.S. customers. The only thing is, you have to use that 1:200-500 leverage wisely
Something with a trade treaty I read one time makes it impossible for the US to go after one of them that I know about.

I know the US threatened a bunch in the British islands and they all stopped taking US traders.
I think the US regs are stupid.

But, because of those regs I can't and wont trade with foreign brokers even if they accept US customers. That's just asking for trouble...and the US seizing my account is not something I want to fuck with...especially since I'm winning just fine here in the US.

Maybe in a couple of years I can afford that apt in Greece or Brazil
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Quoting Pharm0r
I think the US regs are stupid. But, because of those regs I can't and wont trade with foreign brokers even if they accept US customers. That's just asking for trouble...and the US seizing my account is not something I want to fuck with...especially since I'm winning just fine here in the US. Maybe in a couple of years I can afford that apt in Greece or Brazil
Who says they can seize your account? Its not illegal for a US citizen to use a foreign broker. It maybe illegal under certain circumstances for the broker but that will only effect you if the US makes them close your account.
Quoting Pharm0r
I think the US regs are stupid. But, because of those regs I can't and wont trade with foreign brokers even if they accept US customers. That's just asking for trouble...and the US seizing my account is not something I want to fuck with...especially since I'm winning just fine here in the US. Maybe in a couple of years I can afford that apt in Greece or Brazil {image}
Sooo many flavors in Brazil! I don't know about the safety though in either place. Hell, Detroit is well... Ireland is amazing. If I could get a proper job there I'd move back in a heart beat
When the facts change I change my mind, what do you do sir
There's FATCA to worry about too if you are a US citizen investing overseas, unless your broker is not in a member country that has signed up to the US tax regime.
Quoting adamcox
There's FATCA to worry about too if you are a US citizen investing overseas, unless your broker is not in a member country that has signed up to the US tax regime.
I would be just worried about any foreign broker unless I checked them out and were under local regulations. I could literally, right now, go on a site and pay to have my shell FX corporation opened up in Cyprus, Czech Republic and a few other places.
When the facts change I change my mind, what do you do sir
Not that my comments make any difference but in my opinion if your system requires you to go outside of the US to be profitable you will probably not last in the long run. fifo just forces people to close losing trades when they do not want to and 10:1 leverage would be more than enough. 500:1 , did nobody learn from the big banks that went under?
Quoting adamcox
There's FATCA to worry about too if you are a US citizen investing overseas, unless your broker is not in a member country that has signed up to the US tax regime.

Treasury Department requires you fill out a form once a year and report any assets held over seas worth more then $10,000 ie bank accounts , broker accounts and you report your earning as capital gains , just save all your reports.
Quoting colened65
Not that my comments make any difference but in my opinion if your system requires you to go outside of the US to be profitable you will probably not last in the long run. fifo just forces people to close losing trades when they do not want to and 10:1 leverage would be more than enough. 500:1 , did nobody learn from the big banks that went under?
Valid point. The only thing I do not agree with is FIFO because it limits your ability to hedge. I could have a legitimate position but want to hedge event risk and such and cannot. If it is different in banks, fine; yet, how can the government or regulators how to trade in my retail account?
When the facts change I change my mind, what do you do sir
Quoting irongoose
{quote} Treasury Department requires you fill out a form once a year and report any assets held over seas worth more then $10,000 ie bank accounts , broker accounts and you report your earning as capital gains , just save all your reports.
So they can tax that mess
When the facts change I change my mind, what do you do sir
Quoting irongoose
{quote} Treasury Department requires you fill out a form once a year and report any assets held over seas worth more then $10,000 ie bank accounts , broker accounts and you report your earning as capital gains , just save all your reports.
http://www.irs.gov/pub/irs-pdf/f90221.pdf
Free fallin...
Quoting edindzeko
Free fallin...
How could it be? The RSI is like 20!



Shorted at .949 - I will post chart when I'm done. Kinda wishing I took Kiwi, too
When the facts change I change my mind, what do you do sir
I am short - new position some time ago. SL brought down, thought could be taken out on near a round number. Kiwi too. Just how much moey will be made now.
What a pitty -didn't quite get to profit target but got taken out on that spike. Another nice trade on the short side - like the kiwi.
DJI is looking precarious. Looks like it take a real hammering too. Effect on Aussie and Kiwi - looking at this one as a core driver of more fun to come !!
Hi, all viewers,

Is there anyone here who had account with FXCM and in UK location even though the person is from Canada, and resides in Canada? Recently they closed and shifted all those accounts to Canadian location, and under Canadian regulation, the margin requirement is horrible. This happened to me. I am really thinking to change to another broker who is not under Canadian Regulation. Any other suggestion from anyone is appreciated
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