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michaelpelly replied Mar 31, 2018Margin call event is a fail safe - not a method of trading. It is basically to hedge against unpredictable unprecedented events (war, nuclear disaster, etc). Trading risk on the other hand is the potential for balancing a loss from an opened ...
FX Trading in Europe under threat - act now
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michaelpelly replied Mar 31, 2018Three posts above I mentioned INVESTMENT banks (MMs basically) - not regular customer deposit banks. So NET flow will go from your pockets (YOUR money in regular customer retail bank) into pockets of INVESTMENT banks.
FX Trading in Europe under threat - act now
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michaelpelly replied Mar 31, 2018Very simple. One will need 16.6 times more amount deposited to guarantee the margin for leverage of 1:30 instead for example 1:500. This will one to keep same volume of trading as before the regulation - the trading risk stays absolutely the same. ...
FX Trading in Europe under threat - act now
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michaelpelly replied Mar 31, 2018The biggest misconception of 90% in FX is the biggest advantage of the lobbying parties to push out retailers. Let me clarify. FX speculation is a business, one that many corporations and smaller companies use to hedge against sales risk and to ...
FX Trading in Europe under threat - act now
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michaelpelly replied Mar 30, 2018These limits were norm back in 2003-2004. So instead of progressing we are moving backwards to protecting lobbying financial businesses with regulatory power. Same as the dumb tariff idea of Trump. You just can’t hide in the global world - either ...
FX Trading in Europe under threat - act now
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michaelpelly replied Mar 30, 2018That was exactly what I’m shouting - this decision has nothing to do with protection. It is purely lobbying sinister regulation effort to benefit some market participants at expense of others. Seems that ESMA has been quite well backed up by large ...
Breaking: ESMA finalizes new rules to govern leveraged trading
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michaelpelly replied Mar 30, 2018Let me ask you then - if banks can guarantee with deposits (my money) only 3% of the loan amounts they give, why I’m not able to use the same ratio as market participant?
Breaking: ESMA finalizes new rules to govern leveraged trading
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michaelpelly commented Mar 30, 2018Simply because the original statement of bitcoin to be valid payment means is false. The whole game was “penny stock” trading Ponzi.
Bitcoin Drops Below $7500 As Twitter Ban Takes Toll On Markets
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michaelpelly commented Mar 30, 2018“This is the new economy”, “This time will be different”, “This is the future”.
Bitcoin Drops Below $7500 As Twitter Ban Takes Toll On Markets
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michaelpelly commented Mar 29, 2018Well, I have account there due to diversification of my basket, but I would say - if you trade under 100 000k - you better use FX brokers and put 5-10k in each - better conditions and usage options.
Saxo Bank on ESMA's leverage restrictions: 'fair and proportionate'
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michaelpelly commented Mar 29, 2018Well, they are part of the lobby - their service is expensive, low leveraged, does not allow hedging in same account and almost all their daily swaps are negative. So no surprise they welcome this coup to their competitors
.Saxo Bank on ESMA's leverage restrictions: 'fair and proportionate'
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michaelpelly replied Mar 29, 2018I do not disagree completely. But delusional?!
Come on - you can do better, Spreadbetter
. There are people here that actually now what hey are doing. These people use a whole database with statistics when trading - for strategy planning and ...FX Trading in Europe under threat - act now
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michaelpelly replied Mar 28, 2018Bro, I’m not gonna even bother convince you
. Just will mention that for March only I’ve made from FX trading more than the net monthly salary of a software department director of a 300+ people company here in Bulgaria. So I leave you to warm that ...Breaking: ESMA finalizes new rules to govern leveraged trading
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michaelpelly replied Mar 28, 2018Mad much as I enjoy irritating you
, you are quite correct on the leverage required for consistent profits. My statistics confirm that 30:1 leverage is still more than enough to make 60-70% annual growth. My only concern here is that personally - ...FX Trading in Europe under threat - act now
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michaelpelly replied Mar 28, 2018I trade with 7 (yes seven) different FX brokers for the moment - not a single bulletin email from them. Some of the accounts are 5-digit amount. If this was a major business breakdown regulation - I’m sure emails would be swarmed with warnings and ...
Breaking: ESMA finalizes new rules to govern leveraged trading
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michaelpelly replied Mar 27, 2018I’m trying to make this point here - thank you for your supporting opinion
.FX Trading in Europe under threat - act now
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michaelpelly replied Mar 27, 2018SB, not all people here are “job quit” dreamers. some of them are just magnifying income (just as all banks and corporations do worldwide) by using the financial markets. And such directives effectively are reducing the capital available for actual ...
FX Trading in Europe under threat - act now
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michaelpelly replied Mar 27, 2018Directly copied from fresh article on the subject (forexmagnates): ” Most importantly, the ESMA has proven that the fabric of the European Union’s institutions is shifting into a direction that is only welcoming to big corporations with the ...
FX Trading in Europe under threat - act now
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michaelpelly replied Mar 27, 2018I think you are missing the point here...this will hurt also the people who actually DO profits consistently. The people that have profitable experience would need to pour unnecessary liquidity right in to the hands of the “right” (ESMA bonified) ...
FX Trading in Europe under threat - act now
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michaelpelly replied Mar 27, 2018Which exactly point out my opinion what is the exact purpose of this directive - to pour liquidity in certain market makers and flush a lot of competition. And nobody can assure me that this will prevent people from leaking money if they don’t trade ...
FX Trading in Europe under threat - act now