New NFA Regulation!
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Thread: New NFA Regulation!

  1. #1
    November 29th more than leverage of 100:1 what a crock! Granted it is generally account suicide if you use that leverage and also the trade goes against you but it shouldn't be their decision on how we risk our money.

    OMFG!!! That's just ridiculous and so is all the other newly enforced regulations FIFO, No Hedging

    GRRRRR!

  2. #2
    I believe lots of folks have determined leaving USA brokers and moving out. I know NFA have done this to make certain there are risk measure set up because a lot of brokers out there wished to go against trader which is not fair. Now brokers and traders are equal and its brokers duty to be certain traders are happy for longetivity in business.

    Fair drama.

    Who on the planet wishes to exchange with 400:1. Very risky indeed.

  3. #3
    Quote Originally Posted by ;
    Who on earth wants to exchange with 400:1. Very risky really.
    I exchange with 400:1 constantly and do quite well with it. Your difficulty is that you can't figure out the difference between leverage and risk.


    So far as the NFA is worried it is in factn't a major thing. I just moved my accounts overseas and continue to do exactly what I like to do. You have to anticipate a high number of new regs after the fiscal crisis. As a trader you just need to adapt, your only other option is to give up and go do something else.

  4. #4
    Quote Originally Posted by ;
    ....Your problem is that you cannot work out the difference between leverage and risk....
    I concur. I believe a lot of traders missed that mathematics lesson.

    dave

  5. #5
    Quote Originally Posted by ;
    As a trader you just need to accommodate, your only other choice would be to give up and go do something different.
    Lots o' little gems from the Freak.

  6. #6
    Quote Originally Posted by ;
    I believe lots of people have decided on departing USA brokers and moving out. I know NFA have done this to make sure that there are risk measure in place because a lot of brokers out there wished to go against trader that's not fair. Now brokers and traders are equivalent and its brokers obligation to be sure traders are very happy for longetivity in company.

    Fair play.

    Who on the planet wishes to exchange with 400:1. Very risky really.
    Haven't been trading long, have you ever??

  7. #7
    Curious that oversees brokers that you have looked at.

    Greatest,

    Quote Originally Posted by ;
    I exchange with 400:1 constantly and do quite well with it. Your problem is that you can't figure out the difference between leverage and risk.


    So far as the NFA is concerned it really isn't a big deal. I simply moved my accounts abroad and continue to do what I like to perform. You need to expect a high number of new regs following the fiscal crisis. As a trader you only have to accommodate, your only other choice is to give up and go do something different.

  8. #8
    Another facet of this whole reduction in leverage is that us faders... have different margins. . Simpler to vanish at 400:1 compared to 50 or 100:1 using exactly the identical leverage due to requirements.

  9. #9
    Quote Originally Posted by ;
    Curious which oversees brokers which you've looked at.
    Magnumfreak utilizes Dukascopy and FXSolutions UK. The great alternative with Dukascopy is they allow you to trade with a bank guarantee. You no not need to deposit funds with them when that is in place. Ultimate security.

  10. #10
    HELLO!!!
    I'm new at forum

    Men today the leverage will be 400:1???? Goodness I'm with Swiss acm, FINMA regulatd. Totally agree with you, one lousy transaction and you're out. I think is going to lead traders to Search for non US based brokers

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