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Thread: NFA Approves Prohibition of Credit Cards to Fund Retail FX

  1. #21
    Quote Originally Posted by ;
    Guys, Trading is borrowed cash, trading is similar to a drug, its all you dont want to do but you do it. Kinda if everyone at the markets started performing only the right thing there wouldnt be a market! Somebody must take the winners cash if it be from a credit card or bank acct , same thing
    I concur, it's no different when I got a credit card and went searching with that borrow money if I wanted to utilize money for trading thats my organization

  2. #22
    [quote=mitch77;7556821]
    Quote Originally Posted by ;
    quote And most of them are likely members of FF
    It likely suggests that the majority of members here are trading small minis or funding larger accounts and positions with credit cards or borrowed money.

  3. #23
    Quote Originally Posted by ;
    quote Properly a majority of all accounts are unprofitable so that is not relevant. quote So they are banning it because it's popular?
    I think its very important the majority were trading with borrowed cash. Can not afford to lose, snowballs to conclusions and MM.

  4. #24
    Guys,
    Trading is made money, trading is similar to a drug, its everything that you dont want to do however you do it. Kinda like smoking

    So who cares if credit cards are used, if everyone in the markets began doing just the right thing, well there wouldnt be a market!

    Somebody must take the losers money whether it be from a credit card or bank acct the same thing

  5. #25
    Quote Originally Posted by ;
    a majority of those accounts were unprofitable.
    Well that a majority of accounts are unprofitable so that is not relevant.

    Quote Originally Posted by ;
    an overpowering amount of those accounts were funded by small retail clients using a bank card
    in order that they're banning it because it's popular?

  6. #26
    [quote=mitch77;7556821]
    Quote Originally Posted by ;
    quote And most of them are probably members of FF
    http://www.easyfreesmileys.com/smileys/lol-046.gif

  7. #27
    [quote=;7556647]
    Quote Originally Posted by ;
    NFA looked at more than 15,000 retail FX accounts and noticed that an overwhelming quantity of these accounts were funded by small retail clients utilizing a credit card or borrowed funds, and a majority of these accounts were unprofitable. Great case of the majority of retail FX traders, under capitalised and trading with borrowed money.
    And the majority of them are probably members of FF

  8. #28
    [quote=;7556079]NFA appeared at more than 15,000 retail forex accounts also noticed that an overwhelming amount of those accounts were funded by small retail customers utilizing a credit card or borrowed capital, and a majority of those accounts were unprofitable.

    Great instance of the majority of retail forex traders, below capitalised and trading with borrowed money.

  9. #29

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