It’s unusual of me to flatter US forex regulators but when it’s due it’s due. The NFA have made an exceptional job and wrote an extensive report for retail forex traders about the market. I think all investors should read it, not only the US ones. You can find it embedded below or directly at this link: http://www.nfa.futures.org/NFA-investor-information/publication-library/forex.pdf
December 2, Chicago – National Futures Association (NFA) announced today that it has published a revised edition of its popular investor education booklet for consumers interested in the retail off-exchange foreign currency (forex) market. The revised publication, now entitled “Trading Forex: What Investors Need to Know”, describes how the retail forex market operates, the risks involved in trading forex and how the market is regulated. The guide also includes a glossary of terms.
“We revised the publication to reflect the Commodity Futures Trading Commission’s retail forex rules, which became effective on October 18,” says NFA’s Director of Communications and Education Larry Dyekman. “Among other things, the rules now require any retail forex introducing broker, money manager or pool operator to register with the CFTC and become Members of NFA. We believe that consumers should learn as much as they can about the market and how it is regulated before opening a forex trading account.”
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Single copies of the guide will be offered free of charge to the investing public. Individuals may order a free copy of the publication by calling NFA’s Information Center at 312-781-1410 or 800-621-3570 or by emailing NFA at firstname.lastname@example.org.
Individuals also have the option of viewing and printing the publication by downloading it from the Investor Information section of NFA’s website (www.nfa.futures.org).
NFA is the premier independent provider of innovative and efficient regulatory programs that safeguard the integrity of the futures markets.
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