Provided the beginning of the CFTC (the Commodity Futures trading Commission) law with the legal trade company in October last year, there has been much debate within the community of forex trading. Is it a good thing? Is it a bad thing? Could lead to any difference at all? Obviously, the answer is yes to three questions. It is great that there are legal trading company, and also from the bad, and it is not any difference to many.
The good
Historically, the FOREX market enjoyed a bad reputation with regard to trade simply and beyond expectations. He was the black sheep among the speculative market. Called people to the Forex trading title of gambling (with the knowledge that there is a big difference between FX and gambling), and because of the way companies deal was made during the trade, seen by many as just a series of scams and installation.
But the market grew, and became the legal requirement that brokers and clear. When you are dealing with an industry worth several dollars Trallonat, no matter what kind of name attached to them, they are a force to be dealt with.
Was and still is a fraud and illegal trading companies in the market. But waking up to the CFTC on the subject, and decided to take action. And they will establish standards for companies trading companies to be legal, and many welcomed the move. But notice that it is still a voluntary action, which makes it more interesting.
When choosing a particular trader trading, the trading company choose you, because he knows then he is protected by the state agency control. This leads to the phenomenon and to keep things clear. It does not cost a trading company of any additional costs, but it may give some sense of security can not be present.
It is bad
There is always the Defenders of freedom between the forex traders to oppose government intervention in all forms. Trade companies, the association becomes a restricted government agency, and I do not want to deal with such situations. They are confident Pachtaarathm with regard to these companies, and do not want to report due to a government agency. And these things are legitimate.
There is also a trading company may not want to be legal to trade the company for any reason, as these companies do not want this agency to monitor all actions, and to feel in the hand of the federal commission. This does not mean that this type of company is more legitimate than others, but they want to remain independent.
It may not matter
Any sector that contains the same amount of money in the forex trader, it will attract fraudsters. And especially everything that happens on the Internet. The initial investment is not significant, and no entrance test.
If, at the end of the day, the words "Dear Buyer Beware" remains true in this case as well. However, government intervention and the advent of legal trade company, will lead to reduce the number of predators, where people descended below, where the appropriate place.
Historically, the FOREX market enjoyed a bad reputation with regard to trade simply and beyond expectations. He was the black sheep among the speculative market. Called people to the Forex trading title of gambling (with the knowledge that there is a big difference between FX and gambling), and because of the way companies deal was made during the trade, seen by many as just a series of scams and installation.
But the market grew, and became the legal requirement that brokers and clear. When you are dealing with an industry worth several dollars Trallonat, no matter what kind of name attached to them, they are a force to be dealt with.
Was and still is a fraud and illegal trading companies in the market. But waking up to the CFTC on the subject, and decided to take action. And they will establish standards for companies trading companies to be legal, and many welcomed the move. But notice that it is still a voluntary action, which makes it more interesting.
When choosing a particular trader trading, the trading company choose you, because he knows then he is protected by the state agency control. This leads to the phenomenon and to keep things clear. It does not cost a trading company of any additional costs, but it may give some sense of security can not be present.
It is bad
There is always the Defenders of freedom between the forex traders to oppose government intervention in all forms. Trade companies, the association becomes a restricted government agency, and I do not want to deal with such situations. They are confident Pachtaarathm with regard to these companies, and do not want to report due to a government agency. And these things are legitimate.
There is also a trading company may not want to be legal to trade the company for any reason, as these companies do not want this agency to monitor all actions, and to feel in the hand of the federal commission. This does not mean that this type of company is more legitimate than others, but they want to remain independent.
It may not matter
Any sector that contains the same amount of money in the forex trader, it will attract fraudsters. And especially everything that happens on the Internet. The initial investment is not significant, and no entrance test.
If, at the end of the day, the words "Dear Buyer Beware" remains true in this case as well. However, government intervention and the advent of legal trade company, will lead to reduce the number of predators, where people descended below, where the appropriate place.
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