emotionaltrader
Membre depuis
99 messages
Aug 08 2018 at 07:08
I can't imagine many small traders those starting with less than £1000 have a hope of making a living from trading now. Quite right, probably better off putting your money in an ISA. That's what small traders have been restricted now - 10% annual returns if they're lucky, but not enough to make a living. I've been trading @25:1 for 2 weeks now and I'm barely breaking even. Hopefully in 3 months ESMA will have a change of heart and change it back, because this is only a trial. Furthermore, don't know how what effect Brexit will have!!!
NotyaBusiness
Membre depuis
19 messages
Aug 08 2018 at 07:09
ovisun posted:NotyaBusiness posted:togr posted:NotyaBusiness posted:
I don't mind the ESMA ruling. Yes it will require more funds to trade with to actually make money but knowing the fact that nearly 80% of Forex traders lose money - while brokers do make profit - ESMA did a favour for small time players. Big time players can still go with large risks but people with smaller accounts will not lose much with mistakes now. And mistakes are more frequent than getting things right.
People with small amount will suffer a they will have to move offshore to be able to trade.
Not necessarily. It depends what they are looking for. High risk/high return or low risk/low return? ESMA ruling is not taking away the opportunity to beat any banks' or ISA's saving offers, but it makes it safer. 80% of traders lose money. ESMA helps those people to lose less money.
Are you employed by ESMA to advertise their policy? You registered here on myfxbook only 16 hours ago !!!
lol very funny.
Yes I'm newly registered. I think this website has a lot of goods. That, however is irrelevant to my post.
The man who wants nothing is invincible.
togr
(togr)
Membre depuis
4862 messages
Aug 08 2018 at 07:14
ovisun posted:
With me ESMA achieved excellent results, I closed all my accounts with European brokers !!!
That would be very often outcome
Small players have no other choice than move to shady unregulated waters
- risking the whole deposit
- unregulated offshore brokers will of course pay less taxes than regulated EU ones...
togr
(togr)
Membre depuis
4862 messages
Aug 08 2018 at 07:16
NotyaBusiness posted:togr posted:NotyaBusiness posted:
I don't mind the ESMA ruling. Yes it will require more funds to trade with to actually make money but knowing the fact that nearly 80% of Forex traders lose money - while brokers do make profit - ESMA did a favour for small time players. Big time players can still go with large risks but people with smaller accounts will not lose much with mistakes now. And mistakes are more frequent than getting things right.
People with small amount will suffer a they will have to move offshore to be able to trade.
Not necessarily. It depends what they are looking for. High risk/high return or low risk/low return? ESMA ruling is not taking away the opportunity to beat any banks' or ISA's saving offers, but it makes it safer. 80% of traders lose money. ESMA helps those people to lose less money.
Low leverage is not preventing users from loses. It actually force them to close losing trades.
barbosul
Membre depuis
1 messages
Aug 08 2018 at 12:11
Esma are the tools of those who want the monopoly, surely you will find brokers who are honest and with the backbone that do not depend on the esma. We are for one demand-offer link. We are fighting for a free market that is not monopolized by any form of monopoly- imperialism.
emotionaltrader
Membre depuis
99 messages
Aug 09 2018 at 07:22
They think it's funny!!!
BluePanther
(BluePanther)
Membre depuis
1344 messages
Aug 09 2018 at 11:36
emotionaltrader posted:
I can't imagine many small traders those starting with less than £1000 have a hope of making a living from trading now. Quite right, probably better off putting your money in an ISA. That's what small traders have been restricted now - 10% annual returns if they're lucky, but not enough to make a living. I've been trading @25:1 for 2 weeks now and I'm barely breaking even. Hopefully in 3 months ESMA will have a change of heart and change it back, because this is only a trial. Furthermore, don't know how what effect Brexit will have!!!
Yep, surely the response from ALL small traders - including myself. 😞
'John The huge increase in margin requirements will significantly reduce the efficiency of market pricing and liquidity, and moreover negate the ability of investors to hedge their investment risks.
https://www.replytoesma.trading/
Absolutely correct.
BluePanther
(BluePanther)
Membre depuis
1344 messages
Aug 09 2018 at 12:19
togr posted:
So ESMA started to mess up the trading in Europe earlier than expected.
Got this email today. It is 29th MAY and the email says it will be applied since 28th May :)
Dear Client,
We would like to inform you about a new leverage limitation for EU clients which came into effect starting 28th of May, 2018. The leverage for all the clients from the European Union has been reduced to 1:50.
Please note that this restriction applies to both current clients and newly registered customers. We recommend to consider updated conditions when opening new trades.
All changes are made in accordance with the requirement of the European Securities and Markets Authority (ESMA)
Thank you.
Best Regards,
ForexMart Team
This type of notice is usually only served during a major event such as Brexit as a temporary risk reduction measure:
https://fxdailyreport.com/forex-brokers-adjust-leverage-high-impact-political-news/
Novar
(Novar)
Membre depuis
63 messages
Aug 10 2018 at 07:24
ESMA just a scam of banking lobby
they do not want that normal peapole can acces to the market where they win money with money of normal peapole puting fees on they accounts
so 500 000€ to acces of market at 500:1 if not go away and give me your money, I will give you 1% per year plus fees
nothing more
and you can go any where or any broker in the world, if you are european resident the same for you
Pay !!!
they do not want that normal peapole can acces to the market where they win money with money of normal peapole puting fees on they accounts
so 500 000€ to acces of market at 500:1 if not go away and give me your money, I will give you 1% per year plus fees
nothing more
and you can go any where or any broker in the world, if you are european resident the same for you
Pay !!!