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Thread: OBAMA KILLS US FOREX

  1. #1

    Default OBAMA KILLS US FOREX

    Well..it has finally happened ... The worlds most powerful IDIOT "OBAMA" (and his fellow DEMONUTS) have made trading Forex after October 18 2010 if you are an American ....impossible. This ASS HOLE MUST BE STOPPED!!

  2. #2
    Senior Member
    Join Date
    Dec 2008
    Posts
    501

    Default

    WHERE DID YOU GET NEWS FROM
    HOW REAL ?

  3. #3

    Default

    Care to elaborate that? Is this what you are talking about?
    CFTC Forex Rules In Effect October 18, 2010 | Turnkey Trading Partners
    I wonder if this is true!?! Will number 1 apply to normal traders?
    In sum, the major points of the Final Rules are as follows:
    1) Anyone soliciting retail forex accounts will be required to register with the CFTC and become NFA members, with very few exceptions. As a result, many more people will need to pass the Series 34 and Series 3 exams;
    2) Introducing forex firms will not be required to establish a guarantee agreement with an FCM or RFED;
    3) Leverage will have maximum boundaries of 50:1 on major currency pairs and 20:1 on exotic currency pairs. These parameters will, however, be monitored by the CFTC, as well as NFA, and from time to time may be lower than these prescribed levels.

  4. #4

    Default

    Yes, after October 18 2010....
    No more offshore/overseas accounts allowed for US traders... and unrealistically low... untradeable low leverage on US Brokers. Forex is DOA in USA.
    More of the CHANGE Obama promised...
    Last edited by BillR; 09-24-2010 at 21:01.

  5. #5

    Default

    Crap, so it's not possible to open an account for us with FXDD ?
    I saw the leverage will be 50:1, but I don't understand this point....
    Anyone soliciting retail forex accounts will be required to register with the CFTC and become NFA members, with very few exceptions. As a result, many more people will need to pass the Series 34 and Series 3 exams;
    Do you have an explanation for it? Do we have to take an exam?
    Thanks

  6. #6

    Default

    Quote Originally Posted by BillR View Post
    Well..it has finally happened ... The worlds most powerful IDIOT "OBAMA" (and his fellow DEMONUTS) have made trading Forex after October 18 2010 if you are an American ....impossible. This ASS HOLE MUST BE STOPPED!!
    What does Obama have to do with it? He probably doesn't even know what forex trading is!
    It's your stupid repunuts running CFTC. It is the popular belief that a weak currency is good for the country yet I can't remember a single time that this country did well with a weak dollar.

  7. #7

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    Idude...You are a TYPICAL Democrat... a totally UN informed Democratic IDIOT....Blindly following a blind stupid president. Last I checked Democrats are in complete control of the Executive (PRESIDENT) and Legislative (House and Senate) Branches of the US Government....IT WAS OBAMA and his DEMONUTS that WROTE, PASSED, and SIGNED the DODD FRANK BILL... The LAW that effectively ENDED Forex for US residents and citizens... both in the US and outside. Go back in your hole... The ONE and ONLY reason Obama is President is because he is BLACK... We now know that he doesn't have a clue how to run the country.
    I will agree with your statement "He (OBAMA) probably doesn't even know what forex trading is!....".
    He "Obama" doesn't have an F'ing clue about much...I'm sure he likes the airplane rides in the big 747.... and pretty blue helicopters though whoopeeee
    Last edited by BillR; 09-25-2010 at 15:27.

  8. #8

    Default

    People with money will not suffer, thus retail forex in USA will stay the same, since big traders trading big lots do not benefit from leverage as much as small fish trying to lose their money. 50:1 leverage is reasonable to an extend. Ofcourse we can forget retail forex as we know it and im am for one not happy about it...

  9. #9

    Default

    Actually I'm a social democrat here in Portugal and I couldn't give a frog's a.. about your president, but I do feel that he is a lot better than that criminal you had before the last one certainly knew how to run your country into the ground. I guess he enjoys the same benefits that every other President of your country enjoys. I don't know much about that bill so I'm not going to comment but I'm sure that there were other forces behind this new law. I think your raging anger has some deeper roots than just that bill. You can still trade at 50:1 you just need twice the money you needed before that's all, being a forex trader it shouldn't effect you that much, smart ones like you are always winning.

  10. #10

    Default

    idude... 50 to 1 can only blow your account ... It must really be easy for you to be an expert on us here in the USA from Portugal..are you a student of USA politics? I don't give a frogs ass about you or Portugal either...go back in your hole. Shit seems to roll downhill, so don't be too alarmed when the shit hits your brokers... and your accounts.

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