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ESMA and its implication

niceGLer
Sep 05 2018 at 14:24
168 příspěvků
ovisun posted:
niceGLer posted:

I am currently experimenting with an account in similar conditions, true leverage being exactly 30. I wouldn't judge it as a failure right away. One should select the spots really carefully.. One problem arises, when it is time to increase lot size, and probaböy that is when the ESMA restriction hurts. Recommendation of trading in hgher time frames is BS -that is my opinion.


Please link your account here in myfxbook for us to see the evolution of such account.



Later, buddy, later... I don't have much capital so I have to try this way. I understand that there are much more viable and less stressful long term approaches, but they are not applicable for me.

I had a hunch this was.coming :)

estraub
Sep 05 2018 at 14:25
23 příspěvků
Hold your horses!
It's possible to make a living with a small starting sum.
The only thing is that you can't rely on making a living right off the bat.
You just have to invest time. A lot of time.


emotionaltrader
Sep 05 2018 at 14:26
99 příspěvků
Leverage makes a massive difference (See charts above)

Přílohy :


emotionaltrader
Sep 06 2018 at 07:08
99 příspěvků
Another example of trading with higher leverage!!!

Přílohy :


emotionaltrader
Sep 06 2018 at 07:08
99 příspěvků
This is with Leverage of 1:500 before the Leverage restrictions. Sorry can't find any other examples!

Přílohy :


emotionaltrader
Sep 10 2018 at 14:31
99 příspěvků
I JUST WANT TO SAY A MASSIVE THANK YOU TO ESMA FOR ALL THE CONCERN THEY'VE SHOWN FOR MY FINANCIAL WELFARE!!!

niceGLer
Sep 11 2018 at 14:55
168 příspěvků
You have a wrong approach, dude. You were not trading with high leverage, but you were discounting your salary, savings or whatever onto your trading. True leverage = trade size / account size. Now, if you want to continue with same style you should move on higher time frames. That is my conclusion of what I've been reading from your messages.

Scotty888
Sep 11 2018 at 14:57
12 příspěvků
ESMA really is a kick in the balls. Another ill thought out piece of legislation that idiots think is a good thing but experts know is BS

emotionaltrader
Sep 12 2018 at 06:18
99 příspěvků
emotionaltrader posted:
I JUST WANT TO SAY A MASSIVE THANK YOU TO ESMA FOR ALL THE CONCERN THEY'VE SHOWN FOR MY FINANCIAL WELFARE!!! …...Saved me a fortune in my electricity bill, more than I could earn under these stupid leverage restrictions anyway!!!

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