PipsManiac
Mamat dah tak betul. , Suddenly jadi sewel
- Messages
- 278
- Joined
- Jul 24, 2007
- Messages
- 278
- Reaction score
- 2
- Points
- 15
little bit on NFA
Most rules in the NFA are set around how broker manages its customer funds account, and make sure there is no money laundering happening. NFA has rules, but those rules have nothing to do with what's legal or illegal. If your condo association has a rule not to dry your clothes on the balcony, but you still do it, you are breaking their rules, but you are not doing anything illegal. What they can do against you is keep warning you not to do it, and eventually try to force you to leave the association by selling your property. According to what I know, despite of the mostly non-important rules, set by the NFA, brokers break those rules all the time, and the NFA has to decide whether to kick them out of the association or not. No matter how much they may want this, but they can't shut someone down for just breaking their rules. Their rules have very little to do with the law.
..........
So what benefits does this large minimum funds requirement do to the traders? Well...I think there is no benefits, but only harm. A lot of the smaller bucket shop brokers that will be kicked out of the NFA will probalby be able to operate more loosely, because they wouldn't be audited by the NFA. Some honest brokers that actually pass their orders into the real market will probably leave the NFA, and confused traders will change their accounts to the big bucket shops that are the biggest manipulators in forex. And because NFA will consist of only few bucketshop members, a lot of new traders will choose them over all the other brokers, and will simply be victims of the same dishonest manipulations that every bucketshop customer has experienced.
panjang sgt malas nak paste semua..
from Felix Homogratus (SFS)
:-? :-? :-? :-?
