I have done some initial research and think I may have a solution for americans if the stupidest law on earth is passed.
PM me to discuss further.
Cheers
G.
10:1 leverage? possible solution
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- bredin
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10:1 leverage? possible solution
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- TygerKrane
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"Stupidest law on earth" <---- LOL
FXCM allows their US clients to transfer to their UK branch. They can avoid the stupid US leverage and regain access to up to 400:1 leverage. And a few other goodies that we can't do in the US.
(I am FXCM Micro US, btw.)
FXCM allows their US clients to transfer to their UK branch. They can avoid the stupid US leverage and regain access to up to 400:1 leverage. And a few other goodies that we can't do in the US.
(I am FXCM Micro US, btw.)
**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!
- bredin
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I had heard the law would be applied to all US citizens no matter where their broker was, since with the last lot of regulation (fifo, hedging) people simply moved brokers to avoid them.
G.
G.
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Re: 10:1 leverage? possible solution
bredin wrote:I have done some initial research and think I may have a solution for americans if the stupidest law on earth is passed.
PM me to discuss further.
Cheers
G.
Expatriate in South America? The low cost of life, the tempered weather, the latin women....
- TygerKrane
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bredin wrote:I had heard the law would be applied to all US citizens no matter where their broker was, since with the last lot of regulation (fifo, hedging) people simply moved brokers to avoid them.
G.
That would certainly mess things up royally, now, wouldn't it?
Expect a PM if the ruling goes through with a negative result. Unless you prefer to hear from us before it happens rather than after it happens.
newschool wrote:Expatriate in South America? The low cost of life, the tempered weather, the latin women....
Maybe after I get my trading technique perfected. How the hell am I going to study forex 8 hours a day if I know that latin women are just outside so close by??
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- bredin
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I may have to act as soon as the law passes, as my trading income is taxed in the US, and thus will be subjected to this lunacy....
Hopefully It wont take long to put the legal machinations in place.
Anyone know when this bill is due for voting?
G.
Hopefully It wont take long to put the legal machinations in place.
Anyone know when this bill is due for voting?
G.
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MightyOne wrote:I think that they are just trying to shock us into accepting 25 to 1 leverage and I can live with that.
If they come back with anything less than 15 to 1 I am closing my accounts.
i agree
i think it will be 25-50 to 1------ if it changes at all
anything less than 25 and i am gone
then
maybe start a llc in Switzerland and trade with dukascopy or just go to the futures
Bend over and assume the position for another 4 years of hope and change.
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