ASIC's proposal to reduce leverage to 20:1 for fx retailers will likely be strengthened by recent leverage changes in Singapore FX Leverage Cut to 20:1 in Singapore

ASIC deals massive blow to Australian CFD industry

Yes, I think she has "superstar" potential.

What kind of music you hear while you trade?

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What kind of music you hear while you trade?

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What kind of music you hear while you trade?

wasting time is naively thinking you can change ASIC's mind with facts .....ASIC is an IOSCO member, they are going to do what their membership requires of them, as have the other members so, given 20:1 is now a reality, your best bet is to ...

ASIC deals massive blow to Australian CFD industry

url

Explain this drop in eurusd at the absense of any news

url huh? is the stop out at 100% (20:1) or 50% (40:1)

ASIC deals massive blow to Australian CFD industry

what notice?

ASIC deals massive blow to Australian CFD industry

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What kind of music you hear while you trade?

Yes, as I stated "skilled" is subjective.

ASIC deals massive blow to Australian CFD industry

The means of measuring who gets access to a higher leverage and who doesnt is merely an attempt to get ASIC thinking about the possibility. It isnt intended to be a complete definition.

ASIC deals massive blow to Australian CFD industry

They arent going to do it. As far as ASIC is concerned the retailer needs protecting, 20:1 is here to stay. The best angle is to convince them that you dont require their protection, because you can trade, and so deserve a higher leverage. Of course ...

ASIC deals massive blow to Australian CFD industry

Whilst I am 99% confident ASIC will hold to its 20:1 leverage, I decided to send them my comment on the matter. Given ASIC are determined to reduce leverage so as to "protect" the vulnerable, I believe the proposal I present is a win:win. If you ...

ASIC deals massive blow to Australian CFD industry

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What kind of music you hear while you trade?

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What kind of music you hear while you trade?

I'm not taking anything lying down. The margin changes make little difference to me. I am merely pointing out why it is very likely 20:1 is here to stay. Regarding your letter, it may make you feel better to send it, but I suspect it will have ...

Breaking: Australian Parliament Passes Product Intervention

Yes, you can go to country X and get your desired leverage. That has never been in question. But, 1] ASIC will likely deter it's citizens from doing that by issuing them fines. 2] ASIC will also encourage brokers not to provide its citizens with ...

Breaking: Australian Parliament Passes Product Intervention

Just keep it quiet and no one will ever know ya reckon. those ASIC fines $$$$$$$.....they are for everyone else not me!!

Breaking: Australian Parliament Passes Product Intervention

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What kind of music you hear while you trade?