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ESMA and its implication

niceGLer
Sep 05 2018 at 14:24
169 posts
ovisun posted:
niceGLer posted:

I am currently experimenting with an account in similar conditions, true leverage being exactly 30. I wouldn't judge it as a failure right away. One should select the spots really carefully.. One problem arises, when it is time to increase lot size, and probaböy that is when the ESMA restriction hurts. Recommendation of trading in hgher time frames is BS -that is my opinion.

Please link your account here in myfxbook for us to see the evolution of such account.


Later, buddy, later... I don't have much capital so I have to try this way. I understand that there are much more viable and less stressful long term approaches, but they are not applicable for me.

I had a hunch this was.coming :)
estraub
Sep 05 2018 at 14:25
23 posts
Hold your horses!
It's possible to make a living with a small starting sum.
The only thing is that you can't rely on making a living right off the bat.
You just have to invest time. A lot of time.

emotionaltrader
Sep 05 2018 at 14:26
100 posts
Leverage makes a massive difference (See charts above)

Attachments:

emotionaltrader
Sep 06 2018 at 07:08
100 posts
Another example of trading with higher leverage!!!

Attachments:

emotionaltrader
Sep 06 2018 at 07:08
100 posts
emotionaltrader
Sep 06 2018 at 07:08
100 posts
This is with Leverage of 1:500 before the Leverage restrictions. Sorry can't find any other examples!

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emotionaltrader
Sep 10 2018 at 14:31
100 posts
I JUST WANT TO SAY A MASSIVE THANK YOU TO ESMA FOR ALL THE CONCERN THEY'VE SHOWN FOR MY FINANCIAL WELFARE!!!
niceGLer
Sep 11 2018 at 14:55
169 posts
You have a wrong approach, dude. You were not trading with high leverage, but you were discounting your salary, savings or whatever onto your trading. True leverage = trade size / account size. Now, if you want to continue with same style you should move on higher time frames. That is my conclusion of what I've been reading from your messages.
Scotty888
Sep 11 2018 at 14:57
12 posts
ESMA really is a kick in the balls. Another ill thought out piece of legislation that idiots think is a good thing but experts know is BS
emotionaltrader
Sep 12 2018 at 06:18
100 posts
emotionaltrader posted:
I JUST WANT TO SAY A MASSIVE THANK YOU TO ESMA FOR ALL THE CONCERN THEY'VE SHOWN FOR MY FINANCIAL WELFARE!!! …...Saved me a fortune in my electricity bill, more than I could earn under these stupid leverage restrictions anyway!!!
emotionaltrader
Sep 19 2018 at 20:01
100 posts
Anybody made their first million under the new leverage restrictions?
Pipperidge
Sep 20 2018 at 09:57
13 posts
emotionaltrader posted:
Anybody made their first million under the new leverage restrictions?
I am currently working on my 3rd million since the ESMA rules were enacted.

P.S - It did't work out with the first two.
jamesgwyther
Sep 20 2018 at 15:52
289 posts
Pipperidge posted:
emotionaltrader posted:
Anybody made their first million under the new leverage restrictions?
I am currently working on my 3rd million since the ESMA rules were enacted.

P.S - It did't work out with the first two.
haha
vontogr (togr)
Sep 23 2018 at 06:35
4862 posts
niceGLer posted:
emotionaltrader posted:

Cos you're talking £3 a day that's £24 per week that is IF AND A BIG IF all your trades go in your favour. That's hardly enough to make a living from.

You'd have to be winning 100% of the time!!!


Before you could start a small trading account with £100 and turn that into £400 @ 500:1 leverage within minutes, hours, within a day. At least at the end of the day you had the option whether to take profit or not.



I don't claim that it is possible to make living with a couple of hundred dollars or pounds. Maybe you had a different strategy than I. I am relying on compounding effect. Yes, the strategy used should have a high winrate.

so show us your results
Adribaasmet
Sep 23 2018 at 06:51
994 posts
Pipperidge posted:
emotionaltrader posted:
Anybody made their first million under the new leverage restrictions?
I am currently working on my 3rd million since the ESMA rules were enacted.

P.S - It did't work out with the first two.

Hello, what did you mean by 3rd million? Is that any name of trading indicator? Or anything else?
emotionaltrader
Sep 23 2018 at 06:58
100 posts
ESMA 3 Month Trial Period Time is Running Out - Time to make a decision!!!


Bring back the old leverages and include everyone not just the few!!!
emotionaltrader
Sep 25 2018 at 07:47
100 posts
Basically all ESMA and other regulatory bodies have done is stop people on lower incomes from trading the financial markets, in my opinion that is CLASS DISCRIMINATION & A BREACH OF EQUAL OPPORTUNITIES!!!


ONE RULE FOR THE RICH FEW AND ANOTHER FOR EVERYBODY ELSE!!! EVERYBODY ELSE!!!
blackRichie
Sep 25 2018 at 08:03
6 posts
Adribaasmet posted:
Pipperidge posted:
emotionaltrader posted:
Anybody made their first million under the new leverage restrictions?
I am currently working on my 3rd million since the ESMA rules were enacted.

P.S - It did't work out with the first two.

Hello, what did you mean by 3rd million? Is that any name of trading indicator? Or anything else?
I think he's being sarcastic
Pipperidge
Sep 25 2018 at 08:06
13 posts
blackRichie posted:
Adribaasmet posted:
Pipperidge posted:
emotionaltrader posted:
Anybody made their first million under the new leverage restrictions?
I am currently working on my 3rd million since the ESMA rules were enacted.

P.S - It did't work out with the first two.

Hello, what did you mean by 3rd million? Is that any name of trading indicator? Or anything else?
I think he's being sarcastic
That's exactly correct. It was a joke.
vontogr (togr)
Sep 25 2018 at 08:52
4862 posts
emotionaltrader posted:
ESMA 3 Month Trial Period Time is Running Out - Time to make a decision!!!


Bring back the old leverages and include everyone not just the few!!!

Nope.
Esma started 1st AUG for 3 months
So at least AUG, SEP, OCT ESMA will be with us.
https://www.esma.europa.eu/press-news/esma-news/esma-adopts-final-product-intervention-measures-cfds-and-binary-options
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