FOREX-NATION

With the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, there is only one way around the severe restrictions that trading under the glare of the U.S. government has created: create an offshore corporation. Yes it is a hassle, yes it will cost money initially that you would otherwise have to invest, but the new outflow of U.S. dollars into foreign bank accounts should at least help out everyone else in the meantime. We will not and should not accept the current legislation and I proudly promote a way of getting around these horrible laws recently enacted by our worthless United States Congress!

I am going to provide some excerpts from a recent forum post from Continue reading–>How To Get Around Dodd-Frank Act: Creating An Off-Shore Corporation

I started the year off championing the fight against the narrow-minded bureaucrats of the CFTC (Commodity Trading Futures Commission) who included a proposal to limit spot forex leverage to a ridiculous 10:1 for all U.S. based retail forex trading in an otherwise good intentioned proposal to regulate the growing forex industry in the U.S. The result of such over-regulation was an overwhelmingly negative one in which the CFTC received over 6,000 letters, emails, and faxes disapproving such a proposal. This was the most feedback the CFTC received for anything… ever! And it would appear that the outcry from U.S. traders and brokers has had the effect of silencing any real

Continue reading–>Forex Vs. Dodd-Frank Wall Street Reform Act

This article was originally published in Janurary 2010. To get the most recent and disheartening facts on the sad state of U.S. retail forex read Forex Vs. Dodd-Frank Wall Street Reform Act

The new proposed regulations by the CFTC which would limit spot forex leverage to 10:1 is the biggest event in U.S. retail forex history. While we are awaiting the outcome now that the time for public comments has ended, it does appear that the CFTC is listening to the overwhelming majority of traders who are against this proposal. It does seem like the CFTC is attempting to reconsider their initial proposal and has met to re-discuss it after receiving over 6,000 negative comments (the most feedback they’ve received

Continue reading–>The CFTC Proposes 10:1 Leverage and This Will End U.S. Retail Forex