He was a bloody good King. You didn't realise how lucky you were!

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

It will protect vulnerable traders. Those who need the most protection are always the ones who don't even realise they need such safe-guarding. There is legislation in place to protect consumers as they enter into other types of financial ...

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

Thank you, kind lady, for clarifying that point.

Cable Update (GBPUSD)

Hello J, Summer is over in London, unfortunately. All is good with me, though. I hope it's the same for you and your family. I am greatly looking forward to the start of September, a time when I'll once again increase my risk exposure. Good to see ...

Cable Update (GBPUSD)

Ker-ching!! You da man! Keep posting stuff like this, as it acts to inspire others and adds greatly to the depth of quality on this already rich thread. Once again, well done. The warmest of congratulations to you.

Cable Update (GBPUSD)

I think the writer of that piece approached the subject matter with a bearish bias firmly in place and selected the "facts" (I use that term very loosely) merely to confirm their view, rather than to challenge their thought process. It is a poorly ...

Cable Update (GBPUSD)

You're way off track with your flawed perceptions of how the markets work. Stop believing the conspiracy stuff promulgated on this and other forums. I've worked on a trading floor of a major global bank for many years and trying to get the egos of ...

EURUSD

There are probably more women than we realise frequenting these forums. It's just that men tend to shout the loudest and make the most noise, which often sadly leads to many of the women not coming back. A warm welcome to you.

Cable Update (GBPUSD)

Agreed.... If people must post pip totals, then it would be of at least some use to post the position(s) and its risk parameters before the event, together with the rationale for taking the trade(s). This may open up a decent discussion on the board ...

Cable Update (GBPUSD)

And operate your micro account through a broker based in Iran. Take that Obama! You'll never beat the retail forex guy!

Cable Update (GBPUSD)

But North Korea and Iran haven't!

Cable Update (GBPUSD)

So you foresee a wave of offshore brokers opening up shop in Liechtenstein to cater for US micro account holders? Micro accounts are a business that no one really cares for. No offence to you and your account.

Cable Update (GBPUSD)

So you think that, for example, DB, would purposely circumvent any of the rules on leverage that can be offered to US retail guys, just to capture a share of the retail micro-account market? Good luck with your fight against this!

Cable Update (GBPUSD)

Agreed.

Cable Update (GBPUSD)

But all of the bigger brokers would definitely follow any such regulation, as they would not want to risk the wrath of the US, similar to how rule 144a is respected by non-US financial institutions.

Cable Update (GBPUSD)

One of the main reasons for retail traders continually blowing their accounts - up there with stupidity and greed - is excessive use of leverage and these traders not appreciating the downside risks of such an inherently risky approach. Any proposal ...

Cable Update (GBPUSD)

Restricting leverage to 1:10 is actually doing a huge favour to retail traders in the US. It definitely won't prevent one single trader from getting rich from forex, but it will, at the very least, slow down the rate of losses on most accounts.

Cable Update (GBPUSD)

Pleasure I have a fascination with the macro side of the markets and your post captured my interest and motivated me to research the actual breakdown of GDP and how each sector's contribution has changed over the years. I've been a reader ...

GU, GJ and EU Analysis Thread

Condor, You may find this of interest. It is the official breakdown of UK GDP from 2008, sector by sector:- Agriculture: 0.600%, Mining: 2.000%, Manufacturing: 12.400%, Utilities: 1.410%, Construction: 6.190%, Dist Hotels and Cater: 14.500%, ...

GU, GJ and EU Analysis Thread