Day Trading & Forex Forum

tar

http://www.cftc.gov/newsroom/general...pr5772-10.html

moe

the u.k. will not follow in the u.s.a. foot steps, once the u.s. relize that there u.s. brokers will loose business because of this new rule they will either change the rule or vote against it. we will see in a few months, im moving my business offshore mabe to the u.k. if that keep there rules the same.

DionysusToast

Sounds like a good idea to me.

It's the leverage that attracts newbs with small accounts to forex, only to get wiped out.

__________________
Everybody wants to be a bodybuilder but nobody wants to lift no heavy ass weights," - Ron Coleman, Mr Olympia

A quivver for your bow (warning, may require effort).
http://www.trade2win.com/boards/gene...y-trading.html

Dead thread club
http://www.trade2win.com/boards/gene...rivatives.html

Jason Rogers

We also find it unlikely that the FSA will follow in the same footsteps that the CFTC is proposing since their regulatory approach is different.

To put the new leverage requirements in perspective, here's a rough estimate on what the new margin requirement would be for the major currency pairs if the leverage is reduced to 10:1.

If trading a USD denominated account:
EUR/USD: $14,500
GBP/USD: $16,300
USD/JPY: $10,000
USD/CHF: $12,000

If trading a GBP denominated account:
EUR/USD: £8,895
GBP/USD: £10,000
USD/JPY: £6,135
USD/CHF: £7,360

So a substantial increase in the amount of capital you will have to set aside to continue trading a standard lot.

Jason

Vaco

sounds like a keep the rich, rich and the poor, poor kinda idea to me.

All it will do is make newbies lose 10k+ on their first venture into trading.

__________________
That's fine, for I shall show that it isn't positions which lend men distinction, but men who enhance positions.

DionysusToast

Surely it keeps people that can't afford to lose 10K away from risky markets.

Not many people get rich trading forex with virtually no capital. I can't think of a single person I know that did.

It's like the pattern day trading limits - absolutely a good idea.

__________________
Everybody wants to be a bodybuilder but nobody wants to lift no heavy ass weights," - Ron Coleman, Mr Olympia

A quivver for your bow (warning, may require effort).
http://www.trade2win.com/boards/gene...y-trading.html

Dead thread club
http://www.trade2win.com/boards/gene...rivatives.html

Vaco

u misjudge peoples appetite for risk and their desire to fullfill their ambitions.

I agree you don't get rich trading with no capital but no one ever lost their house trading with small stakes either.

I think its better for people to learn on a micro account then on full lots from the get go. Either way the failure rate will be the same.

__________________
That's fine, for I shall show that it isn't positions which lend men distinction, but men who enhance positions.

Black Swan

bingo...

__________________
Walk a single path, becoming neither cocky with victory nor broken with defeat, without forgetting caution when all is quiet or becoming frightened when danger threatens.

"You, me, or nobody is gonna hit as hard as life. But it ain't about how hard ya hit. It's about how hard you can get hit and keep moving forward. How much you can take and keep moving forward. That's how winning is done! Now if you know what you're worth then go out and get what you're worth..."