Over the last couple of years, I have been busy going to school to get my degree. I am now a semester from graduating, and I had big plans for doing some Forex trading, as soon as I get finished with school. I was planning on picking up where I left off a couple years ago, and I have actually come...

Over the last couple of years, I have been busy going to school to get my degree. I am now a semester from graduating, and I had big plans for doing some Forex trading, as soon as I get finished with school. I was planning on picking up where I left off a couple years ago, and I have actually come up with some excellent sytem-trading ideas that I want to exploit. Until....

I just seen the CFTC now is going to limit leverage for US bfrokers to 10:1! This is ridiculous! I had plans on starting with a small $1,000 or possibly $2,000 account and building it up with my new trading plan with using 100:1 leverage. This is what I have always used because 10:1 is just to slow, and takes forever to build your account.

Sure, you won't lose as much as quickly, but that defewats the whole purpose of Forex: develop a system that allows you to make a lot of money in a relatively short amount of time.

Now, I'm not new to Forex, I ahev traded full-time for several years in the past. I mostly lost money, and then I quit for a few years to go to school. Now that I want a new, fresh start in Forex trading using some of my newly acquired knowledge and ideas that have been brewing inside me for the last couple years, I am limited to 10:1 leverage!

This majorly sucks!

I guess the work-around is to use brokers outside the US, but that is ridiculous! I swear, the elected officials we have now who make all these dumb-ass rules have their head so far up their a** it's not even funny!

American traders are going to be forced to use overseas brokers, possibly get scammed, and the US Forex brokers will fold eventually. IMO, this is what the new "rules" will accomplish. Total crap!

I am furious about this crap! Anybody else feel the same way?