Great suggestion. Thanks!! Will keep that in mind.

Best source for daily market news?

Do you know any streaming Forex news services that give you up-to-the-minute or events updates? Would be nice to stay on top of the game.

Best source for daily market news?

I am not surprised if it happens. Forex trading is HOT right now in China. They have Forex Trading Institutes formally set up to recruit traders. If you have what it takes, they will train you and then let you trade, kinda like Prop Trading. China ...

Nicholas Sarkozy could be the end of Forex

Anyway, I went through that debate in other threads before. I am not going to do it again here. I will be concentrating more on my trading from now on because that's more important. It's Money that talks. If they see we've got money, they won't dare ...

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

At the end, it's the quality of our trading that counts. They have already "nurfed" (a gamer's term) our leverage, true, took some of our small traders out of the game, but they have still got us. We will work with the current leverage that they ...

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

Well of course, I have said it all along, ever since when have they ever liked us little guys to stand up and be able to compete on equal footing with them? The high leverage already levelled playing field a little bit. If they really have their ...

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

Yup!! Their spread is ridiculous. So not sure how somebody who do trade with them using their high leverage would ever make money?

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

Well the reason why those "Big Banks" is allowed to offer the higher leverage is simply because they are NOT under CFTC's jurisdiction; they are not RFED and thus is entitled to offer whatever leverage allowed by the jurisdiction that they fall ...

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

Ha!! If I had known that they would read comments sent in even after the period-close date, I would've sent in all the comments that I posted here on FF. Honestly, I didn't think I covered as much details in my comment letters sent in during the ...

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

Agreed. 9100 comments received in just two months!! That was awesome! That showed the government that we are not the "Silent Majority" who just roll over and play dead whenever they stuff something down our throats. The only thing is I ...

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

The new Risk Disclosure Statement requirement is a bit of an overkill. If I am a Retail Forex broker, I would feel they are anti-competitive and unfair. I speculate this new Risk Disclosure Statement Requirement would encourage more ECN's as that ...

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

Not necessarily in court but prob. through some kind of Committee or Review Appeal Board and etc. unless you feel CFTC is really violating certain rights. Best to consult an investment lawyer on this one.

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

Me too. I am still reading the rules. Seems to me, looks like they are giving lots of jobs to the NFA. I am at the "Leverage" part. NFA now have to classify what currency pairs as "major currencies" which would get the 50:1 leverage. Plus they have ...

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

Actually the net capital requirement was raised to $20 million as of Sept. 30 of 2009 so this is nothing new. If you are interested, you can find the annual financial information such as Net Adjusted Capital and etc. about your Forex broker on the ...

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

And with good up-to-date news package so you are briefed on any major news developements beforehand

Broker Recommendation PLEASE!

So what do you think US citizens should can do, given the "extraterritorial" power of CFTC in Dodd-Frank? And also, what about non-US citizens who currently trade with US brokers? After Oct. 19, provided 10:1 leverage rule passes, are non-US ...

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

Might also be a good idea to trade and stack up as much profit as possible!

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

LOL Me too! Big time! I can't believe this August is THAT SLOW!! I didn't remember August being this slow last year or the year before. Have to stack up as much money as possible before October 19 for me! Am sure it will be fun.

Non-US Broker Question

If this Dodd thing really goes to pass, depending on how it is, there might also be a surge in dual citizenship and foreign residency for US traders. So might want to think about setting up a Foreign Consultancy agency too.

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

I want Free and free, Dammn it!! But true thou, problems do create opportunities, profitable ones too. Maybe that's why Dodd and Frank want to set this restriction up? You are related to them, aren't you? ...

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