To use chat, please login.
Back to contacts

ESMA and its implication

emotionaltrader
Aug 10 2018 at 09:36
99 posts
Strange how this decision by ESMA has coincided with Brexit and all the political and economic turmoil that could follow as a result.
Sterling below parity - 0.89

NZDUSD 0.62167/0.55 EURUSD Parity/ 0.89


Massive sell off going on over next few months. Possibility of Hard Brexit causing turmoil in financial markets. US to follow as Sterling, Euro, NZD, AUD recover if they recover!!!


Not looking good from my point of view!!!

emotionaltrader
Aug 10 2018 at 09:36
99 posts
Any Brits planning holidays abroad forget it... unless your rich!!!

emotionaltrader
Aug 10 2018 at 09:37
99 posts
I can see Euro/Sterling being revalued. With Euro being the stronger currency following Brexit.

emotionaltrader
Aug 10 2018 at 09:37
99 posts
Why are interest rates going up? Is it inflationary pressure or is it to save their currencies!!! My personal opinion for BOE increasing Interest Rate is not due to inflationary pressures but to save the currency, to stop it from collapsing!!! THIS IS MY OPINION!!!

emotionaltrader
Aug 10 2018 at 09:37
99 posts
Nobody more than me would like to be proved wrong regarding my currency predictions!!! Let's hope I'm wrong!!!

Tiffany (TiffanyK)
Aug 10 2018 at 10:27
427 posts
Novar posted:
Every day world is loosing more and more liberty !!!

We enter in the world dicture !!!

That's too dramatic, just cope with the change , you have choices, you can choose ASIC regulated broker for instance :)

Accept the loss as experience
NotyaBusiness
Aug 12 2018 at 05:29
19 posts
@emotionaltrader I understand why you are upset but ESMA protects the majority of people that which we must accept. Forcing brokers to make it clear and visible how many of their clients lose money is already a big help and the leverage limitation is a great protection as well because all those 'losers' may still lose money but lose much less.

Just work with it the best you can. This ESMA regulation is a market changer, you are a trader you are used to market change so deal with it and just do your best.

That's my opinion.

The man who wants nothing is invincible.
snoopy (Novar)
Aug 12 2018 at 05:30
63 posts
TiffanyK posted:
Novar posted:
Every day world is loosing more and more liberty !!!

We enter in the world dicture !!!

That's too dramatic, just cope with the change , you have choices, you can choose ASIC regulated broker for instance :)



They do not accept EU clients or they propose same leverage of ESMA now for EU residents !!

ovisun
Aug 12 2018 at 06:33
428 posts
@NotyaBusiness

If you are so much defending these new ESMA restrictions, please share with us one of your accounts where you successfully trade with the leverage of 1:30 ???

Matt (BluePanther)
Aug 12 2018 at 09:52
1354 posts
NotyaBusiness posted:
...the leverage limitation is a great protection as well because all those 'losers' may still lose money but lose much less.


The leverage limitation means more margin is required to hold positions, therefore more money will be lost as traders will require more margin (more deposit, greater balance, etc)

ESMA has this all wrong. Look at Japan: when cryptocurrency appeared many market participants jumped to crypto. ESMA's regulations will only push traders to look elsewhere, at unregulated and riskier markets.

Please login to comment .