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This is a discussion on Odd within the Brokerages forums, part of the Commercial category; Originally Posted by tomorton Personally, I never got burned, but I did used to be a poor trader. I actually ...

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Old Feb 5, 2018, 5:07pm   #41
Joined Jan 2017
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Originally Posted by tomorton View Post
Personally, I never got burned, but I did used to be a poor trader.

I actually agree the SB firms could do so much more to guide new clients, and said as much in my response to ESMA on proposed regulation. There's a lot of options they have open to help new traders and guide them past dangerous mistakes, and they could do these things cheaply and easily and should do so without the need for legal compulsion if they valued the long-term relationship. But, I suppose they're short-termists.

Then again, when I drive away from Majestic with another 2 dozen bottles of wine, or Sainsburys with half a dozen pork pies, they don't say to me, oh that's perhaps enough for this year don't you think? So maybe the SB firms aren't really worse than anyone else trying to make money from us.
Fair point.

Although, I dont think we can compare SB with food stores. You need food to live so its pretty important you visit your majestic or sainsbury regularly/frequently. But you dont need to trade to live, so nothing wrong in limiting the number of visits or use of SB platform.
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Old Feb 5, 2018, 5:10pm   #42
Joined Jan 2017
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Originally Posted by gtspeed View Post
Hi All

Just a quick one like many others I see the market move quickly against you the second a trade is placed.

Happens all the time and never in my favour, however today as usual the same happened and seeing a move happen on the AUS/USD I placed a trade both sell and forced buy to have 2 positions in opposite directions and guess what no movement for the last hour just a tick 1 way then the other. Is it me or are IG Index playing silly buggers something I have thought fro a long while ...... Just a thought
No movement for last hour. Might be the case of you trading during low volatility. Where nothing moves for a long period. Markets are slow if your trading late at night.
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Old Feb 5, 2018, 5:24pm   #43
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Originally Posted by TheRegulator View Post
Fair point.

Although, I dont think we can compare SB with food stores. You need food to live so its pretty important you visit your majestic or sainsbury regularly/frequently. But you dont need to trade to live, so nothing wrong in limiting the number of visits or use of SB platform.

On that basis, why shouldn't golf be subject to government regulation?
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Old Feb 5, 2018, 5:30pm   #44
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On that basis, why shouldn't golf be subject to government regulation?
I don't know what you mean. Why should we regulate golf or marketing of its product, is it bad for people. Its a sport as far as I am aware.

But trading/gambling and marketing is neither a sport but can be harmful to vulnerable people so regulation is highly needed.
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Old Feb 5, 2018, 5:43pm   #45
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I don't know what you mean. Why should we regulate golf or marketing of its product, is it bad for people. Its a sport as far as I am aware.

But trading/gambling and marketing is neither a sport but can be harmful to vulnerable people so regulation is highly needed.

They're both used as pastimes by thousands of people, they can both be addictive, neither does anything for society as a whole, both can be very very expensive.

At least trading offers the possibility for the individual to create their own wealth. This enables them to use the money for worthy purposes in the community if they wish, it certainly means they have more to spend which enriches the economy, and it might even mean they are less likely to be a burden on state support.
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Old Feb 5, 2018, 5:45pm   #46
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Come to think of it I should have recommended to ESMA that they take a long hard look at increasing the regulation of golf. This would save many people from buying expensive gear and club memberships which they then don't use, and we all know that 90% of them fail to become professional golfers.

After golf, skiing.
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Old Feb 5, 2018, 5:51pm   #47
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I think everyone posting here has got burned first no? No one immediately become professional and before transitioning to be profitable. Even your self I imagine. You didnt get burned ?.
Yeah I’ve had some heavy losses due to stake sizes being way too high but I’ve never lost all my money. I was just wondering how you were going to react to it?
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Old Feb 5, 2018, 5:54pm   #48
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Originally Posted by tomorton View Post
They're both used as pastimes by thousands of people, they can both be addictive, neither does anything for society as a whole, both can be very very expensive.

At least trading offers the possibility for the individual to create their own wealth. This enables them to use the money for worthy purposes in the community if they wish, it certainly means they have more to spend which enriches the economy, and it might even mean they are less likely to be a burden on state support.

Sure but that possibility exist with a minority 10%.

Imagine a heathy population taking part in golf or skiing how much that could save in the long term for the government in health care cost. Sport is great for many other benefits, health, education, well being, etc.
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