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Massive retail FX revival in America

  • #1
  • First Post: Edited 12:41pm Feb 23, 2017 12:27pm | Edited 12:41pm
Massive retail FX revival in America on the way as Donald Trumps transition team begins abolishing the Dodd-Frank Act.


Will this mean 1:400 is coming back?
FIFO no more?
Hedging etc?
Pipology 101 student
  • #2
  • Feb 23, 2017 1:42pm Feb 23, 2017 1:42pm
No one cares about FIFO, hedging, etc except for us. They have no incentive to bring it back.
  • #3
  • Feb 23, 2017 1:52pm Feb 23, 2017 1:52pm
Quoting FlyingTurtle
No one cares about FIFO, hedging, etc except for us. They have no incentive to bring it back.
What about up the leverage to at least 1:100 for seasoned traders?
Because fifo and hedge can be handled with 2nd account.
Pipology 101 student
  • #4
  • Feb 23, 2017 3:04pm Feb 23, 2017 3:04pm
Quoting pipology-101
{quote} What about up the leverage to at least 1:100 for seasoned traders? Because fifo and hedge can be handled with 2nd account.
I'm just guessing, but my gut says they will increase leverage because it's natural to take on more risk in good times. I doubt they will bring back hedging because no one has it on their radar... no one cares enough.

Trump is so nationalist that I doubt he will allow US residents to open overseas accounts. Maybe, but it doesn't fit his nationalist persona. If you have a twitter account, ask him to focus on these things. Also, ask him to hassle Fritolay about putting more flavoring on their doritos
  • #5
  • Feb 23, 2017 7:11pm Feb 23, 2017 7:11pm
Quoting FlyingTurtle
{quote} I'm just guessing, but my gut says they will increase leverage because it's natural to take on more risk in good times. I doubt they will bring back hedging because no one has it on their radar... no one cares enough. Trump is so nationalist that I doubt he will allow US residents to open overseas accounts. Maybe, but it doesn't fit his nationalist persona. If you have a twitter account, ask him to focus on these things. Also, ask him to hassle Fritolay about putting more flavoring on their doritos
FlyingTurtle, it is not illegal for US citizens to open accounts overseas but most overseas brokers just don't want the hassle of complying with the US regulations.
  • #6
  • Last Post: Feb 23, 2017 7:26pm Feb 23, 2017 7:26pm
Quoting fido
{quote} FlyingTurtle, it is not illegal for US citizens to open accounts overseas but most overseas brokers just don't want the hassle of complying with the US regulations.
Thanks for clarifying. Yes, I do have an offshore account, but no longer use it because there is no advantage to it and lots of pains in the butt.

Mostly I was referencing 2010 when the FIFO thing happened, FXCM transferred everyone's account to UK. That worked for a while until the regulators made them repatriate the accounts back to the US. So, if Trump could change that one aspect, it would be great, but I doubt he will. Why would Trump help people move their funds offshore?
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