CFTC - Stop Leverage Change
We, the undersigned, call on the CFTC (Commodity Futures Trading Commission) to reassess the proposed maximum allowed leverage put forward with RIN 3038-AC61. We traders, Forex professionals and peopl... continue reading »
"This leverage change to 10 to 1 will force all of the small forex traders to move their accounts off shore, to the UK or Switzeland. Has no one thought about the amount of money that will leave the country? Is the motivation to make the forex untouchable "
"This is a serious subject and will affect those of us who make our living trading the retail forex market. Please do not make the mistake of thinking the government "knows best" about something the government doesn't have a clue about."
"Lots a job will be gone if you fulfill this plans"
"Shooting the American work force in the foot.... doesn't sound too Patriotic to me!"
"The CFTC's time and effort would be far better employed in ridding the Forex landscape of shady brokerage practices, such as predatory stop hunting and spread widening."
"This is the only way I make my living and I have spent years developing my skill set in FX trading. These rule changes could destroy all my hard work and I will forced to trade off shore or go out of business. Let me, the trader, figure out my correct mar"
"I am able to manage the risk taken on the positions I take. Whilst I do not use very high leverage, the decision to impose onerous regulations is a considered affront to the intelligence of the trading community."
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