Thread: OBAMA KILLS US FOREX

Originally Posted by BillR

Yes Dude... YOU SHOULD read...and understand....If they register they must obey same FIFO, No Hedge ...shit leverage as US brokers! The US is now regulating the rest of the world Forex brokers...glad you're happy at that thought. You're an F'ing idiot.

Bill, partly correct, but the heart of forex is located in england/london, us rules are not active in (eastern) europe, asia and offshore - would never be active, because all big us banks have offices in london city too - this a political silly us symptom...to control everything (world police, oil, ...) i couldnt believe that "deutsche bank", "barcleys", "royal bank of scotland" and other big players would accept the us rules one day, because the would loose to many investors and money - hint: alpari uk now accepts us customers!

Originally Posted by BillR

Hi IX,
I think you will see Alpari UK will transfer UK accounts to US as of Oct 18. Other brokers that opened/have offshore affiliates have already given this notice... (FXCM, IBFX etc.)
Bill

Hi Bill,

why should Alpari UK transfer UK accounts to Alpari US? i couldnt see any reason

i tend, Alpari US will move US accounts to Alpari UK!

IX

Idude... IX and I have been friends for some time...I respect his insights......yours I do not.
Idude says...
.......Further, there is nothing in the final rules which makes it illegal for U.S. retail forex traders to seek additional leverage from abroad. Given the lack of an express prohibition, so long as U.S. retail forex traders abide by U.S. tax laws, it seems unlikely that the CFTC would make any attempt to pursue these individuals. However, because many of the larger forex intermediaries have U.S. operations and many of the established intermediaries will want to avoid conflict with the CFTC, retail clients should probably be wary of those counterparties willing to offer them additional leverage.......

Reality IS....DIRECTLY FROM THE CFTC THIS IS A QUOTE !!!

Second, although foreign banks are currently able to offer to serve as counterparties, the recently pass Wall Street Reform and Consumer Protection Act has once more amended Section 2(c)(2)(B) eliminating the provision permitting foreign banks to serve as counterparties. This change will be effective in July of 2011.

It would be fiscal insanity to use an offshore bucket shop.... I doubt there would be any profit to tax...

guys, please activate your open minds! each human can have its own opinion, as long there is no violence!

idude, yes i know Bill many months, i respect his opinion, i respect others sight too, regardless of color, iq, eq, political direction, or something else (no violence accepted). as a forex, futures and options trader since 15 years + 20 years self employment, i know what economy is and yes i can realize when something is going wrong.

so if we went back to the thread subject, i say, obama is good man but he is not an economist, therefor he is not the right man for this time now - the markets tells you, as i noted earlier. he's activity is political oriented (for 2nd election) but usa needs an economist as leader.

i think its useless to debate if cftc or obama kills forex (the market) - there is only one way to show obama, fed, cftc etc. how wrong they are - investors, retailers, wholesalers should withdraw their us money in full, if this happens usa is a dark world...back to the mesolithic...
so i suggest:
- us retailers go to europe (billions swap to europe)
- us wholesalers buy in asia (the us domestic market decrease more and more)
- us investors go to europe, asia or offshore (us cant establish new jobs, home sales, banks are under pressure)
regardles if financial, construction or something else

tradingsystemforex is a forex forum to beat the big boys, so we should put all our power in this direction - make money/pips for free living - how, why, where each human will or should be!

Open Minds!

my 2c

IX