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Slack replied Sep 1, 2010Thanks for that link... cool website. Good luck with the $700. Hope you are able to recover it.
Jacko's Forex House of Pleasure and Pain
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Slack replied Sep 1, 2010No, but you do have to adhere to compliance laws (report all foreign bank accts). Additionally, the foreign acct or business entity cannot be used a vehicle to evade taxes. Keep in mind, there are bilateral agreements with our Gov and foreign ...
CFTC Final Retail Forex Rules - 50:1 Leverage
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Slack replied Aug 31, 2010dbFX just sent me a response basically stating (screw the CFTC), they are FSA regulated -- we are open for business for any US clients.
CFTC Final Retail Forex Rules - 50:1 Leverage
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Slack replied Aug 31, 2010There are 3 main participants listed in weighting: 1. Banks 2. Hedge Funds / Institutions 3. Retail Trader Remove #1; banks don't trade in the futures fx market, and you have hedge funds left as counter party. I see the banks as a giant Whale shark ...
Could 10:1 be the new leverage in US Forex?
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Slack replied Aug 31, 2010Or they are smarter than the avg crook knowing how easy it is for the US regulators to seize/freeze their bank accts. Focus the saps that cannot fight back = better long term strategy.
CFTC Final Retail Forex Rules - 50:1 Leverage
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Slack replied Aug 31, 2010What the hell is a public university doing donating to any campaign... damn, that really pisses me off!
Could 10:1 be the new leverage in US Forex?
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Slack replied Aug 31, 2010Try not to get your news/opinion based on comments at bucket shop websites.
CFTC Final Retail Forex Rules - 50:1 Leverage
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Slack replied Aug 31, 2010"The CFTC’s new leverage rule calling for a minimum 2% deposit on trading major forex currencies off-exchange (50:1) seems on par with what commercial banks like Citi FX Pro offer their retail forex trading customers now (50:1). So it’s a wise move ...
Could 10:1 be the new leverage in US Forex?
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Slack replied Aug 31, 2010You're missing one big component: liquidity. All of the main action will always be in the spot market. Forcing retail into the Futures market will be like kicking us into the kiddie pool.
Could 10:1 be the new leverage in US Forex?
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Slack replied Aug 31, 2010They stated in their release that the ruling will be reviewed at least once a year and/or depending on market conditions. So, you are correct, this is on on-going struggle and we need to remain active and vocal.
Could 10:1 be the new leverage in US Forex?
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Slack replied Aug 31, 2010I feel much better about the 2 hand delivered letters I sent to my Senator. We really need to give greencompany.com a huge round of applause; I'm going to send them a personal thank you note later. For a few extra bucks, they were having letters ...
Could 10:1 be the new leverage in US Forex?
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Slack replied Aug 31, 2010Some of us don't want them to stop Stop Hunting.
Could 10:1 be the new leverage in US Forex?
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Slack replied Aug 31, 2010That case wasn't about claiming a loss, it was about not filing income tax return. "Esparza Bofill didn't file an income tax return for the year he was here swapping stocks - and that's leading to big problems with Uncle Sam." Lesson, if you are ...
Basic US Tax question
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Slack replied Aug 31, 2010A big
to the CFTC! I cannot believe they read, and digested, all the comments even ones that came in after the expiration date.Could 10:1 be the new leverage in US Forex?
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Slack replied Aug 30, 2010Killer! I forgot about that list. Looks like db is already self regulated under CBOT and registered, same as citit.
Could 10:1 be the new leverage in US Forex?
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Slack replied Aug 30, 2010[quote=Scarlett;3988576] No, but I'll be contacting Deutsche Bank later this morning. Their legal team might not have enough time to issue an opinion, though. This could be a problem for them, I believe they are classified as an Investment bank. ...
Could 10:1 be the new leverage in US Forex?