Ok then, so what's your leverage, stop, and risk %? I'm off for a stiff drink and a lie down in a dark room after all this!! C'ya......

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

Ummm, 5:1 was the leverage used on that 10k account 50k trade, remember? It was the same trade you told me I was about to get a margin call on as soon as I opened it! Oh jeepers, wtf's going on here on these forums!

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

Obviously you do, you asked if I was a conservative trader, or did you tell me I was, can't remember now it was that long ago! Strewth that was quick, now it's 5:1, it was 10:1 half an hour ago!!! Maybe I don't trade Cable, maybe I stick to ...

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

Get the party hats out, finally we got somewhere! In that case you're 'only' leveraged 20:1, the transition down to 10:1 shouldn't be that devastating for you if/when it comes! Like you say they'll most likely go for 50:1 first which should ...

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

I'd be nowhere near a margin call, what are you talking about? I wouldn't say I'm a particularly conservative trader, just a realistic one like most traders, the example I gave you of a 50k trade on a 10k account was around 1.75% risk.

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

Ever heard of a bröker called Oanda? They're ideal for small accounts, you can trade from 1 unit thereby allowing you to manage your risk and your money with acceptable parameters, regardless of how little equity you have. That's trading!

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

Doesn't quite answer the question though. You can't be leveraged say 50:1 and still claim to have 1% exposure to risk, do the math! Unless you're saying you trade with a 2 pip stop?

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

Ok, there seems to be some fundamental misunderstanding here about what constitutes trading and what constitutes reckless gambling. Stop, risk %, and ultimately trade size are primary elements of trading - risk management and money management are ...

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

Run that by me again.......you're taking 1% risk or less per trade and leveraging what, 50:1? More? How does that work out, unless of course your total exposure is >1% risk. You can't have it both ways.

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

In other words you're overleveraged and taking excessive risk in order to try and achieve unrealistic returns? If the motives for the proposed reduction are to be believed (personally I'm skeptical) then isn't this exactly the type of trader they're ...

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

I expected better from you. Grow up for goodness sake..... I've already replied to the rest of your post in my other replies, either you didn't understand or you're just being obtuse, same diff to me.

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

Exactly, in fact I'd go as far as saying it's a pointless calculation. This is why I don't understand people getting so upset about the proposed reduction, just how much risk are these people taking! If you're already trading with reasonable risk ...

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

It's not going to preclude anyone from trading, even if you've only got $10 you'll still be able to trade. You're probably going to have to be a bit more realistic with your expected returns though!

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

Well I don't agree nor disagree with it. For the majority of traders it's not going to make any difference to day-to-day trading. Not enough information, what's your stop and risk %? For me, trading one pair intraday, probably around 50k, something ...

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

Yep, you win joint first prize with Forexia for apparently not knowing how to work out how much you're leveraged or what your risk is! Congratulations fellas!

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

Aww come on, the joke's over now, stop pulling my leg! You guys......

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

That's a bit vague isn't it, don't you know the actual figures? You're one of the people who's against this proposed change in leverage aren't you? I think some of the replies in this thread clearly demonstrate the need for these rules and ...

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

(Ignoring other issues!), what's your risk, that's the important number.

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

lol, nah I think it's you who's kidding with me.....can't work out how much you're leveraged indeed, yeah ok! Next you'll be telling me you don't know what your risk is! Good one, ya got me! Leverage isn't an important calculation ...

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

Perhaps that's their ultimate goal. Futures brökers have lost market share to these shops, maybe this is payback time. Micro futures, reduction in leverage....

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