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10 to 1 leverage suggestion by the CFTC - a death to the US forex market?
forex_trader_7
Členem od Aug 01, 2009
895 příspěvků
Feb 17, 2010 at 12:46
Guilty....
forex_trader_7780
Členem od Feb 25, 2010
14 příspěvků
Feb 25, 2010 at 12:55
michigansurveys posted:
Everyone thinks that they get thousands of emails every day. Did you send one? Do you know anyone that has? They cannot get those thousands of emails if you do not send them. However naive an idea it may be, they are supposed to catalog and post each one here http://www.cftc.gov/lawandregulation/federalregister/federalregistercomments/2010/10-001.html Right now I only count 69 comments. If you really think it is a bad idea, take two minutes and send an email. It won't cost you anything to send it, but not sending in your comments may cost you a great deal more down the road.
Thanks for posting that link.
I did check, and my comment is there - page 412 (of 538) of the comments posted on Jan 20th.
G'Jim c):{-
Členem od Aug 06, 2009
386 příspěvků
Feb 25, 2010 at 13:11
GJim posted:
Thanks for posting that link.
I did check, and my comment is there - page 412 (of 538) of the comments posted on Jan 20th.
G'Jim c):{-
you've really searched for you comment among the 5000'ish comments there? must have taken you a couple of hours.. 😱
interesting to see such a low number of mails they've received..i would expect at least 50,000 mails..maybe they haven't published them all? or might it be that most traders don't care if this rule goes through or not?
Sleep is for the weak.
Členem od Sep 04, 2009
849 příspěvků
Feb 25, 2010 at 13:23
I guess a lot of affected USA traders left already after the 100:1 leverage downgrade by NFA. So only the desperate rest of the gang wrote them. Adios America!
BTW Even not be punished by the new rules, I'm a free😝 European citizen, I wrote them twice and they published it as well
BTW Even not be punished by the new rules, I'm a free😝 European citizen, I wrote them twice and they published it as well
forex_trader_7780
Členem od Feb 25, 2010
14 příspěvků
Feb 25, 2010 at 13:37
biz0101 posted:
GJim posted:
Thanks for posting that link.
I did check, and my comment is there - page 412 (of 538) of the comments posted on Jan 20th.
G'Jim c):{-
you've really searched for you comment among the 5000'ish comments there? must have taken you a couple of hours.. 😱
interesting to see such a low number of mails they've received..i would expect at least 50,000 mails..maybe they haven't published them all? or might it be that most traders don't care if this rule goes through or not?
Didn't take very long at all. I knew which day that I sent my comment; just opened the document for that day and then did a search for my name.
BTW, not that it will probably do any good, but I'm going to send the same comment to my two senators and our lone congresswoman - not that I have any respect for any of the three, but just as one more 'dog in the fight'.
G'Jim c):{-
Členem od Oct 28, 2009
72 příspěvků
Feb 25, 2010 at 14:55
It looks that some brokers saw the writ on the wall. FXDD is moving their European clients accounts to FXDD Malta...
They started to prepare for it in December 2009.
They started to prepare for it in December 2009.
Členem od Feb 16, 2010
83 příspěvků
Mar 08, 2010 at 21:32
FXDD emailed me about that last week. Malta is a secure jurisdiction to be registered in. Their MFSA is based on the UK FSA model.
Time is more valuable than money. You can get more money, but you cannot get more time.
Členem od Oct 28, 2009
72 příspěvků
Mar 08, 2010 at 22:05
Let's hope that they will be as reliable as FXDD New York...
Členem od Feb 16, 2010
83 příspěvků
Mar 08, 2010 at 22:11
If they carry on like FXDD New York IMO they'll be closed pretty soon by the MFSA. Even though I had an account with them which has now been moved to Malta I don't rate them highly but I can now be on their doorstep within 30 minutes most of the year. And the MFSA's complaint desk even quicker!
Time is more valuable than money. You can get more money, but you cannot get more time.
forex_trader_7
Členem od Aug 01, 2009
895 příspěvků
Mar 08, 2010 at 23:19
Guys the CFTC ruling will apply to liquidity providers, of which at least half is US. There no hiding in Europe or elsewhere.The CFTCF does this we're all going to be affected.
forex_trader_7780
Členem od Feb 25, 2010
14 příspěvků
Mar 09, 2010 at 01:22
WhyLose posted:
If they carry on like FXDD New York IMO they'll be closed pretty soon by the MFSA. Even though I had an account with them which has now been moved to Malta I don't rate them highly but I can now be on their doorstep within 30 minutes most of the year. And the MFSA's complaint desk even quicker!
Lion AM
I'm curious as to why you don't rate FXDD highly and use the term 'carry on'.
I have been with FXDD for several years and haven't had any serious issues with them. Please expound.
G'Jim c):{-
Členem od Feb 16, 2010
83 příspěvků
Mar 24, 2010 at 07:14
(Upravené Mar 24, 2010 at 07:15)
Biggest complaint is stop hunting http://goo.gl/GUdc My account is still open with them but I don't use it much.
Many cash FX firms are on the other side of your trade, and with that model, seek to profit dollar for dollar from your losses, just like a casino. In fairness, they're all much of a muchness. I could name others and ones that I regard highly but we're already off topic and for that, I apologise.
Many cash FX firms are on the other side of your trade, and with that model, seek to profit dollar for dollar from your losses, just like a casino. In fairness, they're all much of a muchness. I could name others and ones that I regard highly but we're already off topic and for that, I apologise.
Time is more valuable than money. You can get more money, but you cannot get more time.
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