Jump to content

Now that we're all being treated like children who can't be trusted to make our own decisions. . . . .


Recommended Posts

. . . . . .does anyone know if there's any way get around the imminent ban on trading crypto assets?

I've been quite succesfully using the Crypto 10 index as I was reluctant to pile everything into a single cryptocurrency that may or may not see widespread adoption. Does anyone know if there's anyway for a UK resident now to trade these assets other than buying them directly? (I'm not eligible for "professional" status).

 


 

Oh and if anyone from the FCA ever reads this - reign in your egos and stop treating adults like children. All you ever do is make my life more difficult.

Link to comment
3 hours ago, DavidUK84 said:

. . . . . .does anyone know if there's any way get around the imminent ban on trading crypto assets?

I've been quite succesfully using the Crypto 10 index as I was reluctant to pile everything into a single cryptocurrency that may or may not see widespread adoption. Does anyone know if there's anyway for a UK resident now to trade these assets other than buying them directly? (I'm not eligible for "professional" status).

 


 

Oh and if anyone from the FCA ever reads this - reign in your egos and stop treating adults like children. All you ever do is make my life more difficult.

The Crypto 10 index shows a spread range between 30 to 40 points plus a margin factor of 50%!!

Are you not better trading another index? 

I hardly see the point of trading that crypto index when there are much cheaper options available. 

What makes that crypto index that interesting?

  • Like 1
Link to comment
2 hours ago, jlz said:

Are you not better trading another index? 

Possibly. I can't see the future. But I've had good results with that index recently, and I think it's a technology with no where to go but up over the long term.

 

I agree the margin being asked is eye-watering, but I'll take that over not being allowed to trade it at all.

Link to comment

I don't really understand the all out ban. Why not just regulate more. For example force people to start on demo. They have to prove profitability over a set period of time on that. If they do that they can open a live account but can only deposit a small amount e.g £5k if they make money over a period of time lift restrictions and let them do what they want. If they go to zero take them back to demo or stop them completely on that particular platform. A ban just seems like a lazy option as it costs to build a structure like this and manage it.

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,198
    • Total Posts
      90,735
    • Total Members
      41,307
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Davy200
    Joined 31/01/23 06:59
  • Posts

    • Elliott Wave Analysis TradingLounge Daily Chart, 31 January 23, Bitcoin / U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave I of Motive Wave Cancel invalid level: 18475 Bitcoin / U.S.dollar(BTCUSD) Trading Strategy: Bitcoin in the daily chart is likely to correct after passing the 2.618 wave target ((1)) with a chance to retest the MA200 line and the same level as the wave retracement ((4)) if sustained. It is a good signal to start another upward trend in waves ((5)). Bitcoin / U.S.dollar(BTCUSD) Technical Indicators: The price is above the MA200, indicating an Uptrend. The wave oscillators above Zero-Line Bullish momentum. TradingLounge Analyst: Kittiampon Somboonsod Source : Tradinglounge.com get trial here!       Elliott Wave Analysis TradingLounge 4H Chart, 31 January 23, Bitcoin / U.S.dollar(BTCUSD) BTCUSD Elliott Wave Technical Analysis Function: Follow trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: wave I of Motive Wave Cancel invalid level: 18475 Bitcoin / U.S.dollar(BTCUSD) Trading Strategy: Bitcoin in the daily chart is likely to correct after passing the 2.618 wave target ((1)) with a chance to retest the MA200 line and the same level as the wave retracement ((4)) if sustained. It is a good signal to start another upward trend in waves ((5)). Bitcoin / U.S.dollar(BTCUSD) Technical Indicators: The price is above the MA200, indicating an uptrend. The wave oscillators have Bearish divergence watch out Revers.  
    • Content ASX200, CBA, IRON ORE, BHP, RIO, FMG,GOLD, NCM, GDX, PLS, LTR, DXY, AUDUSD, GOV-BONDS Summary Banks and Resources are toppy.. Elliott Wave ASX 200 v) of 1 Strategy No Strategy for the ASX200 Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
    • Stay informed on the latest market trends with our expert analysis of the US stock indices: SP500, NASDAQ, Dow Jones, and Russell 2000. Our analysis suggests the current decline in the market is corrective and could turn into a full five-wave impulse move, leading to a deeper drop. Keep a close eye on the USD DXY as the Federal Reserve's meeting on Wednesday may impact the market. If 102 serves as a support for the dollar, it could result in further gains for the dollar and losses for global indices, forex, and commodities. For the best trading results, we recommend waiting for the outcome of the Fed meeting before determining the next short-term trend Content: SP500 - NASDAQ 100 - RUSSELL 2000 - DOW JONES Summary  Corrective pattern lower Elliott Wave abc Strategies  No, waiting a few sessions to confirm the pattern lower. Video Chapters 00:00 S&P500  23:22 NASDAQ 100 (NDX) 25:28 Russell 2000 (RUT) 29:42 Dow Jones (DJI) 21:28 TRIAL Buy 1 Month Get 3 Months Analyst Peter Mathers TradingLounge™ Australian Financial Services Licence - AFSL 317817 Source: tradinglounge com    
×
×
  • Create New...