ESMA and its implication

emotionaltrader posted:
I JUST WANT TO SAY A MASSIVE THANK YOU TO ESMA FOR ALL THE CONCERN THEY'VE SHOWN FOR MY FINANCIAL WELFARE!!! …...Saved me a fortune in my electricity bill, more than I could earn under these stupid leverage restrictions anyway!!!

emotionaltrader posted:
Anybody made their first million under the new leverage restrictions?

niceGLer posted:

emotionaltrader posted:

Cos you're talking £3 a day that's £24 per week that is IF AND A BIG IF all your trades go in your favour. That's hardly enough to make a living from.

You'd have to be winning 100% of the time!!!


Before you could start a small trading account with £100 and turn that into £400 @ 500:1 leverage within minutes, hours, within a day. At least at the end of the day you had the option whether to take profit or not.

I don't claim that it is possible to make living with a couple of hundred dollars or pounds. Maybe you had a different strategy than I. I am relying on compounding effect. Yes, the strategy used should have a high winrate.

Pipperidge posted:

emotionaltrader posted:
Anybody made their first million under the new leverage restrictions?

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.

Adribaasmet posted:

Pipperidge posted:

emotionaltrader posted:
Anybody made their first million under the new leverage restrictions?

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.

Hello, what did you mean by 3rd million? Is that any name of trading indicator? Or anything else?

blackRichie posted:

Adribaasmet posted:

Pipperidge posted:

emotionaltrader posted:
Anybody made their first million under the new leverage restrictions?

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.

Hello, what did you mean by 3rd million? Is that any name of trading indicator? Or anything else?

I think he's being sarcastic

emotionaltrader posted:
ESMA 3 Month Trial Period Time is Running Out - Time to make a decision!!!


Bring back the old leverages and include everyone not just the few!!!

emotionaltrader posted:
Anybody think ESMA will change their mind? I'm not trading or analysing charts anymore and I'm bored silly and suffering withdrawal symptoms. Furthermore, I spent several years dedicating my time and energy to technical analysis and learning to trade. This is so UNFAIR!!!


PLEASE ESMA RESTORE THE OLD LEVERAGES!!!

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