No wonder the majority of experienced traders can't be bothered to post advice any more, your attitude really stinks for someone who's trying to learn. The sad thing is it's people like you and the other clowns in this thread who ruin it for others ...

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

video

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

lol

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

It's an opinion based on fact, just read the thread! By the way this is a trading forum not a vicars tea party, if your fragile sensibilities are offended by any of this then perhaps you're in the wrong profession altogether! Oh you're so hurtful, I ...

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

Well ok then......(I'll try and exercise some restraint here and not state the obvious!) Well if your risk is 1% of $10,000 and your trade size is the equivalent of $50,000, as in the example, what do you think the $10,000 represents? Ok, save some ...

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

Yep that's the ticket, when you can't shoot the message just try and shoot the messenger!

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

lol, it's not a personal attack at all, it's my opinion based on the fact that luckylady posted some pretty inaccurate and stupid comments and you say 'good posts', I mean what other conclusion could anyone reach other than dumb and dumber? Clever ...

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

Well seeing as you asked so nicely and there's no hint of any sarcasm.....! I've got to be careful how I explain this because you two masterminds are sharp dudes! If you take your risk %, lets say 1% of $10,000, that's $100, with me so ...

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

lol, classic dumb and dumber! When you guys fail at trading you've got a great career as a comedy double act!

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

Ok thanks, I was just thinking how much excess free margin you'd need to comfortably cover those losing streaks and how much of a gap there would be for traders if/when this leverage limit is introduced. FWIW I think you've set some sensible limits ...

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

Serious question, what's the total percentage of your account that you've set as risk capital? ie what's the maximum drawdown you would tolerate over a series of trades? It's not a loaded question to try and catch you out or something, I'm genuinely ...

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

Well it's not exactly rocket science, he gave all the necessary information to enable the calculation - "5-pip sl for a 1% risk" Doh, we were talking about my margin requirements on a 50k trade which you said would be between $5k - $8k, I was simply ...

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

lol I'm not the one who's working it out like that, that would be you! Do you seriously believe that your 10k USD account is leveraged the same trading for example 50k units GBP/USD as it is trading 50k units USD/JPY? Obviously, but how about ...

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

At least we agree on something! You can try as many times as you like, there's no limit, in fact if you throw enough darts you may actually hit something! Well my equity would be leveraged 5:1 trading USD base currency pairs (although if I ...

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

- Let me see if I can do this all in the same post........! Fantastic, you finally realize it, there's a glimmer of light at the end of the tunnel! Oh no, the glimmer faded! Please don't get started on the zero-sum debate, we could be here until ...

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

Excellent post as always billflet, there's something there for everyone, recommended reading for anyone needing clarity and a balanced unbiased view of this argument! It really needed top-of-the-page billing so I'll copy&paste it below if that's ...

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

lol, classic! Ah I'm going to bed, too much entertainment for one day!

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

Yeah I think you'll find mainstream brokers/MM's hedge their nett exposure on aggregate, they're not in the risk business!

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

It matters because in reality, like The Fool, you're probably leveraged less than you think and therefore the impact of the proposed reduction from 100 to 10:1 will be significantly less, that's why it matters. Hey, you protest as much as you like, ...

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

I agree! As far as I know a reduction to 5:1 has never been the proposal so why mention it? For dramatic effect? Me too, but I have accounts with US brokers in order to take advantage of the new rules, specifically 2-43(a). Ok, thanks for stopping ...

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