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 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 You MUST INCLUDE ‘Regulation of Retail Forex’ in the subject of the email and reference RIN 3038-AC61 in the body of the message.


25 Responses to “Video Response: CFTC Proposed FOREX Leverage Change”

  1. amillioncars on September 12th, 2010 4:15 pm

    The earthquake affects the NZD of 04/09/2010

  2. gizmobozz on September 12th, 2010 4:58 pm

    Here in Japan some brokers offer a 50 to 1 for small accounts. I’ve seen brokers offering 1 dollar per pip mini accounts too. $stop loss is the secret to stay in the game $

  3. StephenStoryIsAScam on September 12th, 2010 5:29 pm

    DAMN YOU WAYNE! MONEY IN SWIMMING POOL OF GENERATION BASTARD money in cash! Seated in its cave of the bats throughout the day with 50 monitors to obtain immensely rich, they teach to us how to do something of damn money! wayne Damn it is!

  4. TheDystopiaInside on September 12th, 2010 6:13 pm

    I again passed some time the commerce of demonstration and the study of the currency at the end of 2008 – half-full of 2009, but never it was put in with real money. Meanwhile, I have found other sources of income, but it can return to him. way to see, I want to know what is going to happen with this thing CFTC, and also the market seemed difficult of commerce/long term of rank consolidated after the initial increase in the USD at the end of 2008, Anyway, I do not believe that this limit would be due to impose, would become damage to many of which already knows the risk that implies.

  5. advancedwarfighter07 on September 12th, 2010 6:16 pm

    i wrote an email response to the CFTC stating the same thing. I think 1:1 – 1:100 should be the standard optionallevergae for any trader. This proposal will not have affect overseas and I know some great brokers over seas in europe, austrailia, UK, Canada, and Cyprus that would be more than glad to accept US clients. Thus, resulting in the US forex market being traded by brokers only, who would eventually have to shut down from lack of clients. . . .

  6. nihilistcat on September 12th, 2010 7:03 pm

    @ Scarlett1214 oh my God, this is CRIMIINAL? C? Mo stop this shit? READ ALL COMMENTS Scarlets

  7. mattisthegame08 on September 12th, 2010 7:47 pm

    I am beginning to ask itself if this it is the beginning of this thing of the New World order and a world-wide currency, I talk about to if to little by little the operators do us lose interest in the Forex, and they do soon it anywhere in the world, that is easier for the powers that but people are in agreement with them in a global currency. IDK but we lived in interesting times.

  8. ILuvTrading on September 12th, 2010 8:45 pm

    I just did the response v? Deo again. The message says that be? issued when the recipient agrees to this response v? deo. Maybe it’s the youtube est? with errors, not sure. Anyway, I heard nothing more? S that good things fxbootcamp. . — V? Factors Virgilio

  9. fxbootcamp on September 12th, 2010 9:11 pm

    I do not know it. Of course, it does not block it.

  10. terry2708 on September 12th, 2010 9:57 pm

    This is bullshit reduce the leverage of 10:1. “C” m going to make money with this? I agree with other comments in writing that it is sending business people will take their business abroad. s? CFTC’s smart way to go. Obama, the prankster idealist socialist. this is not a way to boost the economy? a.

  11. molidboy on September 12th, 2010 10:47 pm

    limiting leverage is not going to help but make fxtrading less-interesting.

  12. ILuvTrading on September 12th, 2010 11:42 pm

    Where it is my answer in video? I left the week twice it past. All the world-click in my name of user and to see my answer resolution CFTC!

  13. adamandalyssa on September 12th, 2010 11:49 pm

    I have been a forex trader for over 4 years. I also sell on eBay. Quite frankly, I have lost more money from doing business on eBay than I have from trading in the Forex markets. Government needs to get out of our lives and quit trying to control everything we do! I absolutely will go over seas to do my trading if the CFTC succeeds in foisting this government control on us. I’m upset that I can’t have 200:1 any more. 10:1 only will be outrageous in my book. Back off CFTC and leave us alone!

  14. qualm43 on September 13th, 2010 12:24 am

    The good news is: we can just wire our money to the UK and trade from those brokerages. Not even a problem at all. Nice job USA at taking even more money OUT of the US economy.

  15. automatedtrading9000 on September 13th, 2010 1:15 am


  16. automatedtrading9000 on September 13th, 2010 1:46 am

    Forex is not really “dangerous” as est? N doing to be to p? Public. The i sometimes lose money with m? Maximum from 100 to 1 leverage, you have? To do m? S of 200 M WITH DIFFERENT TRADES? XIMO 100 to 1 leverage that people are well aware RISKS AND NOT LOSE MONEY YOUR IN a few trades, NOT AS? WORKS. Est YOU MONEY? locked (protected) in your position? No leverage. if it is against YOU HAVE TO MAKE MONEY REMAINING other trades. Any other pa? S permits.

  17. automatedtrading9000 on September 13th, 2010 2:09 am

    I have never or “do talk about that happening to anyone, and I have been trading for m? S of 3 years and have done thousands of transactions, I am sure that any broker made this mistake I’m sure that just taking the p? loss themselves and not the client, you est? talking about less than one in ten million shares, b? basically nonexistent chances.

  18. edmondublianda on September 13th, 2010 2:11 am

    I hope the CFTC can sympathize to all retail fx traders who make money at home or while travelling. . it is a great life to be self employed and I believe it’s good for the economy of US

  19. mattisthegame08 on September 13th, 2010 2:51 am

    Yes it’s getting to be BS. I have no problem leaving the US and going back to Europe if more stupid laws and regulations pass. All I can do Now is hope CFTC does not pass the leverage proposal the others I agree with but the leverage change is going to take away more jobs as some traders don’t have the capital for 10:1. This just pisses me off

  20. automatedtrading9000 on September 13th, 2010 2:57 am

    Exactly, Obama says he’s trying to get people working and at the same time he’s taking away jobs from traders currently employed. This is NOT THE AMERICAN WAY, PUTTING PEOPLE OUT OF THEIR OCCUPATIONS. HELLO SOMEONE IN CHARGE STOP THIS NONSENSE.

  21. mattisthegame08 on September 13th, 2010 3:53 am

    Im praying this does not pass, as its gonna do alot of harm to people that make livings on trading in the U. S, i do this part time, but as a student with limited capital i dont have the 100,000 dollar account to trade with on 10:1 leverage thats why its nice to make steady incomes with a 5,000 dollar account, i can see getting rid of 400:1 and 200:1 leverage which they did, but 10:1 is overkill, and the brokers allow us choices anyways on our leverage so idk what CFTC is thinking, Dumbasses

  22. automatedtrading9000 on September 13th, 2010 4:51 am

    If this passes it means that our rule makers are literally the lamest people on the entire planet, end of sentence.

  23. automatedtrading9000 on September 13th, 2010 5:30 am

    That has to be like a one in ten million or less likely, or never? Do talk of that happening to anyone, I never pas? to m? and have done thousands of transactions.

  24. mattisthegame08 on September 13th, 2010 5:51 am

    I suppose that if this is approved and EE.UU block the retailers us to have accounts abroad, will move Germany as I were born and she grew up there anyway, and this country has become regulated form and controlled by the fear and I only go to his get worse with time. president hell of Russia has demonstrated the world-wide currency already, so who knows which is the next one for all we.

  25. ILuvTrading on September 13th, 2010 6:37 am

    Guys, under the proposal the CFTC states on page 11

    “Under current practices, customer
    positions are usually closed out once
    the losses in an account exceed the
    initial investment. However, if, for any
    reason, the positions are not closed out
    at a zero balance, the customer could be
    liable for additional losses. “