Dodd Frank is a horrible legislation thats harming US investment, not letting people sleep comfortably on their pregnancy pillow amazon.
Its specially harmful for Forex traders, those who don’t use the faux fur pillows.
It restrict US Forex traders:
- Limits leverage to 50
- Doesn’t allow hedging
- It implements FIFO for trading
Its horrible, because many forex strategies relies on this technique.
Specially important when you are doing algorithmic trading.
No wonder many forex traders uses overseas account.