On Monday October 18, 2010, new forex regulations will take affect.
Ways this may affect you:
-If you are using more than 50:1 leverage your broker may reduce your positions. (don't panic, check with your broker on this)
-If you have an account with an overseas counterpart of a US company, like FXCM, you'll see your account moved back to the US (thanks to the Dodd-Frank bill)
-If you have a forex manager trading your account for you, there may be a liquidation if the forex manager is not registered with the NFA.
These rules are set to take effect at the Sunday open, so if you are not prepared, you need to figure it out by the end of the trading day today.
The rule that will affect the average trader is the leverage rule, so if you are leveraged up, please de-leverage before the weekend so you don't get any surprises on Sunday night.
Although I see some aspects of these rules as an overreach, I do admit that they should help create a little bit more stability in the forex trading industry.
You can read the full text of this regulation change at the CTFC.
Can you send me any information on easyforex.com with there movement with these issues/changes.
These rules are really very effective. Theses affects forex market as well as trading.