ESMA and other regulators say they introduced these leverage restrictions to protect small retail traders. Well, they could have done things a whole lot differently. Small traders are more likely to lose money from volatility in the market especially during news releases, this is when prices spike either up or down and then there are what have come to be known as flash crashes. All these movements in price happen in nano seconds before small retail traders have the chance to react and it's all because of High Frequency Traders, Algorithms and big market players.
Lowering leverages for the big market players and increasing leverage for small retail traders increases STABILITY, not only in the financial markets but for business too. If not then they should restore things to how they were and smaller retail traders should not be penalised.
Furthermore it can no longer be called a market because in a market all participants are treated the same and no longer can it be called a FREE MARKET because it is monopolised by the few. Basically this is CAPITALISM with a twist and the twist is that it's more like COMMMUNISM in the old SOVIET UNION where only the very few are allowed to benefit, in other words it's CORRUPT & HYPOCRISY!!!
You know exactly what I'm trying to say.
ESMA and other regulators are not protecting small retail traders, they are restricting us. Small retail traders will make mistakes because we're human, but hopefully we learn from those mistakes.
I've been stuck in the same trade now for one month, how anybody can call that trading is beyond me. That's not trading!!! Before I could be in and out of several, a dozen trades in a day - that's trading!!!
This is equivalent to watching paint dry!!!