The Future of Forex?

Puzzle pieces keep falling into places......

FXCM US, one of the leading US brokers in regard to trading volume, gets banned from the US by NFA/CTFC....... the shares are dropping.... Leucadia is getting nervous.

Regulators globally start to act on the fact that forex brokers acting as market makers harm retail traders, because they have an incentive to trade against the customers and as history shows, they do it with every imaginable dirty trick.

BAFIN in Germany will implement a new rule that negative balances of retail customers are no longer allowed.
http://www.leaprate.com/2016/12/germ...r-cfd-trading/

Turkey restricts retail leveraged forex trading to clients with 50K deposit, cuts leverage to max 10:1

https://smnweekly.com/2017/02/10/tur...ge-to-max-501/

Who's next in Europe?

http://financefeeds.com/fxcm-ramps-w...es-litigation/

I shed no tears.... they have been all actively involved in fleezing retail forex customers over years and none of them should tell me she/he didn't know what is going on. Take this as a chance an stop working for the forex industry.

Hey guys, what a coincidence, that I decided to check FF after a few years and this thread was last active yesterday.

Well, I did leave forex for good after my "luck" ended (I was doing very good for a few months, but for whatever reason, it all ended soon after that).

I was in a dead end job on a minimal wage until 2013, when I decided to quit (on my birthday, heh) and I start making mobile apps.

Fast forward to today - I've earned well over €700K (after taxes) in 4 years, and got interested in investing again (but not forex).

I was always more of a stock guy, but since the market is in such a bull run for so long, I decided to invest some of my earnings to crypto currencies.

I'm now holding Ethereum (ETH) and Stellar (XLM). I won't trade, I just have a hefty position in both and I'll keep them for the next 5 to 10 years.

Anyway, interesting to see, what Turkey did and what happened to FXCM.

This is a cruel business and honestly, I never met anyone in my life, who was successful on the long run by actively trading (multiple trades per day). Back in the day, during my very successful months, I even got to know some of the top dogs in the largest banks in our country. Surprisingly (or not?) they weren't making money with active trading - they were making money by holding big and long-term positions in currencies like GBP and CHF. The day trading was for (more or less) playing only. And in banks, "playing only" means to have a daily limit of 50K in losses. So if they blew 50.000 EUR, they stopped trading and if they didn't, they played some more.

I'm off to read some of the old threads and to revive some memories... Good old days.