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FOREX BROKERS - choice made easy!How to choose a Forex broker | 5 Practical StepsThere are two most common ways of choosing a Forex broker:1) Simplified or "lazy way" — which is to read broker reviews, and based on stars and feedback make a choice. 2) Professional way — which is to do your own research while making reading reviews a part of that research. CFTC proposal to cut Forex leverage to 10:1
Traders as well as US-based brokers are in a light shock as in mid January 2010 CFTC has proposed to cut the leverage in currency trading to 10:1.
The proposal hasn't become a rule yet, but already has spread with the lightning speed across the trading public in US and worldwide. CFTC proposal is to affect all NFA regulated brokers, who, should the rule pass, would be limited to offer 10:1 leverage on all Forex accounts. The text of the official CFTC proposal can be read here: RIN 3038-AC61 As the news spread, the largest Forex brokers in US has felt a headache knowing what results it can bring.
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