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ESMA and its implication

ovisun
Aug 29 2018 at 09:56
427 posts
jamesgwyther posted:
emotionaltrader posted:
Majority of trading in the financial markets is now done by High Frequency Trading (HFT)/Algorithms. All these restrictions being placed on people is because of automation and changes in technology e.g. robotics. This is why incentives are being removed and it's all being done slowly and underhandedly.

Some of these big conglomerates are richer than nations and they are monopolising everything!!!


WHy the sad face?


Probably because it is hard to be happy after these stupid restrictions were forced upon us all small retail traders.

emotionaltrader
Aug 29 2018 at 10:40
99 posts
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!!!



emotionaltrader
Aug 29 2018 at 14:12
99 posts
Furthermore and some people might not agree with this but TRADING SHOULD BE TAXED!!!! Why shouldn't it be? Everybody else in society has to pay taxes and traders should have to do the same. Once a trader is earning so much then they should be taxed the same as everybody else according to the risk etc!!!

ESMA and other regulatory bodies could have gone down this route instead of penalising all small traders!!!

emotionaltrader
Aug 29 2018 at 14:14
99 posts
ESMA and other regulatory bodies around the world did not have to restrict leverage for small traders to protect them. They could have looked at other ways instead of destroying an enjoyable occupation.

1. They could have done things the other way around they could decrease leverage for those at the top thereby increasing stability in the financial markets and the economy at large.
2. They could have made it a necessary requirement that small retail traders are qualified e.g. Bring back the old Registered Representatives Qualification or introduce courses equivalent to that at Society of Technical Analysts : https://www.sta-uk.org/
3. They should tax traders once they are earning so much. Not talking about taxing investments!!!




emotionaltrader
Aug 29 2018 at 14:17
99 posts
ESMA and other regulatory bodies should bring back the old system of Leverage and introduce 20% tax or whatever on all WINNING trades. In my opinion this would create a much fairer system benefiting everybody!!!

victoriajensen
Aug 29 2018 at 17:03
1117 posts
Some FCA-regulated brokers, I think, have established branches in the Bahamas which don't have to follow the ESMA regulations about leverage. ActivTrades has done so, at least, from what I've heard.

jamesgwyther
Aug 30 2018 at 05:15
289 posts
ovisun posted:
jamesgwyther posted:
emotionaltrader posted:
Majority of trading in the financial markets is now done by High Frequency Trading (HFT)/Algorithms. All these restrictions being placed on people is because of automation and changes in technology e.g. robotics. This is why incentives are being removed and it's all being done slowly and underhandedly.

Some of these big conglomerates are richer than nations and they are monopolising everything!!!


WHy the sad face?


Probably because it is hard to be happy after these stupid restrictions were forced upon us all small retail traders.


Fair point.

jamesgwyther
Aug 30 2018 at 05:16
289 posts
victoriajensen posted:
Some FCA-regulated brokers, I think, have established branches in the Bahamas which don't have to follow the ESMA regulations about leverage. ActivTrades has done so, at least, from what I've heard.


That is interesting.

Novar (Novar)
Aug 30 2018 at 07:02
63 posts
emotionaltrader posted:
ESMA and other regulatory bodies should bring back the old system of Leverage and introduce 20% tax or whatever on all WINNING trades. In my opinion this would create a much fairer system benefiting everybody!!!


Looks like you are from the Trump team

taxes and sanctions it's the best that you dream

sorry but I prefeare spend money that I winn by my self that to give money for governement for politics be more rich and pay unecessary functionaires just to be reelected !!!

Vote for me it will change nothing for you but he will change a lot for me !!!

( I know a man who win 1 Million dollar per day, you know how ? just a cousin of past president)

emotionaltrader
Aug 30 2018 at 08:26
99 posts
If I was a small retail trader and I knew that I was capable of making £400 a day or more then I would rather pay TAX on my WINNINGS at a higher leverage than trade at these pathetic low leverages that have been introduced by ESMA and other regulators. Furthermore if your income doesn't meet the tax threshold for the year you can claim it back.

If you don't want to pay tax, you don't trade, simple as that.



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