Recent content by jm1054

Spot on! Not having to make money trading changes things completely!

I moved broker to keep my leverage, but hardly traded in August anyway. Can't see myself going back to UK spread-better, unless the regulations spread to sunnier climes... How about you? Did you decide what to do in the end?

Hi Thomas Australian IC Markets fit your criteria. Good luck :-)

Yes, that's pretty much it! For traders who always define their maximum risk via stop loss orders, the whole thing is infuriating!

Oh and another one... “Most people do not really want freedom, because freedom involves responsibility, and most people are frightened of responsibility.” - Sigmund Freud

My favourite quote in relation to ESMA's new rules: (can you tell I'm still sore?... :lol:) “Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies.” - C.S. Lewis

I read somewhere (can't remember where) that SB providers would lose less than 25% revenue from retail traders quitting, or going elsewhere. It seems the "professionals" make up most of their revenue. The criteria for qualifying as "professional" doesn't help in any way imho. If I had £500,000...

I honestly don't think you'll find any spread betting outside of the UK. The closest you'll get are non-EU brokers offering CFDs with high leverage, and of course any profits will be taxable. One option is to move to non-EU CFDs, build up a large bank and then move back to spread betting once...

No. IC Markets in Australia are still accepting EU clients, not sure about after 1st August though...

I'm not eligible to register as a professional client and so (unless somethings changes between now and 1st August) I'm moving over to IC Markets.

I'm not a tax expert but pretty sure UK residents using an Aussie broker like IC Markets would only pay taxes in UK.

I'm trying out CTrader for now...

Yep, had the heads up from IG earlier this week, that it all starts on 1st August for the instruments I trade. I've just opened an account with IC Markets and plan on spending the next 8 weeks getting used to the platform so that it's all good come August. Pretty gutted that it's come to this...

Definitely agree, each has their own strengths and weaknesses. Just the thought of programming/automation fills me with dread! I laughed reading your comments on exercise. It reminds me of a T-shirt my friend has which reads "I run because I love food" :lol:

Life or death sounds a bit scary! :cheesy: But you know what, I wonder is it's all about consistency? Life or death on EVERY trade, or chilled out on EVERY trade. It doesn't matter which approach a trader chooses, as long as it's the best choice for their temperament and they're CONSISTENT. As...