CFTC Takes Proposal Offline

[Forexwatchman]

Great job for those that have already sent in their emails and letters, these guys have removed their online version of the proposal already! I guess real work intimidates them, or maybe the real threat of this many traders rising up against them is sobering. Who cares, here’s the original proposal just in case you haven’t read it yet: CFTC Proposes 10:1 Leverage Cap on Retail FX

Keep fighting this proposal guys, we are making history happen now! Check out my own summary at Forex-Nation

 

[PipStar]

Whether or not they have removed their online version I think that traders should keep up their protests and send their emails opposing this proposal. This 10-1 leverage is the stupidest rule that has ever been considered by a regulator. That the CFTC could not forsee that it would kill the whole forex trading is beyond me.