To all forex traders and currency investors!!!
Please voice your opinion on this bill. I am very concerned what's gonna happen to all of us as forex traders. Last 3 years I was studing day and night, every night trading London to become a successful forex trader to have a chance to follow footsteps of Dennis, Leipschitz, Buffet and my dream to make enough money for my family trading forex. I invested lots of time studing, lots of money for books, computers, trading systems and my education -who is going to refund all this if this bill will affect me directly as a trader? What about my future earnings?
I have read a post on fxstreet and it's very disturbing, here it is
http://www.fxstreet.com/education/ma...010-08-05.html
I called GFT, NFA and CFTC trying to find specific answers regarding leverage and forex account and account overseas for US citizens but no one gave me exact answers. I read through the bill myself but it's very difficult to understand for a regular person, please see bill here.
http://www.cftc.gov/ucm/groups/publi...rolledbill.pdf
PLEASE PLEASE if anyone knows how it's gonna affect me as a regular trader with no hundreds of thousands in the trading account let me know.
This bill was accepted by House, Senate and signed by the president.
phone numbers for
NFA (212) 608-8660 CFTC (202) 418-5430
Thank you for all your help!
Please voice your opinion on this bill. I am very concerned what's gonna happen to all of us as forex traders. Last 3 years I was studing day and night, every night trading London to become a successful forex trader to have a chance to follow footsteps of Dennis, Leipschitz, Buffet and my dream to make enough money for my family trading forex. I invested lots of time studing, lots of money for books, computers, trading systems and my education -who is going to refund all this if this bill will affect me directly as a trader? What about my future earnings?
I have read a post on fxstreet and it's very disturbing, here it is
http://www.fxstreet.com/education/ma...010-08-05.html
I called GFT, NFA and CFTC trying to find specific answers regarding leverage and forex account and account overseas for US citizens but no one gave me exact answers. I read through the bill myself but it's very difficult to understand for a regular person, please see bill here.
http://www.cftc.gov/ucm/groups/publi...rolledbill.pdf
PLEASE PLEASE if anyone knows how it's gonna affect me as a regular trader with no hundreds of thousands in the trading account let me know.
This bill was accepted by House, Senate and signed by the president.
phone numbers for
NFA (212) 608-8660 CFTC (202) 418-5430
Thank you for all your help!