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ESMA and its implication

Jun 22 2018 at 09:09
10 posts
I hadn't thought about it that way before. I was all in favour of a max limit of 1:50 but you are right it just means that people will put larger deposits in their account (which they will eventually lose)

FxMasterGuru (FxMasterGuru)
Jun 22 2018 at 10:44
1607 posts
In my opinion the majority of retail traders will move to 1:400 leverage Australian or off-shore brokers instead of increasing their margin 10x(!) and staying with their current EU-CRIPPLED brokers.

Partly, because it is much easier and partly because IF they had 10x more risk capital they would have ALREADY been trading with those funds.

Please click "Vouch" if you liked my post. If not, just put me on your Blocked list. :o)
vontogr (togr)
Jun 24 2018 at 07:01
4862 posts
Yes I am with this Australian broker
 and the conditions are the best.

Jun 24 2018 at 07:04
75 posts
Today I mastered how to trade the news and ESMA and the likes are trying to stop me from trading by limiting the amount of leverage I can use. They want to stop me from making a living from something I enjoy. I have spent several years learning everything I can about TA. Why should small traders like myself who have spent years learning be penalised. It's unfair! Today I traded USDCAD and in seconds I had made over £200 from my £100. This is a Trillion $ market and my opinion they want to keep it in the hands of the few!!!

It's not so much about the profit it's about how I had it all set up, the technical analysis etc!!! I didn't trade it perfectly but it's early days!!!

…..and I'm a manual trader, I'm not using robots or algorithms etc!!!

Jun 24 2018 at 07:14
95 posts
I heard already from some broker, they are building an Australian branch.

But then, not the same safety for a retail client.
Makes it worse for them.

Jun 24 2018 at 07:15
75 posts
I might be wrong but this is the kind of practice regulatory bodies should be looking into. I'm no Elliott Wave expert, but I thought this was a, b, c and then USD would go up and take out 15 minute parabolic. Not only that it's supported by the 50 smooth ma on 15, 30 and 1hr charts and yet it spiked down. Seen this done so many times when price has done the exact opposite despite the support of technical indicators!!!

Somebody tell me I'm wrong.....

Jun 25 2018 at 11:55
15 posts
If technical indicators were right every time then we would all make money from Forex. I guess in the case above the fundamental was not behind the move

vontogr (togr)
Jun 26 2018 at 06:33
4862 posts
MyNewBank posted:
If technical indicators were right every time then we would all make money from Forex. I guess in the case above the fundamental was not behind the move

TA do work, @NottsBlade you should learn hot to use them

Jun 26 2018 at 08:51
75 posts
Wouldn't surprise me if brokers have algorithms set up to trade against their clients (Stop Loss Hunters). Stop smaller clients out first cos their the easiest to stop out cos they have lower equity. See using robots against humans already!!!

That's why I don't use a stop loss, once my £100 has gone that's it!!!

Jun 26 2018 at 10:31
8 posts
I doubt that will take long! Something like 98% of traders lose their first deposit

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