NFA is trying to kill the US Forex market slowly, but the US Treasury could be a bigger threat. Read the full story on Forex Magnates:
http://forexmagnates.com/us-treasury...s-regulations/
I really feel sorry for the US traders. Even if the above mentioned will not happen, it's obvious they want to kill the FX market.
Viva el capitalismo neoliberal!
Regards,
FX5050
http://forexmagnates.com/us-treasury...s-regulations/
I really feel sorry for the US traders. Even if the above mentioned will not happen, it's obvious they want to kill the FX market.
QuoteDislikedShould spot Forex not be exempted then it would mean a complete and total end of the American spot forex industry. While NFA tries to kill the industry blow by blow such a decision would completely annihilate the market. Going on an exchange would reduce the already very low margins of all forex brokers and would definitely make 8-10 of the remaining 12 or so brokers go out of business. Forex traders will in turn abandon the industry as well – as trading forex on an exchange is simply noncompetitive. Alternatively this would push many US forex traders to go back trading illegally with some foreign brokers who are happy to accept them.
Viva el capitalismo neoliberal!
Regards,
FX5050