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Pipperidge
Reasons why you should NOT trade cryptocurrencies
in
Crypto
Oct 10, 2018 at 13:37
On top of that: https://www.ccn.com/breaking-worlds-biggest-stock-exchange-operator-is-launching-a-bitcoin-market/https://finance.yahoo.com/news/yale-university-invested-two-cryptocurrency-122602108.htmlBitcoin and cryptos are here to stay. Where the prices will go - we'll have to wait and see. But the way I see it in the longterm - it will only go up.
ESMA and its implication
in
General
Sep 25, 2018 at 08:06
That's exactly correct. It was a joke.
ESMA and its implication
in
General
Sep 20, 2018 at 09:57
I am currently working on my 3rd million since the ESMA rules were enacted. P.S - It did't work out with the first two.
ESMA and its implication
in
General
Sep 04, 2018 at 07:25
We've discussed this already. It is of benefit for the big (MM/DD) brokers. Other than that - the traders and small STP brokers are getting shafted.
ESMA and its implication
in
General
Sep 03, 2018 at 11:27
Profit - 44.25% DD - 7.48%You call that well? It's more than well, IMHO.
ESMA and its implication
in
General
Aug 23, 2018 at 14:13
Or starting to trade cheap real stocks...
Reasons why you should NOT trade cryptocurrencies
in
Crypto
Aug 22, 2018 at 06:51
Those are either not located in the EU, or they are unregulated. I wouldn't trust an unregulated broker, or one regulated on some vacation island like Vanuatu, St Vincent and the Grenadines...
ESMA and its implication
in
General
Aug 20, 2018 at 07:33
So, driving the small traders to off-shore bucket shops is somehow protecting them? I don't get it.
ESMA and its implication
in
General
Aug 16, 2018 at 10:59
Kinda reminds me of Orwell's 1984 in the making. We'll regulate everything, including your thoughts. Personally, I'm not against having some kind of regulation... as long as it's properly set and does not leave obvious loopholes in place like the fact that the rules apply only to EU regulated brokers. Everything should be done in moderation. Anything brought to the extremes is potentially dangerous and harmful.
ESMA and its implication
in
General
Aug 16, 2018 at 09:49
The answer is in your own post! - "Now I have to either decrease my trading activity 20x times or leave the broker." ESMA is bad for small brokers and DMA/STP brokers. The Market Marker brokers are only going to benefit from the new rules. Let me try to explain why - with a lower leverage to trade the same volumes you must deposit more of your own cash. Then when you lose - the market maker makes more profits. With DMA/STP brokers - they make money only from the number of orders open an closed (i.e - commissions). Which when the small traders leave = less profit for the broker.
ESMA and its implication
in
General
Aug 13, 2018 at 08:21
@NotyaBusiness The way I see it - the ESMA regulation is made to only help the brokers. 1. More equity required to open a live trading account = fewer newbies.2. Fewer newbie traders = less customer support needed = less money paid for salaries. 3. Making other traders register as professional trades is good for the brokers because: - They (the brokers) are no longer obligated to provide negative balance protection. - The investor compensation funds do not apply for professional traders. - The broker is no longer obligated to provide best order execution conditions = more slippage.4. Lowerin...
ESMA and its implication
in
General
Jul 20, 2018 at 09:00
@togr I was wrong. Got mixed up with another Aussie broker that has an EU branch. IC Markets don't have one, thus they will not be obligated to register EU traders with the lower leverages. My bad. Some other brokers that have EU offices are obligated to register EU traders to them with the esma regulation which is not ideal to say the least.
ESMA and its implication
in
General
Jul 19, 2018 at 06:02
@togr wrong. If you're an European trader you'll have no choice but to register with their EU branch, which means that you will be affected. The difference is that they'll still provide higher leverage to their other markets/clients outside of the EU. At the moment, the way I see it - opening an account with a broker in Switzerland (they are not in the European Union) is perhaps the least painful option.Or fund your account. Which may not be a big issue for people who trade with lower leverages atm (x50-x100) but for ones with >x100 it's a good option. Especially, if you tra...
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