Sorry about the typos.

Shitty US regulations, all I can say. Oanda had 1:500 leverage, and since CFTC introduced the rule to cap the leverage to 1:50, they have 1:50 leverage and same happened to other US based brokers. :S

Don't forget the article is about a higher level of regulation. Retail forex dealing would be banned only if they do not establish a regulatory regime for those transactions. In case of they succeed, I think those who have accounts at US brokers they can expect better context for their trading.

Governments try to protect their people by different methods. Forex trading do have many risks in different terms. I think this is a step to minimise one of these risks.

Anyway, I don't know why it is a problem for the government. It's the trader's choice whether to use more leverage or not. Maybe I am wrong, but I really think government shouldn't regulate the market so intensive.

I personally think that there should be another way to do this thing. But the problem is that many many traders loose by high leverage trading. Only some Pros who really know how to set leverage can make profit. Novice people dont even like low leverage trading and thus loose their money and blow up their accounts in most cases. I think this is the supporting reason for Governments to take such actions.

I personally think that there should be another way to do this thing. But the problem is that many many traders loose by high leverage trading. Only some Pros who really know how to set leverage can make profit. Novice people dont even like low leverage trading and thus loose their money and blow up their accounts in most cases. I think this is the supporting reason for Governments to take such actions.

Originally posted by ironical

 

 

I personally think that there should be another way to do this thing. But the problem is that many many traders loose by high leverage trading. Only some Pros who really know how to set leverage can make profit. Novice people dont even like low leverage trading and thus loose their money and blow up their accounts in most cases. I think this is the supporting reason for Governments to take such actions.

But why do Government needs to intervene in the personal actions of People? If someone is greedy then why do others suffer? There are not "some scalpers or day traders". There are many. People are attracted by these techniques. They loose or win, government has nothing to do with it.

 

 

100% Right!