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Wednesday, January 20, 2010

CFTC proposed new regulation will hurt retail Forex traders

CFTC, a government agency which regulates futures trading (our focus of investing) plans to reduce the maximum amount of leverage to 10:1 (10 percent). CFTC better get out of the way! Is the government really too ashamed of their mistakes that they have to manipulate the vote of the markets? Central Banks need to realize that they are not in full control of their currency. The people determine the demand for your dollar. Say no to CFTC!
For more info, here's what GFT Forex had to say: http://ow.ly/YP9P

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