If you haven’t contacted the CFTC yet, today is the last day for them to accept public opinion. Click here to find out why this is important to retail forex traders.
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If you haven’t contacted the CFTC yet, today is the last day for them to accept public opinion. Click here to find out why this is important to retail forex traders. I posted a pretty long discussion on January 19, 2010 about the new proposed regulations that the CFTC is considering imposing on the retail forex market in the US. For the most part, I feel that these regulations are necessary to clean up the forex market. However, the part of the proposal that reduces [...]
Did the recent restrictions on hedging, 100:1 leverage and FIFO affect you as a forex trader? Probably not. I saw them as a minor inconvenience and as ridiculous as they were, not enough to limit my trading. However, the CFTC in the United States has proposed a new set of restrictions on the US Forex market and this is how it can affect you as a retail forex trader. Just the facts First of all, here is the official CFTC press release and the actual proposal:
Here is some great information and a very informational webinar from Rob Booker on these proposals and how they will affect you. Click here to check it out. Whew, what did you think? If you don’t want to read 193 pages, here is what I took away from it. Click here to continue reading CFTC Proposing 10:1 Leverage Requirement – Here is what you can do >> The National Futures Association has banned hedging in all forex accounts in the United States. The reason for the ban is unclear at this point. Hedging is when you are allowed to enter offsetting positions at the same time. In other words, you can be long 1 lot of GBPUSD and short 1 lot [...] |
 
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax adviser if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Click here to read the complete disclosure statement. Compensation Disclosure: Links on this page may be affiliate links in which the owner of this website receives financial compensation if purchases are made through the links. | ||||||||||
