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ESMA and its implication

emotionaltrader
Aug 24 2018 at 06:10
posts 100
I'm a little wary about trading with an overseas broker, mainly because I'm worried about access to my money etc. Furthermore, I feel it will not be long before ASIIC Brokers fall into line with Europe & USA. US introduced leverage restrictions some years ago, Europe has followed and next should be Australia so enjoy it whilst you can.

These new restrictions imposed by ESMA are for a trial period of 3 months, but I don't believe that for a minute. I think there here to stay and say that because brokers have spent loads updating their websites, informing clients etc.


Happy Investing!!!

jamesgwyther
Aug 24 2018 at 06:11
posts 289
Pipperidge posted:
arcadio posted:
freaking ESMA is a killer for regulated European brokers. For now they are still ok because they converted some of their existing clients into Profesional clients. But as the leverage is only 1:10 on most instruments I dont think it will attract the newbies. I believe the future is Australian/offshore brokers.

Or starting to trade cheap real stocks...


DO you trade stocks?

vontogr (togr)
Aug 24 2018 at 06:13
posts 4862
arcadio posted:
freaking ESMA is a killer for regulated European brokers. For now they are still ok because they converted some of their existing clients into Profesional clients. But as the leverage is only 1:10 on most instruments I dont think it will attract the newbies. I believe the future is Australian/offshore brokers.


Yes ASIC brokers are winners
Another example of regulating something which works to make it not work.

jamesgwyther
Aug 25 2018 at 09:57
posts 289
Regulation is coming in more and more with forex and crypto

emotionaltrader
Aug 26 2018 at 06:43
posts 100
Look on the bright side at least you don't need multiple monitors anymore, you can get by on just one. | don't even need the set up above anymore. Like I said, it can no longer be called trading more like investing. Not even worth trading the news on these leverages!!!

ESMA have killed of trading for small retail traders like myself and any future I hoped to have making a daily living from trading. Hope they're proud!!!


Back to the old days when the financial markets were open just for THE RICH FEW!!!


Archivos adjuntos:


emotionaltrader
Aug 26 2018 at 06:44
posts 100
THE PARTY CONTINUES FOR THE RICH ELITE!!! For those who have £500,000 laying under the mattress doing nothing...… and they can still get leverage of 500:1!!! Whilst small retail traders like myself can't even trade the S&P 500 cos it's not worth our while. What makes it worse is that those very few RICH ELITE are the very ones who'll crash the market with HFT and specialised algorithms.

Who was responsible for prolonging the 2008 financial crisis - THE RICH ELITE!!! Why, cos instead of investing they withdrew their money and placed it in SAFE HAVENS or put it under their mattresses. They made a mountain out of a mole hill.

Next stop S&P 500 - 3400!!! REMEMBER: You heard it here first!!!

Archivos adjuntos:


emotionaltrader
Aug 26 2018 at 06:45
posts 100
https://www.bbc.co.uk/news/business-45288830 Will the US stock market boom continue? YES IT WILL!!! ….but then again I could just be over emotional!!!

vontogr (togr)
Aug 26 2018 at 10:14
posts 4862
There will always be offshore brokers offering 1:500+ leverage.
Though the risk trading with them is much higher.
On the other hand I have good personal experience with tradersway

emotionaltrader
Aug 26 2018 at 10:14
posts 100
I don't understand ESMA's reasoning. You would think that they would have done things the other way around. In other words they would have restricted leverage for the Rich Few and kept leverage as it stands for small retail traders. Think about it: You invest a million @ 1% Interest, you are still able to make an income from that million. Whereas small savers/investors putting their money away make virtually nothing. Furthermore it would ensure the rich few kept their funds invested in the financial markets longer instead of running away at the first sign of trouble!!!

No, this is WRONG and it favours the rich few!!! They get richer by the bucket full whilst the rest of us earn a pittance - feed on the scraps!!!


£500,000 to be a professional trader!!! How many on here have £500,000 tucked away? I've worked damned hard on my trading and technical analysis for several years and all that time has been wasted.


In my opinion if the UK does leave Europe which is looking very likely, they should take advantage and reintroduce the old leverages and you watch small retail traders in Europe start trading over here cos even Switzerland doesn't fill that gap. Just like small traders in Europe are looking to ASIIC regulated brokers!!!

HAPPY INVESTING!!!

emotionaltrader
Aug 26 2018 at 10:19
posts 100
togr posted:
There will always be offshore brokers offering 1:500+ leverage.
Though the risk trading with them is much higher.
On the other hand I have good personal experience with tradersway

Not trading offshore, find it hard enough trusting the FCA and our brokers yet alone foreign regulators and their brokers.

emotionaltrader
Aug 26 2018 at 11:24
posts 100
These new leverage restrictions being introduced by regulators all over the world USA, Japan and Europe since the Financial markets crashed in 2008 does not make sense. Firstly, it was not Joe Bloggs up the street who crashed the financial markets, secondly small retail traders do not have the funds to influence the behaviour in the financial markets.


Like I said in an earlier post it would make more sense to have leverage the other way around. The rich few trading at a lower leverage and small traders trading at a higher leverage as this would create STABILITY!!!


The rich few are allowed to get richer whilst the majority are restricted and then the Bank of England questions the impact of conglomerates like Amazon on innovation and risk taking. Without risk, without innovation we wouldn't be where we are now. Furthermore it makes sense to invest in future generations instead of overloading them with huge financial debt e.g. Student Loans. Invest in people and economies will see much greater reward, stifle innovation and risk and world economies will stop growing except of course for the few Elite!!!

vontogr (togr)
Aug 28 2018 at 08:57
posts 4862
emotionaltrader posted:
togr posted:
There will always be offshore brokers offering 1:500+ leverage.
Though the risk trading with them is much higher.
On the other hand I have good personal experience with tradersway

Not trading offshore, find it hard enough trusting the FCA and our brokers yet alone foreign regulators and their brokers.

Do it like me, diversify your investment a cross various brokers, system, pairs, platform. So any potential loss wontharm you too much.

vontogr (togr)
Aug 28 2018 at 08:57
posts 4862
I do not like low leverage, it is a limitation not a safe tool.
Though I have system that works with low leverage without single issue.

jamesgwyther
Aug 28 2018 at 12:06
posts 289
togr posted:
emotionaltrader posted:
togr posted:
There will always be offshore brokers offering 1:500+ leverage.
Though the risk trading with them is much higher.
On the other hand I have good personal experience with tradersway

Not trading offshore, find it hard enough trusting the FCA and our brokers yet alone foreign regulators and their brokers.

Do it like me, diversify your investment a cross various brokers, system, pairs, platform. So any potential loss wontharm you too much.


Which brokers do you use?
I like to do the same and have money in more than one.
I use JAFX and Hugosway currently.

Charles_F
Aug 29 2018 at 06:35
posts 38
togr posted:
I do not like low leverage, it is a limitation not a safe tool.
Though I have system that works with low leverage without single issue.



It's a pain indeed.

The bigger issue for EU traders using UK brokers is that in about 6 months the Brexit will become fact. And if you're using a broker located in the UK which has not opted in to open an office in a EU country - then you will be shown the door.

emotionaltrader
Aug 29 2018 at 06:58
posts 100
TRILLIONS of $'s exchanges hands in the financial markets daily and regulatory bodies in Japan, USA and in Europe are restricting entry to that market. How can these regulatory bodies justify restricting small retail traders from trading from having a share of that market and how can they justify keeping it in the hands of the few.

In 2008 following the financial markets collapse the world not only entered recession from which we are only starting to recover, but was also on the brink of depression. If these regulatory bodies are concerned about ECONOMIC STABILITY and STABILITY in the FINANCIAL MARKETS then restricting leverage for small retail traders is not the answer and they should be doing the opposite. Instead of restricting leverage for small retail traders they should be restricting leverage for the rich few and yet they have done the opposite. How can this make sense?


I honestly believe these regulatory bodies need to look again at their decisions and reverse them. Think about it somebody who is trading millions with higher leverage is more likely to withdraw their funds once they are in profit and it's these millions that move the markets.


ALL THESE REGULATORY BODIES HAVE MADE THE WRONG DECISION IN RESTRICTING LEVERAGE FOR SMALL RETAIL TRADERS!!!

PUNISHING SMALL RETAIL TRADERS IS NOT THE ANSWER!!!

emotionaltrader
Aug 29 2018 at 06:58
posts 100
It's not just in the financial markets that people are being hit, it's in education and it's also business startups on the internet. Financial regulators have restricted small traders by imposing lower leverages, Students have been restricted from entering further education by student loans instead of grants and now Google are restricting business start ups by making it more expensive to build a website.

It seems to me that everything is upside down. Instead of providing incentives to people they are withdrawing those incentives and making it harder for people to achieve their hopes and dreams. The likes of Amazon, Google and other conglomerates will go from strength to strength whilst the rest of us feed on bread crumbs.

emotionaltrader
Aug 29 2018 at 07:01
posts 100
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!!!

jamesgwyther
Aug 29 2018 at 08:51
posts 289
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?

emotionaltrader
Aug 29 2018 at 08:54
posts 100
Technology should be used to benefit mankind it should not be used against mankind. In other words technology shouldn't replace jobs that people are capable of doing themselves. Spending millions of $'s on technology to replace people and to save on costs is WRONG!!!


ESMA says it's protecting small retail traders when in fact all they have achieved is restrict our trading and keep it in the hands of the few. Furthermore they are endangering thousands if not millions of jobs by cosying up and siding with High Frequency Traders, algorithms and and the rich few!!!



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