See this is the problem with you, everybody has to trade like you with leverage below 10 otherwise they are not "serious" trader or must not be successful. Unless they open up their trading system or trade journals to show you they are making money, ...

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

Still you searched, I am touched. LOL Uh oh, I think I touched a nerve here. Since now you are doing a little personal attack on me, I am not going to respond.

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

Btw, I responded to your post responding to my earlier post in another thread "Best Timeframe to Trade" in "Rookie Discussion" section. You didn't take into account everything in your post.

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

Ok now you are going to a different topic, although I am honored that you actually took the time and effort to search for my posts. Since you have moved to a different topic, so I guess you admit defeat in this debate and this debate is over.

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

Well, for me, I would've declined the interview in the first place, so this scenario would not happen. Like I said, I, like countless other traders just prove to ourselves everyday that we trade well with the current leverage rates, we really don't ...

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

Since I believe that leverage level and/or whether it is or or not needed in trading profitably is IRRELEVANT in this discussion and it is something that the government should certainly leave alone, because leverage is just something that we traders ...

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

Well because you keep bringing up the same points again and again after I have proven to you my point so I would have no choice but to copy and paste. I DO write new arguments to respond to others' comments if you read them more carefully. Next time ...

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

BUT if someone who ABSOLUTELY insists that leverage of certain level in Retail Forex is definitely not needed and/or cannot be used successfully to make a profit and therefore can be done away with, then we are happy to be enlightened by examples of ...

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

whether to use leverage and how much to use leverage is a personal choice. How much leverage to use when trading a particular investment instrument is not anybody's business but the traders'. It's up to the traders to decide how much and how and ...

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

Ok Let us summarize the discussion on this topic and address few of the comments here: Well, I am not sure why you have only realized now that we are serious? You REALLY think we Retail Forex traders are just a bunch of "online gamblers" or ...

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

Oh ok but that's redundant. People don't trade with those brokers anyway. Like I said, this is creating so much confusion. Thanks for the clarification.

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

And mention to them especially the ridiculous capping of the leverage from 100:1 to 10:1 and how seriously it impacts the small investors and the Retail Forex industry. Good luck!!

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

I am sorry what do you mean UK is dissolving their regulatory agency? the FSA?? FSA is one of the best, if not the best regulatory agency I have seen around. They really have genuine rules and requirements that really DO protect retail investors. ...

Non-US Broker Question

There already is a Trader's Association started by GreenTrader. It is a business association and advocates issues on behalf of Retail Forex traders. Here is the link to their webpage: url They are not a lobby group and do not donate to political ...

Imagine a FOREX TRADERS ASSOCIATION. Imagine the Power

Thanks Jeff. Actually October 10, 2010 the latest deadline that CFTC must act to pass any proposals into rules, otherwise Retail Forex trading will become illegal in the US. I am glad you have posted the information about Green Trader. I have been ...

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

Retail Forex Trading could become Illegal! — On a more grave note, the Dodd-Frank Bill is giving CFTC until Oct. 10, 2010 to pass the proposal (which includes the reduction of leverage to 10:1) into formal regulations. If CFTC fails to pass ...

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

Agreed. I am about to finish listening to the Podcast. And aside from physically invading those "off-shore" countries, it is quite difficult for US regulators to enforce the regulations no matter how much they want to stretch their ...

Non-US Broker Question

Obviously not otherwise he would've already done so. Oh well, we will direct our attention to more constructive posts from other traders.

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

I already did. I sent my comments to the CFTC during the 2-month "Public Comment" period which closed on March 24, 2010. I just found my comment which is published on the CFTC website too. Now a branch of the US government has a permanent record of ...

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

Here is the link to an article that discusses this issue of how non-US brokers could be affected by the Dodd-Frank Reg. Fin. Bill: url And also, here is the link to a conference call that discusses and analyzes this more in length: url

Non-US Broker Question