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Help!!! US Traders, We Must Stand Up and Fight

  • #21
  • Oct 13, 2016 11:27pm Oct 13, 2016 11:27pm
Pipmaster77, to chime in I feel there is nothing the retail forex trader can do here in the US...corruption and control of money are too far entrenched to turn around and will continue with other retail trader markets falling prey to the elite in time IMO....my broker Tallinex just stopped excepting US clients also...I imagine you've already thought of trade copying to multiple accounts across brokers (if any can still be found) to distribute your risk and amount of lots you wish to trade....if not then that is an option.

Expatriating is the direction that more and more citizens are taking.....sadly I feel that is the only way to escape our governments quest for total control of the sheeple.

db
  • #22
  • Oct 13, 2016 11:51pm Oct 13, 2016 11:51pm
Quoting pipmaster77
4. Precious metals and stock indices. Why can't I trade gold or silver, the DAX or the DOW?.
you can trade US index futures, options, and etf's; metals related products, miners, etc. There are plenty of things to trade with beaucoup liquidity in real markets - the US stock, futures, and options exchanges.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #23
  • Oct 14, 2016 1:43am Oct 14, 2016 1:43am
Let a friend or relative abroad open an account with a foreign broker. You get the login info and trade from the US
  • #24
  • Oct 14, 2016 1:46am Oct 14, 2016 1:46am
Quoting The Fool
{quote}you can trade US index futures, options, and etf's; metals related products, miners, etc. There are plenty of things to trade with beaucoup liquidity in real markets - the US stock, futures, and options exchanges.
With stock trading you can trade basically only in one direction, with options you can't get in and out of the market at will....., somebody already mentioned the difficulties trading from the US with the other options
  • #25
  • Oct 14, 2016 2:12am Oct 14, 2016 2:12am
Quoting maxwell-eqtn
with options you can't get in and out of the market at will....., somebody already mentioned the difficulties trading from the US with the other options
you don't know anything about it. You can enter/exit American style options at any time.
"If The Fool persists in his Folly he will become wise." - William Blake
  • #26
  • Oct 14, 2016 4:14am Oct 14, 2016 4:14am
Quoting srt
{quote} If you're trading full lots, switch to futures: 1-Can trade all major currencies (6A, 6B, 6C, 6E, 6J, 6M, 6N, 6S) 2-Can trade nearly any commodity. (metals, energy, grains, livestock, etc....) 3-Can trade bonds, equity futures (DAX, dow, ES, etc....) 4-No FIFO rules 5-Lower transaction costs 6-Segregated accounts 7-You're not trading against the broker 8-Low intraday margins (good for scalping) ***With all the crazy rules they have with forex in the US and very few restrictive rules for futures trading, it's pretty clear which lobbyists...
Agreed, however; for me personally transaction costs are smaller through FX spot even at full lots (2.25 per future contract vs $1 per spot trade)...but that is because spot fx is offered in both a commission and spread format

Even so, agreed with all the above! Futures offer the best versatility.

Dont forget @FOOL- many of these brokers being utilized don't offer the robustness that our broker does- but yes also agree, no liquidity problems here via options or futures
  • #27
  • Oct 14, 2016 6:36am Oct 14, 2016 6:36am
Quoting The Fool
{quote}you can trade US index futures, options, and etf's; metals related products, miners, etc. There are plenty of things to trade with beaucoup liquidity in real markets - the US stock, futures, and options exchanges.
So, just be like everyone else and give in. The whole point of the regulations is to bring the business back to futures. They needed to do this because everyone moved to spot. If futures is so wonderful, why did everyone move to spot and the only way to bring them back is to over regulate and force them back? If we all go to futures, mission accomplished for them, which means they will just do other things and we will always be forced to comply.l
  • #28
  • Oct 14, 2016 6:45am Oct 14, 2016 6:45am
Excellent comments from many here about the (nasty) US government but we all have to work hard to get the message out just how corrupt, evil and vicious they are. This is not a post about Americans per se, I know many of them, meet them all the time and on the whole they've lovely people. It's the government I'm worried about.

But there is a possible way out for many, and the concepts are only going to get stronger. So everyone should read this book - Thieves Emporium by Max Hernandez as it will open your eyes to a new future, a future that is coming as the Elites start a) running out of money (happening), and b) turn ever more nasty against their enemies and believe me, millions and millions of the US government's 'enemies' are American and live obviously in America.

So stop thinking, buy the book now (Kindle available if you want it quick) and I know you'll thank me for the tip.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #29
  • Oct 14, 2016 7:55am Oct 14, 2016 7:55am
its actually funny how the developed world heading towards communist and the ex communist heading towards free market
I guess people really want what they don't have
In the end its just a stupid numbers game
  • #30
  • Oct 14, 2016 11:16am Oct 14, 2016 11:16am
Edited.
  • #31
  • Oct 14, 2016 11:43am Oct 14, 2016 11:43am
Quoting srt
{quote} If you're trading full lots, switch to futures: 1-Can trade all major currencies (6A, 6B, 6C, 6E, 6J, 6M, 6N, 6S) 2-Can trade nearly any commodity. (metals, energy, grains, livestock, etc....) 3-Can trade bonds, equity futures (DAX, dow, ES, etc....) 4-No FIFO rules 5-Lower transaction costs 6-Segregated accounts 7-You're not trading against the broker 8-Low intraday margins (good for scalping) ***With all the crazy rules they have with forex in the US and very few restrictive rules for futures trading, it's pretty clear which lobbyists...
Hi Srt:

Could please show us few of those good Futures brokers in the industry? I just looked at the tdameritrade.com, their requirement for min deposit is $2000, is there any broker require less for try out? thank you
Never say no to PIPS
  • #32
  • Oct 14, 2016 3:07pm Oct 14, 2016 3:07pm
Quoting lazyegg
{quote} Hi Srt: Could please show us few of those good Futures brokers in the industry? I just looked at the tdameritrade.com, their requirement for min deposit is $2000, is there any broker require less for try out? thank you
I've used IB (NOT a recommendation, just who I use) for about 5 years with no problems. Minimum account size is 10K though.

MB trading has a minimum account size of $500. I've never used them so have no opinion.

Here's a review of a few brokers. https://www.nerdwallet.com/blog/inve...g-commodities/

Ninjatrader.com has a couple partner brokers that would allow you to use the ninjatrader platform. Minimum account size is $1,000.

***Most futures brokers won't allow you to hold overnight positions with an account $1,000 or less. Day-trading can be done with $500 but only one contract.
  • #33
  • Oct 14, 2016 6:43pm Oct 14, 2016 6:43pm
I don't understand what this thread is about? I trade with FXCM should I be worry about something?
Anything can happen in FOREX. There's no 100% sure
  • #34
  • Oct 14, 2016 6:53pm Oct 14, 2016 6:53pm
Quoting piptastic
I don't understand what this thread is about? I trade with FXCM should I be worry about something?
Just do some research and than you tell me.
  • #35
  • Edited 4:31am Oct 15, 2016 3:32am | Edited 4:31am
This thread is basically about an oppressive US government (many western governments are sliding down this slope), in this case banning retail traders from trading cash FX. The oppressiveness is coming in many different forms, constant increases in regulations is just one. Can anything be done the OP is asking? Yes and no in my opinion.

No about the ban unless someone donates $1-$5m to the Clinton Foundation then there's a good chance for the ban to be lifted or made weaker so people can get around it.

Yes if they start to realise that things for all of us are probably going to get worse. Belgium has also banned it and I wouldn't be surprised if others follow suit. Britain is probably very safe as gambling/speculation is part of the country and it's a big money earner for the government. So we have to prepare and think what things might be like in the future, many are getting pissed off at this sort of shit read this excellent article - http://www.zerohedge.com/news/2016-10-14/elite-have-no-idea-society-near-breaking-point. The part that caught my eye was this 'to build real communities where one man can trust another'. As
cryptic as that sounds it all makes perfect sense if you read this excellent book - The Thieves Emporium by Max Hernandez. What he says in that book is part of the future for many people perhaps even some of the trading community.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #36
  • Oct 15, 2016 3:33am Oct 15, 2016 3:33am
As for FXCM if you're not an American citizen you have nothing at the moment to worry about, keep using them if you're happy.
Road To Wisdom? To err and err and err again, but less and less and less...
  • #37
  • Oct 15, 2016 11:34am Oct 15, 2016 11:34am
Quoting dreambig
Pipmaster77, to chime in I feel there is nothing the retail forex trader can do here in the US...corruption and control of money are too far entrenched to turn around and will continue with other retail trader markets falling prey to the elite in time IMO....my broker Tallinex just stopped excepting US clients also...I imagine you've already thought of trade copying to multiple accounts across brokers (if any can still be found) to distribute your risk and amount of lots you wish to trade....if not then that is an option. Expatriating is the direction...
I only use 3 brokers, so I actually trade without a copier. I still distribute risk as if I have 3 open trades, one will be at each broker. However, I believe what you suggest may be a better option. Can you recommend any trade copier service?
  • #38
  • Oct 15, 2016 10:14pm Oct 15, 2016 10:14pm
Quoting Calculus
As for FXCM if you're not an American citizen you have nothing at the moment to worry about, keep using them if you're happy.
Well you should be looking out for fxcm, I'm a US trader, and I trade with them. they let me withdraw and put in money super fast, and their service is actually pretty good. But..... their stock has been slipping ever since they did a reversal 1:10 stock, then switched to nasdaq from NYSE, and have been selling off divisions they own to pay back the leucida loan. I mean hands off to them, they paid 2/3 of the 300 million loan in a year, but still, are they liquidating or are they surviving? only time will tell, and until they pay off the loan, its like walking on thin ice..
  • #39
  • Oct 16, 2016 12:00pm Oct 16, 2016 12:00pm
Fighting the system just won't, nether will petitions or lobbying. We all have better things in life to get on with than waste it away.
Possible solution: Don't trade as an individual but trade as a limited company. Now as legitimate entity your company can trade from any country and this does not effect your personal circumstances in tax. The company now pays its taxes and can off set its loses. Again this has no bearing to you a an individual except you own the shares. If you collect dividends (profit) from the company (you have removed from the trading fund) then you pay tax on that.
Play the system with the rules you are given; don't fight the system
  • #40
  • Oct 16, 2016 4:04pm Oct 16, 2016 4:04pm
Personally I hold two limited companies, but i cannot advise you on what to do. I'm just trying to offering you a solution to a problem. Its at this point on where you need to seek the advise of an accountant. But what you are asking is possible.
Kind regards Mrtommifunn
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