Article Summary:

Wskxw.com is dedicated to providing quality information on the subject of Forex Trading for beginners, and in particular, on the various trading systems, and brokers, and tools.A pretty hostile article on FT… but interesting at once
Francesc
US retail FX: War waged on cowboy practices
By Gregory Meyer, Financial Times
The US retail foreign exchange market has long suffered a reputation as a place where unseemly operators took advantage of naive investors.
So


Article Content:
A pretty hostile article on FT… but interesting at once

Francesc

US retail FX: War waged on cowboy practices
By Gregory Meyer, Financial Times
The US retail foreign exchange market has long suffered a reputation as a place where unseemly operators took advantage of naive investors.
So it was a bit surprising that when a regulator proposed rules to protect small FX investors this year, they responded with a torrent of criticism.
Egged on by forex dealers, investors sent the Commodity Futures Trading Commission a record 9,100 letters. They focused on one aspect of the proposal: leverage. Borrowed money is the bread and butter of day-to-day FX trading, and the investors did not want it yanked away.


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