MAX GM 🫡🌦️
Weather outside is shit, but BTC cheered me up with a solid take💰
Closed the position in profit for the first time in ages.
Dropped into my old buddy’s Twitch FXstream this morning.🐇
@Scope360Journal cards are top tier too.
Have a good and productive week!😀
@CurranSotomayor CFD trading is not banned in the US. However, it is heavily regulated, and there are restrictions on CFD trading for retail investors. 1. pattern day trading Rules: Pattern day traders must maintain a minimum account balance of $25,000.
@CurranSotomayor Compliance Requirements: CFD brokers operating in the US must comply with strict regulatory requirements imposed by agencies like the Commodity Futures Trading Commission (CFTC) and the National Futures Association (NFA).
@CurranSotomayor Investor Protection: The regulations also include measures to ensure that CFD brokers provide adequate disclosure of risks to investors and maintain segregated client funds to protect investors in case the broker goes bankrupt.
@CurranSotomayor Leverage Limits: The US regulations impose leverage limits on CFD trading. For example, the maximum leverage allowed for major currency pairs is typically 50:1, and for non-major currency pairs, it's usually 20:1
My philosophy when trading is simple.
When I’m taking a position, I ask myself: “How surprised will I be if this stops me out?”
If the answer is anything less than “very fucking surprised”, I don’t take the trade.