10:1 leverage? possible solution

[bredin]

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.

[TygerKrane]

"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.)

[bredin]

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.

[newschool]

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]

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.

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??

[bredin]

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.

[MightyOne]

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.

[leonyde]

I was just wondering, are we talking about margin here?

So the margin to open a 10k operation would be 1k ?

That would be tight...

I got somehow confused somewhere

[rowdy]

I believe this will happen. Particularly with a wave of anti-bank sentiment and financial reform on the horizon. I have already started to make the transition from Forex to futures.

[es/pip]

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