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10 to 1 leverage suggestion by the CFTC - a death to the US forex market?
forex_trader_7780
Anggota Sejak Feb 25, 2010
14 pos
Feb 25, 2010 at 12:55
Anggota Sejak Feb 25, 2010
14 pos
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 https://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):{-
Feb 25, 2010 at 13:11
Anggota Sejak Aug 06, 2009
397 pos
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.
Anggota Sejak Sep 04, 2009
879 pos
Feb 25, 2010 at 13:23
Anggota Sejak Sep 04, 2009
879 pos
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
Anggota Sejak Feb 25, 2010
14 pos
Feb 25, 2010 at 13:37
Anggota Sejak Feb 25, 2010
14 pos
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):{-
Anggota Sejak Oct 28, 2009
78 pos
Anggota Sejak Oct 28, 2009
78 pos
Mar 08, 2010 at 22:11
Anggota Sejak Feb 16, 2010
102 pos
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_7780
Anggota Sejak Feb 25, 2010
14 pos
Mar 09, 2010 at 01:22
Anggota Sejak Feb 25, 2010
14 pos
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):{-
Mar 24, 2010 at 07:14
(diedit Mar 24, 2010 at 07:15)
Anggota Sejak Feb 16, 2010
102 pos
Biggest complaint is stop hunting https://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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