Why are interest rates going up? Is it inflationary pressure or is it to save their currencies!!! My personal opinion for BOE increasing Interest Rate is not due to inflationary pressures but to save the currency, to stop it from collapsing!!! THIS IS MY OPINION!!!
@emotionaltrader I understand why you are upset but ESMA protects the majority of people that which we must accept. Forcing brokers to make it clear and visible how many of their clients lose money is already a big help and the leverage limitation is a great protection as well because all those 'losers' may still lose money but lose much less.
Just work with it the best you can. This ESMA regulation is a market changer, you are a trader you are used to market change so deal with it and just do your best.
NotyaBusiness posted: ...the leverage limitation is a great protection as well because all those 'losers' may still lose money but lose much less.
The leverage limitation means more margin is required to hold positions, therefore more money will be lost as traders will require more margin (more deposit, greater balance, etc)
ESMA has this all wrong. Look at Japan: when cryptocurrency appeared many market participants jumped to crypto. ESMA's regulations will only push traders to look elsewhere, at unregulated and riskier markets.
HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors.
Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance.
You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions.
Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.
Past performance is not indicative of future results.