A few days ago I posted about a very stupid idea that is being considered by the Commodities and Futures Trading Commission, which is to limit retail forex account leverage to 10:1.
The public comment period for this change is open until March 22nd. I've already sent in my comment, and I encourage all retail Forex traders to do the same. At 10:1 leverage, you need a lot of cash in your account to be able to make any real profit with Forex, so for us little guys, this move would push us out of the market.
Since putting up my first post on this topic, I've found the page on the CFTC website where submitted comments are posted. You can see that page by clicking on this link.
I submitted my comments on the 26th, the same day I made my original post here on the topic. There is only one letter listed on the CFTC comment page for that day, written by someone else. I don't know if they're just slow in getting them posted or if they stop when the letters coming in are all similar (what has been posted so far seems to be 100% against this proposed rule). Whatever the case may be, make your voice heard!
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