Profit Guide to Forex
Forex Profit Systems

What are your thoughts on the CFTC proposal, calling for a 1:10 leverage cap on Forex trading?

The current limit is 1:400. I think most people know what they're getting into when take on such a high leverage. With a 1:400 leverage one loses all his money if the investment goes down 0.25%, but the money doubles if it goes up 0.25%, and triples if it goes up 0.5%. It's common sense that this is risky, and anyone stupid enough to invest all their money in such an obviously risky investment, deserves to lose it all. I find it condescending that the CFTC thinks we don't understand something that a 4th grader could understand. Such a high leverage should be an option in case someone wants to invest a small percentage of their portfolio with a high leverage. If someone is very skilled at Forex it ought to be their right to see just how high of returns they can get, by trying out higher leverages for some of their portfolio. What are your thoughts?

Public Comments

1. you do realize you are posting this on a forum filled with people that cannot read more than two sentences and ask things such as "if pelosi pooped in a waffle cone would the liberals call it ice cream"?.. and whose highest level of political debate is.. it was all George Bush's fault.

2. Stay out of personal business decisions period. If an individual wants to take a risk allow him the freedom to do so.