Video Response: CFTC Proposed FOREX Leverage Change
25 Jun
My name is Wayne mcdonell. I am a retail forex trader and Chief Currency Coach of www.fxbootcamp.com This video is in reponse to the cftc’s proposed changes to the retail forex trading industry. If passed, leverage will be reduced to 10-to-1. If the CFTC and the NFA have the intent to protect the American trader, I believe the implementation of this proposal will not have the desired effect and thereby these angencies will fail in their basic mission. This video offers two key points on why leverage should be left as is. Please leave a comment and share this video with other forex traders. Also, you may also want to share your opinion with the CFTC while they are in the “public comment” part of decision making process. They are your agencies that govern or over see your industry. They welcome your opinion and are looking out for you best interest. Send emamils to secretary@cftc.gov You MUST INCLUDE ‘Regulation of Retail Forex’ in the subject of the email and reference RIN 3038-AC61 in the body of the message.
Price asked if this loss of early this NWO thing, and a world currency, I mean, if slowly and make us an interest in the forex dealers and they are global, they have more skills to facilitate the PPL agree with them on a world currency. idk but we live in interesting times.
I have the video response again. The message says that it is written, if the recipient will be approved this response video. Perhaps YouTube as bad, not sure. Anyway, I heard great things about fxbootcamp. . cheers — Virgil
I do not know. We certainly do not stall.
This is bullshit reduce consumption of 10:1. how do you do with this money? I agree with other comments that are posted for people in the company, or they take their business abroad. yeah smart idea CFTC way to go. Obama, the idealist socialist Joker. This is not a way to stimulate the economy.
Limiting the leverage does not help, but make less fxtrading interesting.
Where is my video? I got it twice last week. Everyone on my username and see my response to the verdict of the CFTC!
I have a forex trader for 4 years. I also sell on eBay. Frankly, I have more money now on eBay than I lose from trading on currency markets. The government should try one of our lives, and stop everything that we do not control! I absolutely do not go over seas, my business, if successful, the CFTC to require that government control over us. I’m excited that I can not have more than 200:1. 10:1 is just outrageous in my book. CFTC back off and leave us alone!
The good news is: We can use our money wire only in the United Kingdom and trading brokers. Not even a problem. Nice job United States to take more money from the U.S. economy.
But if someone does not want to use before a rich 97th REDUCTION 5 per cent on the previous year, so that any Forex traders are outside the U.S. leveraged 40 times more than you, s “If you please email the CFTC and say this is wrong, you must use the right to organize FOREX with 100 to 1, this has already been reduced last year by IT.
Forex is frankly not “dangerous”, as they do them in public. The lost time, I make money with a maximum of 100 to 1 advantage, I had well over 200 different jobs to do with MAXIMUM 100 are 1 LEVER SO good people on the risks and do not lose their money in a small number of trades spirit, it is not how it works. YOU’RE UP money is protected () locked in your leverage. It goes against IF YOU money to go to other occupations DO. All other countries allow.
I’ve never had, which belongs to nobody and I have to trade for over 3 years and I have handled thousands of trades, I am sure that if a broker made this mistake, I am sure they are only the loss of itself and not the client, you’re talking about less than one in ten million odds, mostly non-existing possibilities.
I hope that the CFTC can sympathize with all the retail FX traders, money at home or traveling. . It’s a beautiful life, self employed and I think it’s good for the economy of the United States
Yes, it is already too BS. I have no problem with the U.S. and returned to Europe, the adoption of stupid laws and regulations. All I can do now is hope the CFTC is not the leverage of the other proposal, however, I agree to change the leverage to make more jobs, as Some dealers do not have the capital to 10:1. It is only Me Away
Exactly, Obama said he tries to get people up and running while taking jobs from dealers currently employed. This is NOT THE AMERICAN WAY, putting people their jobs. Hello somebody responsible for putting an end to this nonsense.
Prayer is not like its going badly for cures trading people in the U. S, I’m part time, but I did as a student with limited funds have 100,000 dollar account trading at 10: 1 thats why its leverage to make a nice steady income with a dollar account in 5000, I can see getting rid of 400:1 and 200:1 leverage, which they did, but 10:1 is exaggerated, and brokers, we can leverage our decisions anyway so idk CFTC, who thinks dumbasses
If this happens, it means that our policy makers are generally quite literally the lamest people around the world, the end of the sentence.
It must be ten dollars or less at random, I never happened before that to everyone, it never happened and I heard thousands of transactions.
I think if this happens, and they prevent us from U.S. traders with offshore accounts, moving to Germany where I was born and grew up there anyway, and now the country must be controlled and regulated connections and I fear the worst is just in time. Hell Russian President has already shown the world currency, so who knows what else for us all.
Guys are, as proposed by the U.S. CFTC to page 11, wound up, “Under current practices, client positions usually einmaldie losses on account überschreitenErstinvestitionen. If, however, have the foreground for the positions are not closed “could offset zero, the Customer Responsibility for additional losses.”
Who should pass up the CFTC Congress, laws that restrict our freedom and right to the pursuit of happiness? It would be nice to know that works for them because it is not for traders. Their intention is clear, the use of our ability to limit money.
I’m not that limit the CFTC’s proposals to change the leverage of up to 10:1. I believe that the NFA has done a credible job of protecting and educating the public to limit risks while leveraging 100:1. “Mini” accounts of 10:1 are available to everyone now jedenfalls.Amerika has much to lose if the proposed changes can take effect. This will be done to promote the Americans, where they may be less protected, thus beating the purpose of the amendments. Hands Off!. EwenMc. California.
If Obama’s proposal to provide new president less operator intervention, GET REAL, you think Americans are the only players in FOREX and you think we small investors dictate a multi-billion dollar market , NO WAY! And as I mentioned a safe trading is your money in your Sponsor’s position, so that EMBARGOED UNTIL YOU WANT TO TAKE FOREX, Do not Let Them.
The next thing you know, the government in making soft drinks and French fries off of overweight people at McDonalds, because they may gain weight, health problems, experience and insurance costs of money. At this rate, I would not be totally surprised. Just because some people say can not swim, you must wear a life jacket for everyone, I think not. ADDITION positions Leverage Forex are safe, IS YOUR MONEY locked in your LEVERAGED POSITION!
There are so many other areas, the government could protect the public’s views. This is the last thing they should try to change that. I have not seen stories on TV recently on traders to sleep in their cars in parking lots because they have lost all their money. I do have stories of people in the real estate market, as if he does not see, because they no longer worth anything. . and there are many other examples. . Enron. . etc. Why you choose this
To lose your money, you have literally hundreds of Forex trading do with maximum leverage. And even if you have a lot of money you can always take advantage of opportunities to return. On the other hand, sometimes you double-click on your money in one or two days. In stocks, you could probably lose all with currency trading, you need hundreds of stores, for your money at your place, sheltered position to leverage to do. If I am a vegetarian, they should be?