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Re: BrassDrummer post# 6159

Tuesday, 01/27/2015 2:59:02 PM

Tuesday, January 27, 2015 2:59:02 PM

Post# of 18419
Wow, really?


Nobody can predict a stocks price, so that's not really misleading.



Better let the professional stock pickers know this. And their employers.

In 2010, the Commodity Futures Trading Commission sought to force individual investors trading currencies to give their broker 10 cents in capital to back every $1 in positions. The regulator failed to accomplish that amid pressure from New York -based FXCM and other brokers, meaning only 2 cents must be pledged.
The agency’s proposal would “have a devastating impact on the retail forex industry,” Drew Niv, FXCM’s chief executive officer, wrote in a March 2010 letter to the CFTC that was signed by eight other executives at currency dealers.


http://mobile.businessweek.com/news/2015-01-16/fxcm-lobbied-against-leverage-limit-before-franc-trades-went-bad

Lower leverage is good for this business, because it means less risk.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y