Yes, but that is b/c they are a bank....but Obama said that under his regulatory framework, banks cannot do propietary trading. So their retail FX operation could not continue if that goes thru if they are a bank.

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

Yes, back to the topic....Citi says they are exempt b/c they are a bank...but what Jason posted from the CFTC website says " and to certain leveraged or margined contracts in foreign currency that are offered to or entered into with retail ...

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

Well if you read page 7 of the application, the nice folks at Citi state that they are a counterparty in all transactions, so if Obama has his way they will not be able to do proprietory trading if they are a bank. url PS. They take your money in ...

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

Finally, the CFCT started posting comments again.. url

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

So true, I have him on ignore because of that, but when people quote the emperor with no clothes, I see he is back with self-aggrandizing off-topic posts about his illusory futures trading prowess. image image image

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

That's right, and that is just to place the trade, if it goes 1 pip against you you are stopped....how about margin for the SL...LOL, it is already estimated by FXDC that 90% would jump offshore...we will see what happens.

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

Even more, depending on the pair, it would only be that little on the Yen. On EURUSD one minilot will require $1,3861 in equity at 10 to 1.

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

That is my concern too, that if they close the loophole and get unquestionable power over all retail, then US retail FX might go the way of CFD's. That is why I think CFCT's scope of power needs to be challenged in court now(legislating their scope ...

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

I think the dow sold off even with strong GDP because of warnings from tech stocks, also Microsoft said that they had not seen pick up in business server software, also some people question whether the GDP can be sustained b/c 60% of the GDP was to ...

USD/JPY Discussion

The downtrend might not be over as no one can predict prices with such accuracy, but he is correct about the daily closing prices, as a matter of fact, friday's close of 90.25 was the highest daily close of the last 6 trading days. In addition ...

USD/JPY Discussion

I agree, fundamentals are what drives the market, and the charts are just a reflection of the fundamentals, so if you don't like to read too much, you can use the charts for short term trading,...once the fundamentals change, the chart begans to ...

EURUSD

Nahh, they all speak English, if you can deal with the accent LOL url

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

Excellent thinking...and don't forget a Kayak for the Pacuare River...Pura Vida!!! image

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

I say if the U.S. wants to mess your business...you should do the same to them..Open an account with Dukascopy...Swiss courts told the IRS to go phuck in recent case vs. a client of UBS url PS. Now if these US broker's united and sought ...

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

They have not posted any new comments. url

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

Bernanke just confirmed

USD/JPY Discussion

you may be right, cause fundamentally traders might not believe what the feds said...they did not mention any of the problems...this was done to help Bernie get confirmed,,that is why the move was measly and has not had follow thru...I would not ...

USD/JPY Discussion

Yes, now we need confirmation of Berni to complete the double whammy. Vote is set for tomorrow (THU), and some senators had said if they did not have the numbers to confirm, they would not set it. Hmmm..I am liking this. url

USD/JPY Discussion

Thank you soooooooooooooo very much Jason.

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

Well they say can, but that can be argued in court and it has been argued before. url Go to 1-14-2010 posting, CFTC Breaks Silence on Forex "is getting closer to requiring registration by all" getting closer does not mean that is there yet... ...

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