Nice move and good trading to you! Really hope the Dodd-Frank doesn't get you either with their "extraterritorial" powers, honestly.

Thoughts on 50:1 Leverage

No, we have won the battle, a partial one, yes. Now we need to fight for the food.

Thoughts on 50:1 Leverage

Yes, their income got cut effectively by half and that is assuming they are trading "major currencies". If they happen to be trading "non-major currencies", their income will be cut by five times. I have illustrated this with calculations in the ...

Thoughts on 50:1 Leverage

That's not the point.

Thoughts on 50:1 Leverage

To pipmutt: Yes it is. Every single bit of it.

Thoughts on 50:1 Leverage

Well, at least this time, when they were trying to make the cage smaller again, we growled, gravelled, begged, yelled, bit, kicked, lunged, shouted, barked, mobilized other cats and dogs, and bared out teeth enough that when they were finally ...

Thoughts on 50:1 Leverage

No, it's more like making the knife blunter to protect us from killing ourselves.

Thoughts on 50:1 Leverage

The rules are not in effect yet; the new rules are taking effect on Oct. 19, 2010. IBFX might be telling them what is going to happen after Oct. 19, 2010. Just a thought.

CFTC NEW Document - Overseas Accounts OK?

BUT it IS CFTC who came up with the specific proposals including that stupid leverage cap. I mean Dodd-Frank just outlined the general spirit of how they want to regulate the financial industry. It's CFTC who came up with the specifics. They ...

Thoughts on 50:1 Leverage

Be careful what you wish for! If you like my posts really that much, I might just assemble all of them and PM them to ya... I had no idea of the power of my posts that it would make THAT STRONG of impression on you.

Thoughts on 50:1 Leverage

Did you read lasty's post? Can you comment on lasty's post? Stop commenting on mine. I already admitted I don't understand and that's why I asked the question in the first place.

CFTC Final Retail Forex Rules - 50:1 Leverage

That's a great article! But wow, this is ridiculous!! I am surprised though how steathily that law got passed without a peep from people. I thought those rich people would, at least, rise up protest it against. After all, when it comes to tax ...

Extraterritorial power of the Dodd-Frank Fin. Reg. Bill

Well not so much any longer. September 1 is almost here! Hang in there!!

Could 10:1 be the new leverage in US Forex?

And more importantly, what this dual citizenship would entitle you to have? If you being a citizen of another country but is still expected to pay taxes to Uncle Sam and thus reveal your investment overseas, then dual citizenship would not work. ...

Extraterritorial power of the Dodd-Frank Fin. Reg. Bill

See this is what I thought. They make money from spreads and hedge their risks. But then why would they do SL hunting and do requoting? These behaviours would suggest they do trade and are trying to make profit on top of earning the spread.

CFTC Final Retail Forex Rules - 50:1 Leverage

That's what I was thinking. What if somebody was born in a foreign country and immigrated to US and since became an US citizen? Does that person automatically renounce his/her former citizenship upon arrival at US? If no, then wouldn't that person ...

Extraterritorial power of the Dodd-Frank Fin. Reg. Bill

Yes, I am Serious. And Yes, I was asking that question because I really don't get it. On one hand, I hear those brokers claim that they wouldn't have the incentives to trade against the traders because they hedge their exposure. And then on the ...

CFTC Final Retail Forex Rules - 50:1 Leverage

See this is what I don't get. According to what Oanda claims on their website, they hedge their net aggregate customer positions so they are risk-neutral. And if all of the brokers do like Oanda does, then they should all be risk neutral. Then, why ...

CFTC Final Retail Forex Rules - 50:1 Leverage

Below is a post by pilouti regarding a conversation that he had with a FXCM rep. regarding his FXCM UK account. Not sure if you are in the same situation as him. Hope this helps. url

CFTC Final Retail Forex Rules - 50:1 Leverage

ec, are you looking for the link with the published final rules? If you are, here below is the link: url Make sure your Acrobat PDF is configured right. Hope it helps.

CFTC Final Retail Forex Rules - 50:1 Leverage