Rob Booker just did a fantastic webinar on the CFTC's leverage proposal. For those of you who don't know Rob he is a regular speaker at the forex trade shows and knows this industry inside and out. Great info, have a look...
Totally disagree. The CFTC is going to buckle on this one. Congress is hammering CFTC on leverage. The CFTC's mandate is to stop fraud, not destroy retail forex. 10 to 1 leverage is dying a slow death. Write to secretary@cftc.gov and FINISH 10 to 1 Leverage for good!
Check out this article in the Wall Street Journal where a CFTC Commissioner says they have been overwhelmed with trader comments:
http://online.wsj.com/article/SB1000...googlenews_wsj
"The proposal in its entirety is intended to allow us to get on with our job of protecting customers and...
Things are looking VERY PROMISING! The Congress opposes CFTC's leverage proposal. Check this out:
http://www.iowapolitics.com/index.iml?Article=187545
âI am pleased that the CFTC Chairman acknowledged our concerns and appeared open to changes to the leverage requirement,â Boswell...
I have counted almost 5,000 letters. And this is just for January! Pour it on boys! Keep those letters coming! FREEEEEEEEEEEEEEEEEEEEEEEEEEEDOM!!!!!!!!
Email secretary@cftc.gov now!
I disagree. CFTC has never gotten so many comments on an issue before. This kind of defeatist attitude is counter productive. Flood the CFTC! Email secretary@cftc.gov today!
A friend of mine who works at a forex dealer told me that CFTC is refusing to post comments because the government thinks "these comments aren't real and are being generated by the dealers."
Flood their website and demand they post trader comments now!
Email secretary@cftc.gov today!
CFTC still isn't posting the latest comments. Everyone email secretary@cftc.gov and tell them to stop suppressing customer comments!
http://www.cftc.gov/lawandregulation/federalregister/federalregistercomments/2010/10-001.html