ESMA and its implication
Sep 05, 2018 at 14:24
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 :)
Member Since Jul 23, 2018
100 posts
Sep 05, 2018 at 14:26
Leverage makes a massive difference (See charts above)
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Member Since Jul 23, 2018
100 posts
Sep 06, 2018 at 07:08
Another example of trading with higher leverage!!!
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Member Since Jul 23, 2018
100 posts
Sep 06, 2018 at 07:08
I was right!
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Member Since Jul 23, 2018
100 posts
Sep 06, 2018 at 07:08
This is with Leverage of 1:500 before the Leverage restrictions. Sorry can't find any other examples!
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Member Since Jul 23, 2018
100 posts
Sep 10, 2018 at 14:31
I JUST WANT TO SAY A MASSIVE THANK YOU TO ESMA FOR ALL THE CONCERN THEY'VE SHOWN FOR MY FINANCIAL WELFARE!!!
Sep 11, 2018 at 14:55
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.
Member Since Jul 23, 2018
100 posts
Sep 12, 2018 at 06:18
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!!!
Member Since Jul 23, 2018
100 posts
Sep 19, 2018 at 20:01
Anybody made their first million under the new leverage restrictions?
Member Since May 23, 2018
13 posts
Sep 20, 2018 at 09:57
emotionaltrader posted:I am currently working on my 3rd million since the ESMA rules were enacted.
Anybody made their first million under the new leverage restrictions?
P.S - It did't work out with the first two.
Member Since Aug 05, 2017
289 posts
Sep 20, 2018 at 15:52
Pipperidge posted:hahaemotionaltrader posted:I am currently working on my 3rd million since the ESMA rules were enacted.
Anybody made their first million under the new leverage restrictions?
P.S - It did't work out with the first two.
Member Since Feb 22, 2011
4862 posts
Sep 23, 2018 at 06:35
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
Member Since Aug 27, 2017
994 posts
Sep 23, 2018 at 06:51
Pipperidge posted:emotionaltrader posted:I am currently working on my 3rd million since the ESMA rules were enacted.
Anybody made their first million under the new leverage restrictions?
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?
Member Since Jul 23, 2018
100 posts
Sep 23, 2018 at 06:58
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!!!
Bring back the old leverages and include everyone not just the few!!!
Member Since Jul 23, 2018
100 posts
Sep 25, 2018 at 07:47
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!!!
ONE RULE FOR THE RICH FEW AND ANOTHER FOR EVERYBODY ELSE!!! EVERYBODY ELSE!!!
Member Since Sep 06, 2018
6 posts
Sep 25, 2018 at 08:03
Adribaasmet posted:I think he's being sarcasticPipperidge posted:emotionaltrader posted:I am currently working on my 3rd million since the ESMA rules were enacted.
Anybody made their first million under the new leverage restrictions?
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?
Member Since May 23, 2018
13 posts
Sep 25, 2018 at 08:06
blackRichie posted:That's exactly correct. It was a joke.Adribaasmet posted:I think he's being sarcasticPipperidge posted:emotionaltrader posted:I am currently working on my 3rd million since the ESMA rules were enacted.
Anybody made their first million under the new leverage restrictions?
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?
Member Since Feb 22, 2011
4862 posts
Sep 25, 2018 at 08:52
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
