RE: Be careful of thinking this is over6 Dec 2016 11:21
To me, this is again another closing of the door for the retail investor to the city. Say you have £300, going long on usd/jpy at the moment is a fairly good bet. However, you can get intraday swings of 100pips downwards, the broad direction is up. So the guy with his £70 deposit doesn't get margin called pre-implementation, but the guy post-implementation does. Consequence? Only those that can afford to lock in £600+ stand a chance to play on £1/point. Perhaps they are the only ones who should? But it just seems more 'little guys' don't get to participate any more.