I have been studying a lot recently about the EU's proposed Tobin Tax on all transactions. This could kill term trading and hamper the FX market.

Http://en.wikipedia.org/wiki/Tobin_tax

The taxation essentially increases the more often you trade. 1 calculation I read on the wikipedia was that to get a trader placing one trade a day for a year, the tax could be as large as 52%.

Unless the entire world FX market implements the taxation, it seems this is only going to twist europe, because speculators like you and me would only move to a different set of currency or a different market altogether.

I'm curious to hear what could you guys do if
A. The EU implements a Tobin Tax
and or
B. The world FX market implements a Tobin Tax.

I think I'd change to whatever the most liquid market I could find that didn't have the taxation. The US futures market.

Also, although I live in Germany, I wonder when my broker is from the EU I would not have the pay the tax. Or maybe this is the opportunity for me to proceed to Switzerland?

And that is how they expect to win back investor confidence? This is going to be the death of these.