So is hegemony but since when did that stop anyone! Anyway, too political.........

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

They'll still be able to do that, just not with crazy leverage. It may take a bit longer to build up equity but the risk of blowing up will be less, it's a trade off. To be honest the ones calling for 100:1 leverage are the ones who will probably ...

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

You go for it dude, kick some Washington butt!!

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

Do you think the numbers are really that great to warrant US brokers going into battle with US regulators? I mean what percentage of US traders trade in an OTC market like retail forex anyway, and what percentage of those are bothered about FIFO and ...

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

They'll make even less if brokërs move their operations offshore to somewhere beyond US jurisdiction! For some traders it seems to be a lose/lose situation, for others it's not going to make very much difference as far as I can see. As for the ...

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

lol, and if he screws this one up he's being moved to Customer Complaints!

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

Against for everyone else, sure! They also said they supported a strong dollar! Every government tries to protect it's own interests despite what they might try and have the rest of the world believe! I'm not sure who they think they're kidding any ...

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

Surprising as it may sound not every trader reads and/or posts on FF, I expect the majority either don't know about it or don't care! I think that's unlikely but let's suppose for a minute that it's true. So what? Reckless gamblers will always find ...

King of the microlot suspicions

Protectionism?

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

True, I bailed out of Refco after they screwed me over one NFP, just before they went bust thankfully! So being in the US how do you handle that risk now, or do you just have to accept it?

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

I live in UK and have accounts with US brôkers, one of the reasons being 2-43(a), it was one of the best rules I've ever seen, long overdue! FIFO is just the way markets work, the way forex brôkers were doing it was very unusual, and 100:1? Who in ...

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

Where does it say they won't? I wouldn't rely on 'Client Services 20' too much if I were you...."I'm in the dark about most things.......There's a new law coming, or already happened, might make it illegal for us citizens to have accounts ...

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

I see IB are offering M6 though which surprised me, I didn't know anyone actually traded micro futures!

IB spreads are tighter than Mbtrading

It's fine until you start making 3/4/500 pips a day trading upwards of 2 or 3 lots. They won't shut you down though, you'll just start experiencing major slippage (as they hedge probably) which kinda takes some of the fun out of it! That was the ...

oanda & scalping

That's a fair comment, maybe Phi wants to start a new thread there?

Another reason why 99% of traders fail

Something like what, the thought of taking my trading expertise to the grave? Well if you really want to help struggling traders then maybe you could select a few suitable candidates and take them under your wing, there's a lot of satisfaction in ...

Another reason why 99% of traders fail

I don't get where this is going, are you planning on becoming a seller/mentor/educator/trainer/signal service?

Another reason why 99% of traders fail

lol, wtf, the world according to Will Smith The best bit for me was ".....the world and people and situations are not something that are going to push us around.....we are going to bend the universe and demand that the universe become what we ...

Another reason why 99% of traders fail

I'm not qualified to comment but I imagine it would be a legal minefield. Charity trustees have a duty of care so there may be a conflict of interest, and I think most charities diversify their investments anyway so an investment into something like ...

Trading for Charity

Ah right, I'm with you now, 100% well executed trades (win or lose). I think we all carry on learning and improving every day, we don't just stop at being profitable, I guess that's the fun of trading - there's always something new to learn. The ...

Another reason why 99% of traders fail