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Is forex gambling?

Chikot
Mar 20 2014 at 16:48
2299 posts
What's so bad about 50:1 leverage?
It is huge. Can destroy account in no time.

uote]lastpiponearth posted:
I can really feel the pain of fx trading in the US. So hard to get around that 50:1 leverage.

ForexAssistant (ForexAssistant)
Mar 20 2014 at 18:13
465 posts
No, the US government is a working Americans worst nightmare, but like any obstacle, it can be over come with patience. And an off shore IBC.😄

Bob

where research touches lives.
lastpiponearth
Mar 21 2014 at 01:08
37 posts
It's on a case to case basis. There are traders who are successful trading with higher leverage and there are traders who are successful trading with lower leverage. Besides that low leverage, many retail brokers were forced to move overseas and shun US based retail traders because of the leverage restriction.

It lessens the available brokers at the same time lessens the competition of brokers. Overseas traders are able to take advantage of the stiff competition among brokers while US traders can't.

Chikot posted:
What's so bad about 50:1 leverage?
It is huge. Can destroy account in no time.

uote]lastpiponearth posted:
I can really feel the pain of fx trading in the US. So hard to get around that 50:1 leverage.

ForexAssistant (ForexAssistant)
Mar 21 2014 at 04:45
465 posts
Lastpip. are you using a US broker or off shore?

Bob

where research touches lives.
lastpiponearth
Mar 21 2014 at 08:38
37 posts
off shore. There's more brokers to choose from and it's easy to transfer if one finds out this broker is not playing fair... with US brokers the choice is severely limited. Those facts besides the low leverage and the hedging restriction.

ForexAssistant (ForexAssistant)
Mar 21 2014 at 09:09
465 posts
You are residing outside the US then? Or are you US and know a trick that I need to learn?

Bob

where research touches lives.
lastpiponearth
Mar 21 2014 at 11:32
37 posts
ForexAssistant posted:
You are residing outside the US then? Or are you US and know a trick that I need to learn?

Bob


Outside the US. Hmm... based on what you said earlier maybe you can open shell corporations domiciled outside US borders for your account.

https://www.offshorebvi.com/bvi-shelf-companies.php/?c=s

ForexAssistant (ForexAssistant)
Mar 21 2014 at 18:00
465 posts
Master_Kiwa, without showing the size of each trade and the profit/loss, there isn't much that anyone can do to analyze your system or offer suggestions. In short, limited information is meaningless to us and therefore worthless to you.

Lastpip, yes, I had one in Belize but I think if it is important to get my financial assets off shore to safety, it make even more sense to get me and my wife off shore to safety first. So move over, your getting company.

Bob

where research touches lives.
forexpipcatcha
Mar 21 2014 at 19:32
325 posts
Bob is right Kiwa when you hide info like the lot size it implies your system is using martingale or something that's meaningless and hence interest went to zero in a flash.

Bob as a US resident aren't you allowed to open up accounts abroad? Or is the US turning into another India lol

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