Why are you talking? Your mouth should be full of hatdon't talk with your mouth full..
The CFTC does not regulate the FOREX market. They regulate the FX futures. That is why they are called the CFTC. FUTURES, man.
Why are you talking? Your mouth should be full of hatdon't talk with your mouth full..
With all respects, this isn't a question of what you believe.
Did you even bother to read the release?
"regulations concerning off-exchange retail foreign currency transactions" >> that is Forex, not futures.
Nice, so how about this: "FOREX is not as regulated as futures"
One example: counterparty protection.
The CFTC does not regulate the FOREX market. They regulate the FX futures. That is why they are called the CFTC. FUTURES, man.
And did you critically read what was posted in that blurb?
Oh my goodness..
Stick to futures, I know Forex and it's inners working, rules and regulations to know when someone with vested interest tries to sway prospective futures/options trading noobs away from FX with bloated lies.Do you know what counterparty protection even is? I doubt it, but I hope you never need it.
I'd benefited from it 3 times in futures. Lost out because of lack of it 1 time in Forex.
Stick to futures, I know Forex and it's inners working, rules and regulations to know when someone with vested interest tries to sway prospective future/options trading noobs away from FX with bloated lies.
Here is what I saw:
"provide the CFTC with broad authority to register and regulate entities wishing to serve as counterparties to, or to intermediate, retail foreign exchange (forex) transactions. The final rules become effective October 18, 2010."
You said "The CFTC does not regulate the FOREX market.
Since you do not know the difference between the CME and CFTC, you are on ignore. I'll let you have the last word."
I seriously don't do business with people I don't like.Yes, I saw that last bit before you deleted it. And since you are a sponsor, I can no longer retort. Just a rule I have about my behavior here.
In the end, I guess IAlwaysWin will not be taking me up on my offer of a free $500 bux, because he has no confidence in his system. Else I'd have some sign in either PM or in this thread that he's serious about it.