But then again, you know this rule is NOT about leverage; it's about choices. 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

So because we are getting more and more of our choices and rights taken away, so we should roll over and surrender and let the government walk all over us by introducing this one more piece of BS "rule" to crush one more thing that finally has ...

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

Why not? Because the "underfunded" traders don't need to protect their funds anymore because they have so little to protect? Is that your reasoning? You know, for "overfunded" traders, leverage is redundant because you have so much to begin with. ...

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

And that's not enough? Isn't Fund Protection the most important thing that we traders have been taught to do since our funds is the only ammunition that we have to make it in the Forex trading business? And if high leverage would allow us ...

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

Here is the link to Podcasts of conference calls discussing the impact of the proposed leverage cap on Retail Forex Industry as well as the issue of US citizens trading with non-US trading firms. There are other Podcasts that deal with tax issues in ...

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

According to what I have learned so far, it seems that the definition of what constitutes "Retail" is still unclear and still needs to be clarified. So far, it encompasses any "Off-Exchange OTC" and are other than "ECP" which are institutions that ...

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

Yes, but we do NOT want to trade Futures!! We want to trade Spot Forex!!! Here is the link Shrike posted in the other thread that talked about how the Dodd-Frank Wall Street Reform and Consumer Protection Bill could stop US clients from going to ...

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

Like I said, Welcome back! I hope by now you have received some "hypothetical" examples that should show you why and how high leverage helps Forex trading and why low leverage can be detrimental to some trading styles due to the uniqueness of ...

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

This is what I have seen that started this thread. You should read Shrike's post later. He has more information on this.

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

LOL They are supposed to. They said on their website that they will post all comments as how they are received along with all personal info. on the site. I dug through comment files until the ones several days after the date of my email and I still ...

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

Just because you use low leverage doesn't mean people who do use high leverage don't know how to trade.

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

Ok pip, that's NOT the point! 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 when to use leverage in their trading business. ...

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

LOL I thought you gave up! You can't stay away from us, can you? Welcome back!

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

The new thread is a continuation of discussion on this thread. Pipmutt had to start that new one just to continue the discussion because for some reason, he couldn't quote or post in this thread anymore.

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

That's fine, if they can't forbid US citizens from doing business with firms overseas. I will take your word for you it. But what started this thread in the first place was a US trader being refused to be signed up as a client by a foreign broker ...

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

If you think that's unconsitutional, the really unconstitutional one is the proposal to cap margin from 100:1 to 10:1 for Retail Forex. That's outrageous. You can reall all of the discussions about it in the previous thread by the same name in the ...

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

It's not in the proposal per se but it is somewhere in the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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

It's a continuation from a previous thread of the same name. For some reason, pipmutt was not able to post in the previous thread so he continued the discussion by starting this one. You can see the full discussion in the other thread. The title is ...

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

What's with the GBP going up? The DOW is flat. Any news?

Cable Update (GBPUSD)

You too!

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