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ESMA and its implication

ovisun
Aug 29 2018 at 09:56
게시물438
jamesgwyther posted:
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?

Probably because it is hard to be happy after these stupid restrictions were forced upon us all small retail traders.
emotionaltrader
Aug 29 2018 at 10:40
게시물100
ESMA and other regulators say they introduced these leverage restrictions to protect small retail traders. Well, they could have done things a whole lot differently. Small traders are more likely to lose money from volatility in the market especially during news releases, this is when prices spike either up or down and then there are what have come to be known as flash crashes. All these movements in price happen in nano seconds before small retail traders have the chance to react and it's all because of High Frequency Traders, Algorithms and big market players.


Lowering leverages for the big market players and increasing leverage for small retail traders increases STABILITY, not only in the financial markets but for business too. If not then they should restore things to how they were and smaller retail traders should not be penalised.

Furthermore it can no longer be called a market because in a market all participants are treated the same and no longer can it be called a FREE MARKET because it is monopolised by the few. Basically this is CAPITALISM with a twist and the twist is that it's more like COMMMUNISM in the old SOVIET UNION where only the very few are allowed to benefit, in other words it's CORRUPT & HYPOCRISY!!!


You know exactly what I'm trying to say.

ESMA and other regulators are not protecting small retail traders, they are restricting us. Small retail traders will make mistakes because we're human, but hopefully we learn from those mistakes.


I've been stuck in the same trade now for one month, how anybody can call that trading is beyond me. That's not trading!!! Before I could be in and out of several, a dozen trades in a day - that's trading!!!


This is equivalent to watching paint dry!!!


emotionaltrader
Aug 29 2018 at 14:12
게시물100
Furthermore and some people might not agree with this but TRADING SHOULD BE TAXED!!!! Why shouldn't it be? Everybody else in society has to pay taxes and traders should have to do the same. Once a trader is earning so much then they should be taxed the same as everybody else according to the risk etc!!!

ESMA and other regulatory bodies could have gone down this route instead of penalising all small traders!!!
emotionaltrader
Aug 29 2018 at 14:14
게시물100
ESMA and other regulatory bodies around the world did not have to restrict leverage for small traders to protect them. They could have looked at other ways instead of destroying an enjoyable occupation.

1. They could have done things the other way around they could decrease leverage for those at the top thereby increasing stability in the financial markets and the economy at large.
2. They could have made it a necessary requirement that small retail traders are qualified e.g. Bring back the old Registered Representatives Qualification or introduce courses equivalent to that at Society of Technical Analysts : https://www.sta-uk.org/
3. They should tax traders once they are earning so much. Not talking about taxing investments!!!



emotionaltrader
Aug 29 2018 at 14:17
게시물100
ESMA and other regulatory bodies should bring back the old system of Leverage and introduce 20% tax or whatever on all WINNING trades. In my opinion this would create a much fairer system benefiting everybody!!!
victoriajensen
Aug 29 2018 at 17:03
게시물1117
Some FCA-regulated brokers, I think, have established branches in the Bahamas which don't have to follow the ESMA regulations about leverage. ActivTrades has done so, at least, from what I've heard.
jamesgwyther
Aug 30 2018 at 05:15
게시물289
ovisun posted:
jamesgwyther posted:
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?

Probably because it is hard to be happy after these stupid restrictions were forced upon us all small retail traders.

Fair point.
jamesgwyther
Aug 30 2018 at 05:16
게시물289
victoriajensen posted:
Some FCA-regulated brokers, I think, have established branches in the Bahamas which don't have to follow the ESMA regulations about leverage. ActivTrades has done so, at least, from what I've heard.

That is interesting.
snoopy (Novar)
Aug 30 2018 at 07:02
게시물63
emotionaltrader posted:
ESMA and other regulatory bodies should bring back the old system of Leverage and introduce 20% tax or whatever on all WINNING trades. In my opinion this would create a much fairer system benefiting everybody!!!

Looks like you are from the Trump team

taxes and sanctions it's the best that you dream

sorry but I prefeare spend money that I winn by my self that to give money for governement for politics be more rich and pay unecessary functionaires just to be reelected !!!

Vote for me it will change nothing for you but he will change a lot for me !!!

( I know a man who win 1 Million dollar per day, you know how ? just a cousin of past president)
emotionaltrader
Aug 30 2018 at 08:26
게시물100
If I was a small retail trader and I knew that I was capable of making £400 a day or more then I would rather pay TAX on my WINNINGS at a higher leverage than trade at these pathetic low leverages that have been introduced by ESMA and other regulators. Furthermore if your income doesn't meet the tax threshold for the year you can claim it back.

If you don't want to pay tax, you don't trade, simple as that.


emotionaltrader
Sep 02 2018 at 07:22
게시물100
DO NOT BE FOOLED BY THOSE OUT THERE PROMISING RICHES FROM TRADING!!!

Introduction of lower leverages by ESMA and other regulatory bodies means it's no longer possible for someone starting out with a small amount of capital to attain the dizzy heights that others have.

Think about it you now need £500,000 to be considered as a PROFESSIONAL TRADER and to have access to higher leverages, basically we have all been shut out of the market by the few.

The game has changed for the masses - it's no longer a FREE MARKET!!!
vontogr (togr)
Sep 03 2018 at 11:15
게시물4862
Let us stick to the topic!
So how did ESMA affect your trading?
I had for example move my stb account to different broker to keep it making profit
while Maxik account is doing well even on 1:30 leverage.
Pipperidge
Sep 03 2018 at 11:27
게시물13
togr posted:
Maxik account is doing well

Profit - 44.25% DD - 7.48%
You call that well? It's more than well, IMHO.
vontogr (togr)
Sep 03 2018 at 12:24
게시물4862
Pipperidge posted:
togr posted:
Maxik account is doing well

Profit - 44.25% DD - 7.48%
You call that well? It's more than well, IMHO.

so far so good
the con does not trade often so I need to trade for a year to get good base of trades
Voket EA (voketexpert)
Sep 04 2018 at 06:54
게시물25
togr posted:
Let us stick to the topic!
So how did ESMA affect your trading?
I had for example move my stb account to different broker to keep it making profit
while Maxik account is doing well even on 1:30 leverage.

I am a small investor who is happy with present regulation. Don't understand why ESMA wants to change it. Proposals for new rules are more confusing, unfair and will not benefit anyone.
Pips are absolute aphrodisiac, so trade with your brain not your lust. Forex will always be the same.
Pipperidge
Sep 04 2018 at 07:25
게시물13
voketexpert posted:
I am a small investor who is happy with present regulation. Don't understand why ESMA wants to change it. Proposals for new rules are more confusing, unfair and will not benefit anyone.
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.
niceGLer
Sep 04 2018 at 07:44
게시물169
Please explain me why it is no longer possible to make big $ out of a small trading account. If the leverage is around 1:30, and the true leverage is, say, 10 and the risk per trade is 5%, it takes a couple of years to gain $20´000. Let´s imagine that in the beginning the monthly gain is 20% and in the end it will be 10%, which allows a modest standard of living even in Europe. One should deposit a couple of hundred of bucks, and know what one is doing. Of course things take time.. ESMA is a nuisance, but I don't see it as such a big obstacle UNLESS somebody explains me exactly why. Is that so heavily dependent on strategy used?
niceGLer
Sep 04 2018 at 07:45
게시물169
I should have added something:
Maybe, just maybe, people have unrealistic expectations what is doable?
emotionaltrader
Sep 04 2018 at 11:03
게시물100
Anybody thinking they can open an account with £100 or a £1000 and think that they can make a living from FOREX under the new leverage restrictions is dreaming. Got more chance of making money just turning your computer off and saving money on electricity!!!


Said it before, it can no longer be considered as trading unless you're one of the few, unless you're a millionaire already!!! Probably better off just investing in some shares!!!
emotionaltrader
Sep 04 2018 at 11:21
게시물100
These leverage restrictions imposed by ESMA and other regulatory bodies - Japan & US are a breach of Equal Opportunities and Class Discrimination.


TRILLIONS OF $'S exchanges hands daily and basically these regulatory bodies are saying that there's not enough to go around, basically they want to keep it in the hands of the few. Furthermore, these leverage restrictions are upside down, it should be lower leverage restrictions for the big players e.g. High Frequency Traders, Hedge Funds, and Millionaires etc. The reason being it would provide STABILITY in the financial markets.


XTX Markets turns over billions each day - $150bn Daily volume across asset classes with just 97 employees. This is the way things are going in the real world with the rise of algorithms, HFT and automation. The livelihoods and wellbeing of people are being sacrificed for the sake of automation and to cut costs. Think about it, robots don't answer back, they don't need sick leave and they don't need holidays, but best of all they don't need paying.


Instead of moving forward the world is sleepwalking to disaster and if anything it's just a repeat of the Victorian Era where the few prospered and the masses ate cake!!!


That's where we're heading, might not be in my lifetime but that's where it's heading!!!


Forget about Daily Volumes it's just algorithms since they account for approx. 70% or more of the market!!!


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