There could be ... I was just working with the tools that were made available, and now they want to take them away. Oh, I just configured and backetested my EA last night and yielded about 4,000 percent in three months (i.e., $4,000 on ...

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

Oh well, I see I will probably need to maintain at least five times as much money in my account to trade the way I am currently ... in a U.S. account, if I'm not allowed to maintain an account overseas. This is what I'm complaining about. Yet at the ...

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

Hey, not that I'm trying to take sides ... but thanks.

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

Okay, at that rate 10:1 won't get me very far, not if I'm trying to manage more than one trade at a time. In which case I think 100:1 leverage is just about right, if I want my EA to operate successfully.

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

So, .01 mini lots is a $100 position then? ... and 1:1 in a $100 account? Okay so, in my case I need to figure out the accumulated lot size (for multiple trades) and treat it as the lot size of a single trade.

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

I think my margin requirements are set by the "not enough money" errors I get when the accumulated lot size is too high. So if I receive an error message at a certain point (while backtesting), that must mean I've gone beyond the 100:1 limit, I ...

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

So, what if you don't set stoplosses? How do you determine your margin requirements from that? And yes, I'm trading with a grid type system, where I'm apt to have more than one trade open at once.

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

How Much Am I Leveraging? — If I can find a system that works with a higher leverage I will use it. This is because I don't have much working capital to begin with. Neither does it entail throwing my money into the wind or, make me any less ...

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

No, I am quite serious about folks not taking my right to "trade" -- albeit it may only be nickels and dimes -- away ... unless of course I was already wealthy in the first place. In which case, no, there would be no need to take issue, and you ...

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

If it means shelling out more dough, which I don't have, then absolutely! Or, like I said, it precludes me from trading at all. But, then again, maybe this is preferable to those who already have the money, I guess?

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

Maybe there's some special calculation involved? ... since he is referring to a number. Maybe it's the percentage of the account you are willing to risk on any given trade? Even so, it's still contingent upon using a successful strategy, in which ...

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

No, what's your investment capital, and how much is required to "risk" at 10:1? ... and entertain the possibility of being successful. If you can work the "risk" in with much smaller numbers, why not? Otherwise you are simply precluding a lot of ...

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

Safety of funds? Or, do we all mortgage the house to prove how serious we are about trading? No, the whole thing seems like a serious attempt to take out the "little guy."

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

The only laws Afghanistan has are at the point of a gun. There's no need for a big bureaucracy for that. Neither is anyone in danger of losing their freedom, because they never had it ... or, at least in recent history. Yeah, Singapore is probably a ...

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

What, in terms of government over-regulation? No, I don't think Afghanistan is a very good example of this. Having said that, I wouldn't care much to live in Singapore (if I had a choice) either.

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

Or, perhaps Singapore? I don't think Afghanistan is a very good example. Afghanistan as we know it, is a pretty lawless state.

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

Hey, I just signed up for an overseas account with GoMarkets and Oanda, but nobody said anything about it being illegal? Beats me?

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

So, any news about FXOpen? I was just thinking about opening an account with them but, after reading this thread, I think I'll hold off. It's been about two months since anyone has posted in this thread though.

FXOpen and Basel Financial banned by the Mauritius

I've never had a reason to call them myself, although I don't place many trades with them anymore. I'm looking for a broker that allows hedging where I can open mini account.

Couldn't close trade with IBFX

Do they allow hedging?

Couldn't close trade with IBFX