Comment Text:
i0-001
COMMENT
CL-04371
From:
Sent:
To:
Subject:
Juergen Loechner
Thursday, January 28, 2010 2:33 PM
secretary
FW: URGENT - they want to stop you trading!!
DO NOT DO THIS. This will take most of the retail traders out of the market
Juergen
..... Original Message .....
From: [email protected] [mailto:[email protected]]On Behalf Of Matt Sharp
Sent:
Friday, 22 January 2010 7:36 AM
To:
[email protected]
Subject:
URGENT - they want to stop you trading!!
Hi
Remember a few months back "they" (the NFA) stopped you
hedging in Forex?
Why?
Only they know - it certainly wasn't any advantage to us.
Now your future
trading
Forex is REALLY under threat...
Here's an excerpt...
As many of you are aware, the U.S. Commodity Futures Trading Commission
(CFTC) announced on January 13, 2010 that it is seekingpubfic comment on
proposed regulations concerning retail Forex trading.
As part of the proposed regulations, it is stated." "leverage in retail forex
customer accounts wouM be subject to a l O-to-1 fimitation, "which means 10:1
leverage wouM be the maximum amount allowed for all Forex traders in the U.S.
Now I'm based in the UK so this won't directly affect me immediately. But where the US leads,
the rest follow.
This will mean that to trade a single standard lot of $100,000 you will need $10,000 in your
account. Currently it can be as little as $200!
How does this "help" us retail traders??
These bureaucrats are supposed to be there to provide a safe environment to trade in
not kick us out of the game!!
Please contact the
CFTC and let them know what you think if you ever want to be able to
trade forex !!
Email them here.., [email protected]
Please don't mail me back as I don't understand why or what they hope to achieve either.
Regards and thanks for your time
Matti0-001
COMMENT
CL-04371
The Willows, Orchard Close, Felsham, Bury St Edmunds, Suffolk
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