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Will forex ever end for retail traders like us

  • #21
  • Jan 3, 2016 12:07pm Jan 3, 2016 12:07pm
Quoting merquise
{quote} Not everyone's fault if someone doesn't know how to use leverage. Why would the rest of us be on the same boat with those who don't know how to use it?
Because they “cry” the loudest…….the more they cry, the more regulators feel the need to place increasing regulations upon retail traders, to protect them from their selves, due to their lack of understanding how markets actually operate……….. Eventually, when the regulators get sick of all the tears, will place enough regulations that will make it very difficult for the average person to participate in the markets
Markets are not efficient, rather they are effective - Jones
  • #22
  • Jan 3, 2016 12:17pm Jan 3, 2016 12:17pm
It will be more and more regulated, to what extent one can only guess, government control and restrictions do seem to be accelerating which should scare the crap out of everybody.
  • #23
  • Jan 3, 2016 1:41pm Jan 3, 2016 1:41pm
Quoting nubcake
{quote} Holy shit I wonder if casino forums have to listen to you moan about the big bad casino's. Go pound sand.
At least you know it's a Casino ... that's already something.
  • #24
  • Jan 3, 2016 1:50pm Jan 3, 2016 1:50pm
Quoting Mingary
{quote} At least you know it's a Casino ... that's already something.
uuuuuuuuuUUUUGGGHHHH!!!!!!!

Just because retail traders are the dumbest fucks that have ever breathed air doesn't mean a thing. Trading isn't a fucking charity. Banks aren't here to give away money. Banks are a business like any other. Traders putting their money at risk either know what risk they are taking, or they don't... and that's 100% on them.

What do you want? What is your expectation here? What is it about forex trading that so supremely offends you? Are you one of these Occupy Wall Street wankers who spew tears on cue but can't actually articulate the problem... because you can't conceptualize what it is you are trying to complain about?
Congratulations ScalaFX for coming out of the closet!
  • #25
  • Jan 3, 2016 1:54pm Jan 3, 2016 1:54pm
Quoting mzvega
{quote} Because they cry the loudest.the more they cry, the more regulators feel the need to place increasing regulations upon retail traders, to protect them from their selves, due to their lack of understanding how markets actually operate.. Eventually, when the regulators get sick of all the tears, will place enough regulations that will make it very difficult for the average person to participate in the markets
Lol, they will still lose It doesn't matter with or without leverage..they will only lose slower

Btw. I don't think they are crying about the leverage..on this forum and on most alike you can see a lot of the people talking about broker conspiracy in manipulating prices to stop them out and similar.. So this talk about leverage is ridiculous...
  • #26
  • Jan 3, 2016 2:05pm Jan 3, 2016 2:05pm
Quoting nubcake
{quote} uuuuuuuuuUUUUGGGHHHH!!!!!!! Just because retail traders are the dumbest fucks that have ever breathed air doesn't mean a thing. Trading isn't a fucking charity. Banks aren't here to give away money. Banks are a business like any other. Traders putting their money at risk either know what risk they are taking, or they don't... and that's 100% on them. What do you want? What is your expectation here? What is it about forex trading that so supremely offends you? Are you one of these Occupy Wall Street wankers who spew tears on cue but can't...
Well.. lots actually.

It's just not retail traders who are the dumbest fucks because a "professional" is any retail trader who has not lost all his money yet.... The banks and brokers love them all (:

Here I'll start with this.
In the late soviet union (which is not much different than the new one) speculation would lend you 5 years in a concentration camp in siberia ..
In my opinion, this is probably one of the few redeeming feature of that era.

getting late here. And I have to get up early to get to a REAL JOB. So if you do answer I will reply tomorrow.
  • #27
  • Jan 3, 2016 2:21pm Jan 3, 2016 2:21pm
Quoting Mingary
"professional" is any retail trader who has not lost all his money yet
trust me when i say i'm being kind here... but that's bullshit to the nth degree of absurdity, and I think you know it.

you really do sound like someone who got burned, but desperately wishes to have at least some type of label for themselves as a consolation prize.

Quote
So if you do answer I will reply tomorrow.

Yeah, maybe just don't.
Congratulations ScalaFX for coming out of the closet!
  • #28
  • Jan 3, 2016 2:39pm Jan 3, 2016 2:39pm
Quoting merquise
{quote} Lol, they will still lose It doesn't matter with or without leverage..they will only lose slower Btw. I don't think they are crying about the leverage..on this forum and on most alike you can see a lot of the people talking about broker conspiracy in manipulating prices to stop them out and similar.. So this talk about leverage is ridiculous...
I agree...........
Markets are not efficient, rather they are effective - Jones
  • #29
  • Jan 3, 2016 2:41pm Jan 3, 2016 2:41pm
Quoting Mingary
{quote} Well.. lots actually. It's just not retail traders who are the dumbest fucks because a "professional" is any retail trader who has not lost all his money yet.... The banks and brokers love them all (: Here I'll start with this. In the late soviet union (which is not much different than the new one) speculation would lend you 5 years in a concentration camp in siberia .. In my opinion, this is probably one of the few redeeming feature of that era. getting late here. And I have to get up early to get to a REAL JOB. So if you do answer I will...
Everything is a JOB. There are no UN-REAL jobs. There are jobs and no jobs.

Here for you to read https://en.wikipedia.org/wiki/Job
  • #30
  • Jan 3, 2016 3:08pm Jan 3, 2016 3:08pm
This place always reminds me of a spinal injuries ward in a hospital, where every patient has been told there is a 99% chance he will never walk again .... every patient decides that he will be that 1% who succeeds, even if he has no rational reason to think that.

Mingary is one of the 99% who failed, but instead of going home and getting on with his life he spends his days wheeling himself around the ward telling all the other patients to give up, there is no hope .... even though occasionally one of them gets up and walks out .... he ignores that and keeps telling people it never, ever happens.

I could maybe summon some tiny modicum of respect for him if he was legitimately trying to help people, or thought he was doing the right thing, or acknowledged that some people do actually succeed, but he is clearly trying to knock people down simply because he enjoys it.
si hoc legere scis nimium eruditionis habes
  • #31
  • Jan 3, 2016 4:08pm Jan 3, 2016 4:08pm
Quoting nubcake
{quote} uuuuuuuuuUUUUGGGHHHH!!!!!!! Just because retail traders are the dumbest fucks that have ever breathed air doesn't mean a thing. Trading isn't a fucking charity. Banks aren't here to give away money. Banks are a business like any other. Traders putting their money at risk either know what risk they are taking, or they don't... and that's 100% on them. What do you want? What is your expectation here? What is it about forex trading that so supremely offends you? Are you one of these Occupy Wall Street wankers who spew tears on cue but can't...
I agree and most people on forums are lazy, they want somebody to give them the magical formula to getting rich hence the attraction to trading and thinking it's a get rich quick scheme and then they get annoyed when it doesn't work out....work is required!
  • #32
  • Jan 3, 2016 4:21pm Jan 3, 2016 4:21pm
Quoting 2+2=4ex
{quote} I have been warning folks for a few years now to reduce their exposure to leverage... for those who use leverage. Either by reducing position size or increasing bankroll (or both). Sooner or later I expect leverage to be made a mandatory 1:1. You don't want to be put in a position to have your positions forced closed when that happens. This seems to be a bigger issue for traders in the USA. And when leverage in the USA becomes 1:1 only, the retail forex industry will be pretty much dead. I don't know if every broker will shut down, but I...
When reading threads like this, I always want to mention the two accounts I am trading overseas. After finfx changed its policy toward US traders as of January 2015 my account was transferred elsewhere and so far so very good. In addition, am using another broker. Both are findable online if you look for them. Also: read the reviews and look look look. Some Americans won't do this; others are doing it profitably.
  • #33
  • Jan 3, 2016 9:17pm Jan 3, 2016 9:17pm
LOL, 1:500 leverage have the same cost as 1:50 , as the pip value is still the same , 100 pips will always cost you 100 X 10 = 1000 dollars per lot ..
I have no idea why would you people think higher leverage comes with higher risk ..
BTW, with 1:5 , better go to trade stocks instead ..
  • #34
  • Jan 3, 2016 9:25pm Jan 3, 2016 9:25pm
Quoting mzvega
{quote} Because they cry the loudest.the more they cry, the more regulators feel the need to place increasing regulations upon retail traders, to protect them from their selves, due to their lack of understanding how markets actually operate.. Eventually, when the regulators get sick of all the tears, will place enough regulations that will make it very difficult for the average person to participate in the markets
LOL, wth, the regulations are actually in favour of the brokers , not the retail traders .
1) you cant hedge your positions
2) the fucking FIFO
3) you can only trade with 1:50 or below...

The next move, will be : all trades are forced to open with a stoploss and take proft , as well as each trade should hold at least 30 mins before you close it GG
  • #35
  • Edited Jan 4, 2016 12:24am Jan 3, 2016 11:58pm | Edited Jan 4, 2016 12:24am
Quoting merquise
{quote} Lol 1:1 leverage, then why not go back to stone age Why do you think everyone moved away from 1:1 leverage in the first place? Not everyone's fault if someone doesn't know how to use leverage. Why would the rest of us be on the same boat with those who don't know how to use it?
These are questions for the lawmakers and regulators. It is fact that leverage has already been reduced by these bodies. They have already eliminated leverage on certains commodities (such as precious metal). And yes they have already begun discussions on doing the same for currency trading.
  • #36
  • Jan 4, 2016 12:08am Jan 4, 2016 12:08am
Quoting Greenstar
{quote} When reading threads like this, I always want to mention the two accounts I am trading overseas. After finfx changed its policy toward US traders as of January 2015 my account was transferred elsewhere and so far so very good. In addition, am using another broker. Both are findable online if you look for them. Also: read the reviews and look look look. Some Americans won't do this; others are doing it profitably.
Are you trading overseas accounts legally? For most US traders that is not an option. Sure some could "find" ways to get around things, but to some it might not be worth the risk. Actually I would say to the majority it would not be worth the risk. Do you have (or know what) recourse options you have in the event your brokers all of a sudden aren't "so far so very good" anymore?
  • #37
  • Jan 4, 2016 12:22am Jan 4, 2016 12:22am
Quoting fifaman2009
LOL, 1:500 leverage have the same cost as 1:50 , as the pip value is still the same , 100 pips will always cost you 100 X 10 = 1000 dollars per lot .. I have no idea why would you people think higher leverage comes with higher risk .. BTW, with 1:5 , better go to trade stocks instead ..
Yes the pip per lot value is the same, however larger positions are capable of being opened with high leverage. In other words, you could have more exposure than you could achieve with lower or no leverage.
  • #38
  • Jan 4, 2016 12:50am Jan 4, 2016 12:50am
Quoting 2+2=4ex
{quote} Yes the pip per lot value is the same, however larger positions are capable of being opened with high leverage. In other words, you could have more exposure than you could achieve with lower or no leverage.
yep, that why i said limit the leverage is not for the protection of retail traders' interest, but for the benefits of the brokers in US
  • #39
  • Jan 4, 2016 2:19am Jan 4, 2016 2:19am
Quoting 2+2=4ex
{quote} These are questions for the lawmakers and regulators. It is fact that leverage has already been reduced by these bodies. They have already eliminated leverage on certains commodities (such as precious metal). And yes they have already begun discussions on doing the same for currency trading.
I read somewhere that US wants to protect its Futures industry because when Forex came in everyone went there and Futures brokers were hit hard. Leverage in Futures was also lowered in the past and that's why everyone saw Forex with its high leverage as a saviour.

I've worn out my keyboard writing that high leverage doesn't mean that you have to use it and open large positions, but it's true meaning is in lower margin requirements !!!!
  • #40
  • Edited 10:16pm Jan 5, 2016 10:00pm | Edited 10:16pm
Quoting nubcake
{quote} trust me when i say i'm being kind here... but that's bullshit to the nth degree of absurdity, and I think you know it. you really do sound like someone who got burned, but desperately wishes to have at least some type of label for themselves as a consolation prize. {quote} Yeah, maybe just don't.
I have no idea what you are saying.
What I do know is that you are not making a living from "trading the forex as your only source of income".

Many blow hards come to this site to lord it over the gullible and whatever the reason (usually crooked), it's not because they are "professional forex traders who have been making a living with forex for years"

I will just classify our "conversation" as just another sighting:



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