Video Response: CFTC Proposed FOREX Leverage Change

September 12, 2010 by  
Filed under Videos


My name is Wayne McDonell. I am a retail forex trader and Chief Currency Coach of www.fxbootcamp.com This video is in reponse to the CFTC’s proposed changes to the retail forex trading industry. If passed, leverage will be reduced to 10-to-1. If the CFTC and the NFA have the intent to protect the American trader, I believe the implementation of this proposal will not have the desired effect and thereby these angencies will fail in their basic mission. This video offers two key points on why leverage should be left as is. Please leave a comment and share this video with other forex traders. Also, you may also want to share your opinion with the CFTC while they are in the “public comment” part of decision making process. They are your agencies that govern or over see your industry. They welcome your opinion and are looking out for you best interest. Send emamils to secretary@cftc.gov You MUST INCLUDE ‘Regulation of Retail Forex’ in the subject of the email and reference RIN 3038-AC61 in the body of the message.