j8686 asks; "How do the new National Futures Association impact for the small American [Forex] trader?"
Doc Brown Answer; "The NFA is a group of predatory attorneys that exist to suck garbage fees out of your account. They cause huge problems in futures where they basically muzzle otherwise good educators who have made the mistake of registering with the NFA. Right now the NFA is posturing to force regulation on Forex cash trading. The recent regulations have negligible affects on your trading. BUT, even if the NFA eventually makes sizable inroads in Forex (as they have parasitized futures) you will still be able to simply move your account to the United Kingdom through a large clearing firm like FxCM."
-Doc Brown
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