Well, thanks for your contribution to this discussion, Lucky!! You were good. Actually according to the Dodd-Frank Fin Reg. Bill, CFTC has until October 19, 2010 deadline to make those proposals (including the 10:1 leverage change) into ...

US citizens won't be able to have forex accounts overseas

Wow! Thanks for posting such a detailed illustration. This makes sense. Then this begs another question: If every single trader or majority of the traders in a brokerage is able to pull off something like that, and the brokerage is a MM ...

US citizens won't be able to have forex accounts overseas

Why does that matter? My stats does NOT represent EVERYBODY's and this proposal is affecting EVERYBODY. Everybody's trading strategy is different. Since you are really dying to know, my stop and risk % is not even fixed; it's determined dynamically ...

US citizens won't be able to have forex accounts overseas

It's no prob. I see your point of the government wanting to cap the leverage rates for regulating for the brokers. Because it is pretty much established that a trader can be profitable at any leverage rate. Although I do see the leverage rate of ...

US citizens won't be able to have forex accounts overseas

But the point is NOT everybody trade like The Fool! That's our point. Everybody's trading strategy is different. You are assuming that everybody trades with the same strategy as The Fool.

US citizens won't be able to have forex accounts overseas

True but then again, it's not something that is "given" like "bestowing upon" the traders either. That's my point. It shouldn't be something that's for the government to give. Like you said in one of your earlier post, leverage rates should be ...

US citizens won't be able to have forex accounts overseas

I couldn't agree with you more. 10:1 is WAY too low. I don't even know how they come up with ratio. I am actually interested to know what did they based this ratio and how did they arrive at this ratio? Did they actually study the Retail Forex ...

US citizens won't be able to have forex accounts overseas

Exactly.

US citizens won't be able to have forex accounts overseas

LOL I knew it would be hard for you. Oh well.

US citizens won't be able to have forex accounts overseas

Well, with capping of leverage rate to such a low level, you will actually have to put up a "large stake" which will be difficult for you but all of us. Because the majority of us, including myself are, like you, don't have the means to put in a lot ...

US citizens won't be able to have forex accounts overseas

Then, like I said CFTC should come up with better more flexible regulations to help brokers to offer leverage rates that they can afford i.e. that match their capital reserve so they won't be operating on the "high leverage casino model" like you ...

US citizens won't be able to have forex accounts overseas

You amuse me! You really like arguing THAT MUCH even on an issue that you don't even care about? Honestly, you don't care whether this 10:1 leverage rule becomes law or not because you don't even use it that much in your trading: And for your ...

US citizens won't be able to have forex accounts overseas

LOL good job in winning the debate!!

US citizens won't be able to have forex accounts overseas

LOL That's OK. As long as you catch my point.

US citizens won't be able to have forex accounts overseas

You know Singapore actually doesn't make a good comparison candidate. Because that place is not only beautiful but people actually like to live there despite of many relatively oppressive laws and regulations. And it's considered a "free" country ...

US citizens won't be able to have forex accounts overseas

I am sorry this is upsetting to you but it is true. Afghanistan might be far-fetched to us TODAY but IF we never say anything when the government imposes one law after another taking away something from us one bit at a time, eventually and before ...

US citizens won't be able to have forex accounts overseas

You know, with the new proposed rule, regulated Forex deaders would have to report to the CFTC are already subject to a $20 million minimum net capital standard established in the CRA for registering plus an additional volume-based minimum capital ...

US citizens won't be able to have forex accounts overseas

When we see one day an Afghanistanian living in Afghanistan has more rights and freedom than us. But like I said, aside from the overregulation, it's not even effective.

US citizens won't be able to have forex accounts overseas

Repost. Hope this is more clear. OK then in that case the brokers who cannot afford to offer the high leverage shouldn't really offer it. Just like traders who don't know how to use high leverage shouldn't use it. Do you think a blanket reduction of ...

US citizens won't be able to have forex accounts overseas

Have a good weekend, erik!!

US citizens won't be able to have forex accounts overseas