Hi FF,
as you probably already know, as a US citizen we are now dealing with the frank dodd laws. This means 50:1 or 20:1 margin, and the ability to open up an offshore account has been taken away from us. This is unconstitutional, and we need to protest. While 50:1 is okay, and I can still trade profitably, it is ridiculous knowing that my counterparts in Canada, and the Netherlands are enjoying leverage as high as 400:1!
My friends we are now at a disadvantage. I don't know how to protest, I'm just a small retail trader, and so i ask you all for advice and general comments.
sincerely,
PanguFX
as you probably already know, as a US citizen we are now dealing with the frank dodd laws. This means 50:1 or 20:1 margin, and the ability to open up an offshore account has been taken away from us. This is unconstitutional, and we need to protest. While 50:1 is okay, and I can still trade profitably, it is ridiculous knowing that my counterparts in Canada, and the Netherlands are enjoying leverage as high as 400:1!
My friends we are now at a disadvantage. I don't know how to protest, I'm just a small retail trader, and so i ask you all for advice and general comments.
sincerely,
PanguFX