So the rich few, the 1-10% get to dictate to everyone else what they can and can't do. They've made their millions and now they want to spoil it for everybody else. Same with further education, they got it free now this generation and future generations have to pay for it and get in debt in the process. Same with Brexit and Freedom of Movement the rich few in this country will not have to queue at Customs & Excise, they'll still be able to buy their chateaus and villas. What about those in this country who hoped to work in the EU or retire abroad? How is that fair? It's discrimination, it's unfair and it's unjust.
How many traders on here have a personal investment portfolio of £500,000? Not many, so what we have to give up our hopes, dreams and aspirations.
It's a massive ploy by the rich few and it's the masses who are going to suffer as a result. Thousands in the service sector and other industries face losing their jobs as a result of automation and who will benefit the rich few. Introducing automation, algorithms, robotics etc to cut costs. No robot going to answer back and ask for higher wages!!!
The truth hurts and maybe some don't want to accept it but it will happen and it's happening now!!!
Not giving up with this without a fight!!! I don't begrudge anybody making money, I don't begrudge those who are millionaires but what I do begrudge is when they take the rights and destroy the hopes, dreams and aspirations of not only this generation but future generations!!!
Member Since May 25, 2018 49 posts NottsBlade 1 minute ago 'WE BET RESPONSIBLY AT 365'
What makes those who gamble on sports events or attend casinos anymore responsible than us small retail traders on here? Trading the financial markets is a profession, Technical Analysis is a profession, there are professional qualifications in TA: https://www.sta-uk.org/education/cisi-accreditation/
Walk through any bookshop in London and you will find whole sections filled with thousands of books about trading the financial markets and books on Technical Analysis.
If trading is considered to be gambling then it is only because the markets have been turned into one huge casino, because things have been allowed to get out of control but small retail traders are not to blame and making small retail traders the scapegoats is not the answer.
No these trading restrictions are wrong and unfair!!! No justification whatsoever!!!
@NottsBlade: Interesting discussion. However I don't think the ESMA's decision is so unfair and unlogical. It is for me logical. There are brokers offering huge Leverage to small retail clients ( as you say) with no experience whatsoever, no proper risk management etc. , thus inclined to lose everything. This can limit those traders from trading at all. And with what the Forex market for retail clients is different than a casino ? Few are this who really know what they are doing ...
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