Right. Risk management is everything in this market. You learn that early and repeatedly until you get it. If you don't get it, you move on and do something else. If you do get it, you get it right more and more and that's how accounts become ...

New study shows only 1% of traders are consistently successful

Yes, exactly. Just a real basic obligation on the broker's side to ensure that if people are going to trade this instrument, that they at least have the most important basics under their belts. I made those recommendations in my comment paper to the ...

New study shows only 1% of traders are consistently successful

which is why brokers should be obliged to educate before traders go live and the content of those courses should be written by experienced retail traders with no other agendas to run... to make sure newbies get the core information they need most... ...

New study shows only 1% of traders are consistently successful

The winner of the race is not always the one who runs fastest, but the one who endures longest. Which is why, especially in this market, that new traders should never put more than $500-$1,000 in their first account and use low leverage for the ...

New study shows only 1% of traders are consistently successful

Mythology — It may help to get a grip of the facts in the story posted. 1. The story was referring to daytraders of stocks. Not forex. Two different things. 2. The theorum that 95% of new forex traders fail is loose terminology. What it should ...

New study shows only 1% of traders are consistently successful

here's the Dismiss Gary Gensler petition link url just make sure you check the "keep email address private" box

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

If the truth were known on this point, it likely has everything to do with Congress' legitimate desire to ensure adequate regulation to avoid any potential negative consequences for draining the public purse ex the Credit Default Swaps debacle. ...

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

How's this for a petition pre-amble (remembering that such a petition will need to go to Congress via the Ag Committee Chair) We, the undersigned, respectfully request the immediate termination of CFTC chairman, Gary Gensler. As head of the CFTC, ...

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

It was indeed an excellent response. A very diplomatic shot over the bow to warn of the legal ramifications for the CFTC if they proceed on 10:1, the grounds for bringing suit being well articulated. Let's hope common sense rules the day. I ...

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

From Zaner Group "about us" page.. "Regulatory oversight and firm participation. Zaner has been a member of the National Futures Association (NFA) since 1982 and under the auspices of the Commodity Futures Trading Commission. Several of our senior ...

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

"Mike Keene" may be a little too keen for his own good. It has to be asked, did the dealers hire him to spam everyone on the CFTC's comment register? Whose brainchild was this? Does the CFTC approve of themselves being used for unethical marketing ...

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

This is disturbing news. Whoever this guy is, he and whoever he works for needs to be shut down asap. All the dealers may be affected, not just fxsol, gain, and currenex. It certainly has all the hallmarks of a spammer. Notice the way the email ...

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

Someone has been lifting email addresses from the CFTC's comment file register with fraudulent intent it seems. I have just received two, one allegedly from fxsol.com UK and another from gain forex.com UK. This below is what appears in the subject ...

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

Maybe Gary has been snuggling up with Greenspan, while suckling on more flawed Greenspeak economics - url If these guys start from the premise that increasing capitalization provisions is the cure-all against a need for regulatory fine tuning, ...

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

Whatever the CFTC eventually chooses to do with this proposal, the final outcome will not be decided by the CFTC. Congress will decide what legislative/regulatory change is ultimately approved. Gensler is already in hot water with the Ag Committee ...

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

Interesting that it's gone, pity there isn't an index for all the comments, if it has been moved at least we could find it again. Here's GFT's comment paper, starts on page 15 of this PDF file, logged in on March 10. url

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

Which is why Gensler's head needs to be served up on a plate. He is not a fit person, nor competent enough to be Chairman of the CFTC. There are 4 other Commissioners who could easily slot into the job, and do it with much greater skill and ...

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

Gensler is rapidly becoming the man that main street loves to hate. The seriously offensive sleight of hand in the CFTC proposal is the alleged need for detection of fraud among Mom n Pop investors. What a joke. Mom n Pop investor didn't give us the ...

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

It's coming. They're not very prompt alas... several months behind the event in fact. url "The 2008 Farm Bill reauthorized the Commodity Futures Trading Commission (CFTC), the agency responsible for federal regulation of commodity futures trading, ...

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

This is very encouraging news. It's just so very sweet of Gary to be embracing such altruism only in the very best interests of protecting all the little people while he and all his institution mates escape accountability altogether. And here we ...

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