The NFA is helping the US market by keeping Forex traders alive longer. Study after study has proven that the lower the leverage, the less likely that an account blow up will happen. Just imagine trying to blow up your account with 1x leverage. Overseas brokers tend to have traders who have been blown up their accounts many times and end up depositing 50 bucks for a new account because that's all they have left. Just as important as a percentage gain is the dollar amount gained. 100% of 20 bucks is only 20 bucks. You would've made more working at Mcdonald's than spending hours staring at a computer screen.
GJ You just won enough money to buy a dinner for 5 at Sizzler.
You're GAMBLING because you gained 20% in a day. You're just as likely to lose 25% the next day. You WILL lose your account trading that recklessly so it doesn't matter if you gained 20% today.
DislikedBy the way, Chris. I funded TradersWay Thursday. Very impressed. Other than the obvious restriction free conditions, spreads, commission and execution are also better than any US broker. Only made 20% today, albeit with a deposit that wouldn't have even allowed me to open any of the position sizes I traded today if it was a US broker.Ignored
You're GAMBLING because you gained 20% in a day. You're just as likely to lose 25% the next day. You WILL lose your account trading that recklessly so it doesn't matter if you gained 20% today.