Did he happen to say which timezone it appeared in?

James16 is not credible

Well it's been speculated they could be coerced into not accepting US clients if they don't adhere to the NFA's rules. After all, the offshore CFD brokers don't accept US clients..

Could 10:1 be the new leverage in US Forex?

I trust you have a source Win, but no need to share it if the news isn't public yet. I'm also interested to see what happens to the solely-foreign brokers and US clients (LCG, Duka, etc)

Could 10:1 be the new leverage in US Forex?

It doesn't seem like this is a reply to anything I said in the previous post (which was really just an intriguing discussion of assumptions & logical fallacies). Given the number of times you mention the word "scam", it appears you are really ...

James16 is not credible

(my emphasis added) Rather interesting logical leap. You state repeatedly that pinbars have no statistical advantage (thus, they're random). You then argue that they can be profitable, as a random arbitrary entry point with a managed exit. By ...

James16 is not credible

I guess it's splitting hairs on the 30 vs 25, but the other point of the question is what was he doing for the majority of that time? Why does he keep using it as a point of reference if it's not backed up? The admission that he became profitable 5 ...

James16 is not credible

Mr Smith, If you were directing that post at me, I believe you missed the points I attempted to carefully articulate. There is no ill intent or animosity, I congratulated James multiple times on the success of his mentoring business (and alluded to ...

James16 is not credible

Rather interesting logic.. do you by chance work in politics? The new CFTC ruling requires that US forex brokers publish profitability statistics of their clients. Why shouldn't mentors/systems sellers be held to the same standard? (not that it ...

James16 is not credible

*sigh* I really have reservations partaking in this thread. This post is going to appear as fanning the flames, but it's not done with any ill motive behind it. It's purely my reaction to James' posts, which raise more red flags than I care to ...

James16 is not credible

I assume they're essentially a white-label for Citi (or whomever their main LP is now), acting in the same manner as ATC is for FXCM. They didn't need to register before, but they have to now. If they applied to the NFA, their application would show ...

CFTC NEW Document - Overseas Accounts OK?

I highly doubt it. STP does not avoid the issue of the counter-party, unless you're trading directly with the banks themselves, your STP broker is still acting as your counter-party (all of the ECNs operate this way). Applying thru whom? The NFA? No ...

CFTC NEW Document - Overseas Accounts OK?

FXCM has no relation to Hotspot from an execution standpoint. FXCM bought Hotspot's retail client base (Hotspot FXr retail clients became FXCM Active Trader clients), that is all. Was your friend using the Active Trader platform or FXCM's standard ...

Dukascopy

Quoting The Captain (full quote since FF cuts off quotes now, this deserves to be repeated in its entirety) "After reading much of Jacko's stuff, in my early trading days, it was easy to immediately dismiss the anti-hedging strategy as a bunch of ...

Jacko's Forex House of Pleasure and Pain

No, FXCM is not a SEC/FINRA broker. I'm betting MBT is regretting not combining their FX entity with their equities/futures division, otherwise they'd be in the excluded SEC/FINRA group too.

CFTC Final Retail Forex Rules - 50:1 Leverage

Interesting, I read the entire 167 page PDF and nowhere in it did I see anything regarding overseas brokers or this end of the year issue.

Could 10:1 be the new leverage in US Forex?

The vast majority of retail trading never leaves the kiddie pool of the broker's internal book.

Could 10:1 be the new leverage in US Forex?

::crickets chirping::

Jacko's Forex House of Pleasure and Pain

Interesting, good points. Call me paranoid, but I've considered opening up a couple UK accounts as placeholders should the CFTC slam the door shut (under the assumption that pre-existing UK accounts would be grandfathered-in, but even that may be a ...

US citizens won't be able to have forex accounts overseas

Unregistered in the US is fine so long as they're registered elsewhere (FSA, FINMA, etc). I agree that sending money to a completely unregistered off-shore broker is insane, but there are fools born every minute, and dozens upon dozens of such ...

US citizens won't be able to have forex accounts overseas

Somewhere? Why don't you directly quote it, because I'm calling your bluff on this. The US gov't cannot restrict its citizens from wiring money to a foreign institution with the intent to do business, there would be an uproar if they even tried. ...

US citizens won't be able to have forex accounts overseas