Comments on: Goodbye US Forex industry http://forexmagnates.com/goodbye-us-forex-industry/ Forex Magnates is the home of the Forex Elite providing up to date industry news coverage, commentary and scoops Fri, 10 Feb 2012 11:44:58 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: George http://forexmagnates.com/goodbye-us-forex-industry/#comment-5129 George Mon, 18 Jan 2010 10:59:11 +0000 http://forexmagnates.com/?p=2909#comment-5129 One could always just increase the amount of positions on any given trade, to achieve higher exposure. Or is that too simple/complex a thing to ask? One could always just increase the amount of positions on any given trade, to achieve higher exposure.

Or is that too simple/complex a thing to ask?

]]> By: Jim Hunt http://forexmagnates.com/goodbye-us-forex-industry/#comment-5128 Jim Hunt Mon, 18 Jan 2010 08:05:47 +0000 http://forexmagnates.com/?p=2909#comment-5128 The powers that be in "the land of the free" seem to be taking the opportunity to screw the (allegedly!) 5% of forex traders who do make money, whilst supposedly protecting the 95% that don't from themselves. Maybe 500:1 leverage for noobs is a bit over the top, but I can't see anyone who knows what they're doing working with 10:1. Maybe brokers over here in Europe have friends in high places over in the US? More likely it's the same old story. The politicians keep passing laws. The rich keep getting richer. Everyone else doesn't. In the wake of the "credit crunch" the SEC, CFTC and regulators on this side of the Atlantic are working on a variety of ways to limit the activities of those nasty greedy bankers, including restrictions on high frequency trading as well as "greater transparency" in OTC derivatives. I'm sure retail forex will take some more hits as this process continues over the coming months. Jim The powers that be in “the land of the free” seem to be taking the opportunity to screw the (allegedly!) 5% of forex traders who do make money, whilst supposedly protecting the 95% that don’t from themselves. Maybe 500:1 leverage for noobs is a bit over the top, but I can’t see anyone who knows what they’re doing working with 10:1.

Maybe brokers over here in Europe have friends in high places over in the US? More likely it’s the same old story. The politicians keep passing laws. The rich keep getting richer. Everyone else doesn’t.

In the wake of the “credit crunch” the SEC, CFTC and regulators on this side of the Atlantic are working on a variety of ways to limit the activities of those nasty greedy bankers, including restrictions on high frequency trading as well as “greater transparency” in OTC derivatives. I’m sure retail forex will take some more hits as this process continues over the coming months.

Jim

]]> By: Bianka http://forexmagnates.com/goodbye-us-forex-industry/#comment-5127 Bianka Sun, 17 Jan 2010 17:51:22 +0000 http://forexmagnates.com/?p=2909#comment-5127 A portion of my brain equates forex trading to a card game.. knowledge and practice lets one play with the House!! Limiting leverage is thereby similar to being restricted to how much one may play with at Vegas or Monaco!!! The standing rule is that one plays with funds one can stand to loose (NOT cheated out of, just lost when anticipated [price] action doesn't work out). Perhaps greater emphasis on the common sense rule of only playing/trading with 'fun cash' is the more proper paternalistic approach needed. Otherwise, one can foresee being restricted also on amount of tobacco and alcohol one may purchase per year..... and we all know those industries would be as unhappy as Vegas and Monaco on a 'paternalistic budget.' My funds are limited...but want to reserve the right to amuse myself as I WISH.... ;-) Moi A portion of my brain equates forex trading to a card game.. knowledge and practice lets one play with the House!! Limiting leverage is thereby similar to being restricted to how much one may play with at Vegas or Monaco!!! The standing rule is that one plays with funds one can stand to loose (NOT cheated out of, just lost when anticipated [price] action doesn’t work out). Perhaps greater emphasis on the common sense rule of only playing/trading with ‘fun cash’ is the more proper paternalistic approach needed. Otherwise, one can foresee being restricted also on amount of tobacco and alcohol one may purchase per year….. and we all know those industries would be as unhappy as Vegas and Monaco on a ‘paternalistic budget.’ My funds are limited…but want to reserve the right to amuse myself as I WISH…. ;-)
Moi

]]> By: ForexTreeGuy http://forexmagnates.com/goodbye-us-forex-industry/#comment-5126 ForexTreeGuy Fri, 15 Jan 2010 19:41:13 +0000 http://forexmagnates.com/?p=2909#comment-5126 That could be a game changer for all American brokers. I would consider moving my account overseas myself That could be a game changer for all American brokers. I would consider moving my account overseas myself

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