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PeterE replied Aug 23, 2019view this document ‘Regulatory arbitrage’ refers to persons attempting to benefit from differences in regulation between jurisdictions -- refer page 39 and, why the changes will be implemented this year -- refer page 48, item 166 and why 20:1 is ...
Breaking: Australian Parliament Passes Product Intervention
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PeterE replied Aug 23, 2019I am confident ASIC has made their decision, and it wont be changing. The speed with which they produced this paper so soon after the close of the "consultation" period ended tells me the decision has already been made; and likely made well before ...
Breaking: Australian Parliament Passes Product Intervention
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PeterE replied Aug 23, 2019There is no negotiation with this proposal, 20:1 is the new max fx leverage in Aus. The question now is when does it commence?.....before the year is out is my guess! I've already switched my account to 20:1. May as well get used to it.
Breaking: Australian Parliament Passes Product Intervention
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PeterE replied Aug 23, 2019I've been thinking along the same lines. As a broker's customer base diminishes they are forced to become a bucket shop. Has ASIC considered this unintended consequence? I doubt it! In an attempt to reduce the retailers risk ASIC have merely shifted ...
Breaking: Australian Parliament Passes Product Intervention
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PeterE replied Aug 22, 2019do you know if they intend stopping Australian's from opening accounts overseas,....ie where the leverage rules dont apply??
Breaking: Australian Parliament Passes Product Intervention
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PeterE replied Aug 22, 2019Bruce Springsteen - Streets of Philadelphia video
What kind of music you hear while you trade?
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PeterE replied Aug 22, 2019Johnny Cash - God's Gonna Cut You Down video
What kind of music you hear while you trade?
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PeterE replied Aug 21, 2019"I" Don't Believe Anymore video
What kind of music you hear while you trade?
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PeterE replied Aug 20, 2019Cornflake Girl....This is not really happening, You bet your life it is! video
What kind of music you hear while you trade?
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PeterE replied Aug 15, 2019See if you find Global Prime better. Check the reviews at Forex Peace Army.
This broker is a big bully
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PeterE replied Aug 15, 2019How to regulate brokers and margins without strangling the developing "hub", that is her challenge. Can she do it! Gov actors tend to cock-up most opportunities, but we will see!
Breaking: Australian Parliament Passes Product Intervention
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PeterE replied Aug 12, 2019If he has sent less than 10 screenshots then yes it is definitely a scam. But if he has sent more than 10, then it is legit. I find this simple, yet magical formula has kept me safe. How many screenshots did you receive??
Show me a scam broker
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PeterE replied Aug 6, 2019Thanks for the post Bicarus, you make some good points. Does a decreased margin actually protect the trader, no it merely draws out their pain. A better solution is as you say, educating the trader. As for "counterparty reports", it's a good idea in ...
Breaking: Australian Parliament Passes Product Intervention
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PeterE replied Aug 4, 2019margins are good and cant be changed by ASIC but pair options are very limited, which means it isnt an option for my strategy url
Breaking: Australian Parliament Passes Product Intervention
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PeterE replied Aug 3, 2019That's a possibility. But just as the EU and US closed those doors to their own citizens, Aus may also. So I'm not relying on that pathway. But if it is an option if/when margins change, I think most using Aus based brokers will simply follow their ...
Breaking: Australian Parliament Passes Product Intervention
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PeterE replied Aug 2, 2019Anyone know anything/ heard anything about pending ASIC changes to FX brokers? I still anticipate Aus will fall in line with the EU and US (particularly regarding margins), but I have nothing official nor whispers.
Breaking: Australian Parliament Passes Product Intervention
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PeterE replied Jun 30, 2019You have answered your own question. FX is "soulless" according to you. Now the decision becomes, do I take an extended break or give it up entirely.
What's the Value In Trading?