DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post

**strongjannabiz** · 03-10-2012, 09:19 AM

US brokers used to be able to offer leverage to foreign currency traders up to 200:1. Now the fuckstick butthole government organization, the CFTC, has passed a rule that the max amount of leverage that can be offered is 50:1 for major currency pairs and 20:1 for the minors. That's fucking goddamn BULLSHIT! Their reasoning is that using leverage is highly risky. Well, duh, any trader with the most elementary knowledge knows that. The thing is, the government shouldn't be in the beezwax of preventing people from taking risks. Drinking alcohol, smoking, doing extreme sports is all risky behavior, but it's not the government's place to order you not to do it or how to do it as long as you don't infringe on others' rights.

Same thing with trading! There are strategies known as "risk management" or "money management" to help a person minimize the risk involved in using leverage. And you should never trade with money you can't afford to lose. Don't trade with your mortgage payment or something equally dumbass. You go in there knowing you might lose your bucks. If you use leverage, you might get your ass really kicked, but that's just part of the game.

Fuck the government for meddling in trading. So far I've never used 200:1 leverage, but I should have that in my tool box as an option. I have used 100:1 -- SUCCESSFULLY! I made a nice pile of mulah that paid for my Caribbean cruise. 50:1 wouldn't have been enough.

All this regulation is going to do is fuck US brokers in the ass. American traders are switching to foreign brokers who aren't governed by the CFTC. I'm getting reading to change to a Swiss company even though I really like my American broker. It's all thanks to those f-f-f-f-f-f-f-f-f-f, I say, f-f-f-f-f-f-f-f-f-f-feeeyags at the CFTC. Those dildoes can suck my goddamn cock.

Those b-b-b-b-b-b-b-b-b-b-buttholes just plain suck sheeyat. Gary Gensler, the head of the CFTC, is a motherfuckhole piece of sheeyat!! This was all his fwuckin' idea. He's a dickweed who humps mules up the arse and sucks hound dawg cocks till they spew in his face.

No it doesnt fuck brokers...it may cost us a little bit of trading volume for a client to have less leverage but if some dumb fuck trades over his head and goes debit the firm and the broker gets stuck with the debit if the sob doesnt pay up...i got stuck with a 40K tab once from a mfer, never again. It took me two years and court to get my money from that sob. I am not obligated to accept a client or keep a client regardless of how much money they have in their account. I can tell them to fuck off for no reason and fire the client at a whim and have done so. I can and have raised their commish just becuase I may not like them or because they are a pain in my ass. Some clients jeoperdize my business and the business of other clients simply by their presence. I've been in the game too long to take any shit from some loudmouth and I dont. My good clients respect me for it. the rest of them can take it elsewhere.

03-10-2012, 09:19 AM	#6
strongjannabiz Join Date Oct 2005 Posts 465 Senior Member	US brokers used to be able to offer leverage to foreign currency traders up to 200:1. Now the fuckstick butthole government organization, the CFTC, has passed a rule that the max amount of leverage that can be offered is 50:1 for major currency pairs and 20:1 for the minors. That's fucking goddamn BULLSHIT! Their reasoning is that using leverage is highly risky. Well, duh, any trader with the most elementary knowledge knows that. The thing is, the government shouldn't be in the beezwax of preventing people from taking risks. Drinking alcohol, smoking, doing extreme sports is all risky behavior, but it's not the government's place to order you not to do it or how to do it as long as you don't infringe on others' rights. Same thing with trading! There are strategies known as "risk management" or "money management" to help a person minimize the risk involved in using leverage. And you should never trade with money you can't afford to lose. Don't trade with your mortgage payment or something equally dumbass. You go in there knowing you might lose your bucks. If you use leverage, you might get your ass really kicked, but that's just part of the game. Fuck the government for meddling in trading. So far I've never used 200:1 leverage, but I should have that in my tool box as an option. I have used 100:1 -- SUCCESSFULLY! I made a nice pile of mulah that paid for my Caribbean cruise. 50:1 wouldn't have been enough. All this regulation is going to do is fuck US brokers in the ass. American traders are switching to foreign brokers who aren't governed by the CFTC. I'm getting reading to change to a Swiss company even though I really like my American broker. It's all thanks to those f-f-f-f-f-f-f-f-f-f, I say, f-f-f-f-f-f-f-f-f-f-feeeyags at the CFTC. Those dildoes can suck my goddamn cock. Those b-b-b-b-b-b-b-b-b-b-buttholes just plain suck sheeyat. Gary Gensler, the head of the CFTC, is a motherfuckhole piece of sheeyat!! This was all his fwuckin' idea. He's a dickweed who humps mules up the arse and sucks hound dawg cocks till they spew in his face. No it doesnt fuck brokers...it may cost us a little bit of trading volume for a client to have less leverage but if some dumb fuck trades over his head and goes debit the firm and the broker gets stuck with the debit if the sob doesnt pay up...i got stuck with a 40K tab once from a mfer, never again. It took me two years and court to get my money from that sob. I am not obligated to accept a client or keep a client regardless of how much money they have in their account. I can tell them to fuck off for no reason and fire the client at a whim and have done so. I can and have raised their commish just becuase I may not like them or because they are a pain in my ass. Some clients jeoperdize my business and the business of other clients simply by their presence. I've been in the game too long to take any shit from some loudmouth and I dont. My good clients respect me for it. the rest of them can take it elsewhere.
	Quote