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Trump and The FX Industry

  • #1
  • First Post: Nov 9, 2016 5:36am Nov 9, 2016 5:36am
I really hope that now, with Mr. Trump, the US FX industry would have some breath of fresh air as he promised to revitalize it...

Wish him good luck and wish good luck to all the traders here in FF forum...

Green pips to all,
MrJinks.
  • #2
  • Nov 9, 2016 2:55pm Nov 9, 2016 2:55pm
My understanding from listening to the pundits discuss his economic plan is that he want to get rid of Dodd-Frank and bring back Glass-Steigel. This would bring back just about everything and allow us to trade as does the rest of the world...the only exception I think think of would be that they may still limit the leverage to 50:1. Not that big a deal in my opinion
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  • #3
  • Nov 9, 2016 3:12pm Nov 9, 2016 3:12pm
Quoting DonPato
My understanding from listening to the pundits discuss his economic plan is that he want to get rid of Dodd-Frank and bring back Glass-Steigel. This would bring back just about everything and allow us to trade as does the rest of the world...the only exception I think think of would be that they may still limit the leverage to 50:1. Not that big a deal in my opinion
In my opinion leverage is one of the most important part of fx industry . Bigger leverage means less money required to open trades , more margin movement . Just know how to use it properly .
  • #4
  • Nov 9, 2016 3:55pm Nov 9, 2016 3:55pm
Quoting asking
{quote} In my opinion leverage is one of the most important part of fx industry . Bigger leverage means less money required to open trades , more margin movement . Just know how to use it properly .
Just remember that leverage bites both ways .   You win big but you also lose just as big.   IMHO I think it's better to have more "skin in the game"  because you think twice before just casually entering trades . 
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  • #5
  • Nov 10, 2016 5:56am Nov 10, 2016 5:56am
Quoting DonPato
{quote} Just remember that leverage bites both ways . Â You win big but you also lose just as big. Â IMHO I think it's better to have more "skin in the game" Â because you think twice before just casually entering trades .Â
No it's not , leverage bites you if you overtrade example open eur/usd only can hold 100 pips drawndown . and thats not even leverage that bites you its money management . Leverage even help, while you can have 100 drawndown , lower leverage closed your position on half or even 1/4 drawndown on this scenario
  • #6
  • Nov 10, 2016 8:45pm Nov 10, 2016 8:45pm
Quoting asking
{quote} In my opinion leverage is one of the most important part of fx industry . Bigger leverage means less money required to open trades , more margin movement . Just know how to use it properly .
Don't give a hoot about leverage, just get rid of the idiotoc FIFO rule.
  • #7
  • Nov 11, 2016 7:24am Nov 11, 2016 7:24am
Quoting thorn
{quote} Don't give a hoot about leverage, just get rid of the idiotoc FIFO rule.
Concur on that. And HEDGE!! Sucks to have accounts based on the time frame because you cannot sell on Daily and buy on 15M with the same account. Stupid.
You cannot be extraordinary by being normal
  • #8
  • Nov 11, 2016 9:15am Nov 11, 2016 9:15am
Quoting thorn
{quote} Don't give a hoot about leverage, just get rid of the idiotoc FIFO rule.
As far as i know FIFO rule only applies to USA based broker. Outside US , broker doesn't do FIFO.
  • #9
  • Nov 22, 2016 3:56pm Nov 22, 2016 3:56pm
Quoting mrjinks
I really hope that now, with Mr. Trump, the US FX industry would have some breath of fresh air as he promised to revitalize it... Wish him good luck and wish good luck to all the traders here in FF forum... Green pips to all, MrJinks.
The guy is one charismatic figure, and he has done well with his business. Just maybe FX might see some ups!
  • #10
  • Feb 10, 2017 6:58am Feb 10, 2017 6:58am
Has anyone heard any new news as far as getting rid of FIFO and no hedging since Trump has been in office? Where we at with this?
  • #11
  • Feb 10, 2017 10:40am Feb 10, 2017 10:40am
Quoting mrjinks
I really hope that now, with Mr. Trump, the US FX industry would have some breath of fresh air as he promised to revitalize it... Wish him good luck and wish good luck to all the traders here in FF forum... Green pips to all, MrJinks.

Well probably I missed it but what was his pledge on FX? Any links where I can read it?
  • #12
  • Feb 10, 2017 6:53pm Feb 10, 2017 6:53pm
@DonPato Assuming the return of Glass–Steagall, question would be whether foreign brokers will now open personal accounts for US residents.
  • #13
  • Feb 10, 2017 7:07pm Feb 10, 2017 7:07pm
Quoting TripTrap
Has anyone heard any new news as far as getting rid of FIFO and no hedging since Trump has been in office? Where we at with this?
And increasing max allowed leverage. It just seems really WRONG that they can make rules that are basically intended to "protect traders from themselves". I mean if you want to over-leverage, and maybe crash your account in the process, what right do they have to tell you you can't do that?
  • #14
  • Feb 10, 2017 7:10pm Feb 10, 2017 7:10pm
Quoting leebsurag
{quote} Well probably I missed it but what was his pledge on FX? Any links where I can read it?
I think Trump will be good for the business, but I don't have any concrete evidence yet. But I will say this: I'll continue to support him even if he does something I don't like in regards to Forex. Because overall I think he's gonna be really good for the country and the world, and seeing as how for the first time in my life I voted for a Republican for president, I'm not about to now be so self-centered that I abandon him over one or two issues.
  • #15
  • Last Post: Feb 15, 2017 6:25am Feb 15, 2017 6:25am
Quoting Ratmach
{quote} I think Trump will be good for the business, but I don't have any concrete evidence yet. But I will say this: I'll continue to support him even if he does something I don't like in regards to Forex. Because overall I think he's gonna be really good for the country and the world, and seeing as how for the first time in my life I voted for a Republican for president, I'm not about to now be so self-centered that I abandon him over one or two issues.
One thing I have noticed so far in the guy is the fact that he is a very direct person and hope that will be a good person.
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