{"id":403342,"date":"2010-03-08T10:17:00","date_gmt":"2010-03-08T15:17:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/similarities-between-forex-and-online-poker-2010-3"},"modified":"2010-03-08T10:17:00","modified_gmt":"2010-03-08T15:17:00","slug":"12-reasons-your-currency-trading-account-is-about-to-be-banned","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/403342","title":{"rendered":"12 Reasons Your Currency Trading Account Is About To Be Banned"},"content":{"rendered":"<p><a href=\"http:\/\/www.businessinsider.com\/similarities-between-forex-and-online-poker-2010-3\/the-forex-industry-is-specifically-going-after-poker-players-1\"><img loading=\"lazy\" decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b93fc5f7f8b9a5f15ef0100-326-244\/annie-casaro.jpg\" border=\"0\" alt=\"Annie Casaro\" width=\"326\" height=\"244\" \/><\/a>Gary Gensler, the head of the CFTC wants to limit retail currency accounts to just 10x leverage.<\/p>\n<p>As we noted this weekend, that takes a lot of the &#8220;fun&#8221; and excitement out of the market (where retail leverage can go as high as 100x), and it means the industry could go the way of online poker.<\/p>\n<p>As we poked more into the story, we realized the comparison is startlingly apt.<\/p>\n<p>Forex is basically online poker all over again, and as such its future is dim.<\/p>\n<h2><strong><a href=\"http:\/\/www.businessinsider.com\/similarities-between-forex-and-online-poker-2010-3\/the-forex-industry-is-specifically-going-after-poker-players-1\">Check out the 12 similarities &gt;<\/a><\/strong><\/h2>\n<p><a href=\"http:\/\/www.businessinsider.com\/similarities-between-forex-and-online-poker-2010-3#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/is-retail-currency-trading-about-to-go-the-way-of-online-poker-2010-3\">How Regulators Plan To Limit Leverage, And Make Retail Currency Trading Go The Way Of Online Poker<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/these-online-poker-whizzes-are-already-making-way-more-money-than-you-2010-2\">The Young Online Poker Studs Who Make Way More Money Than You Do<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/poll-tightening-brings-pound-speculators-out-in-force-as-they-fight-for-conservative-win-2010-3\">Forex Vigilantes Are Now Punishing UK Voters For Supporting The Labour Party<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/CQDrGgkbHrs\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gary Gensler, the head of the CFTC wants to limit retail currency accounts to just 10x leverage. As we noted this weekend, that takes a lot of the &#8220;fun&#8221; and excitement out of the market (where retail leverage can go as high as 100x), and it means the industry could go the way of online [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-403342","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/403342","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=403342"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/403342\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=403342"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=403342"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=403342"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}