Forex News from Newsminator.com:
The CFTC dropped a proposition to reduce the amount of borrowed finances that fx dealers can use to trade forex contracts to 10:1.

However the Commodity Futures Trading Commission proposal was opposed by most of the currency trading brokerage firms as well as forex traders. The reaction resulted in huge number of comments and feedback.Hence CFTC trashed the previous proposal and decided to go ahead with a another rules where the firms can’t offer a leverage ratio of more than 50-to-1 for leading currencies or 20-to-1 leverage for the more unusual kind.
The new rule looks to be a more balanced option to give dealers plenty of opportunity to get earnings still protect them from fraud.

The new proposal should be a good new for traders, forex brokers as well as those who are publishing new forex trading tools ( view Forex Bulletproof review ) particularly because fx trading market is booming.