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Eric Johnson

Expensive Regulation Proposed for FX

By Eric Johnson, in Forex

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Eric Johnson    10

Eric Johnson
Posted (edited)

The CFTC is trying to reduce Forex leverage to 10 to 1 for all US Forex traders. This means that if you now have 100 to 1 leverage you will have to increase your deposits 10 times to trade the same amount of currency. The act is open for comment, I hope it can be stopped. Here is a link describing other details. Sorry, it has a pop up you have to close to view the article, it was one of the best write ups.

 

http://www.fxstreet.com/education/forex-basics/cftc-forex-proposal-us-retail-market-to-disappear/2010-01-19.html

 

I suppose this is a contact email to send comments. secretary@cftc.gov

 

here are other contact ways

 

http://www.forexcrunch.com/act-against-the-cftc-110-leverage-proposal/

Edited by Eric Johnson

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