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Andrei Pehar Considers Futures Brokers To Be Behind CFTC 10:1 Leverage Proposal
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Hi everyone
An interesting e-mail I got from one of the best Forex Educators I know, Andrei Pehar Chief Currency Strategist, fxKnight.com
What do you think?
Francesc
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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... Full Story |
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Submitted Jan 19, 2010 7:57am
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