De CFTC idioterie gaat door

[Marple]

Gelukking hebben wij hier voorals nog geen last van.



Hello Everyone,

Yes, unfortunately you read that right. As if the imposition of all the silly restrictions last year on hedging, trading CFDs, and what order you close your trades in wasn't enough, the CFTC is now setting new standards in idiocy by proposing a 10:1 cap on leverage for retail FX. Why? Because the less attractive they make spot forex for you, the more likely you are to switch to trading futures. And we all know that both the CFTC and the NFA exist to further the interests of futures brokers not retail traders.

You can read more about the proposal at the following links:
http://www.cftc. gov/newsroom/ generalpressrele ases/2010/ pr5772-10. html
http://www.forexfac tory.com/ news.php? do=news&id=215919

And for some tips on how to fight it while there is still time:
http://www.forexcru nch.com/act- against-the- cftc-110- leverage- proposal
http://www.forexfac tory.com/ news.php? do=news&id=216076

Fortunately for the poor souls who live in the United States, there exist some offshore trading alternatives such as FXCM UK and Deutsche Bank . Keep in mind that the NFA's enforcement authority extends to your place of residence, not citizenship. So you can also easily incorporate an offshore company or trust, or simply use the address of a relative or friend (you will need to send a bill or credit card statement there with your name on it, as this is often required when opening a new account). Using an offshore broker gets you past the hedging, FIFO, and leverage restrictions, but you will need a foreign address in order to trade CFDs (even with an offshore broker). Some brokers who offer CFDs such as FxPro have simply stopped taking on clients with U.S. addresses. This is how far this lunacy has gone.



To your ongoing trading success,

Name and origin know by the poster

[Zoltar]

Ik vraag me af of dit ook maar enig effect gaat hebben op de markt. Zouden retail traders invloed hebben op volume en de koers?

[ingmar82]

Gaat het niet leuker maken als wij er ook mee te maken gaan krijgen

[Mr.Eden]

Hmm zo te zien alleen nog maar problemen in de V.S.