If you were to compare someof the majorpairs in the forexmarket, youwouldimmediatelynotice thatmanyhave an uncanny resemblance in their pattern. Below is an example of the EUR/JPY vs.
For more details on the 360-day foreign bank deadline, see a blog update from the InvestmentLawGroup.com: Major Development: Foreign Banks Still Eligible Counterparties for Retail Forex Traders.
American forex traders are being forced to trade with no more than 50:1 leverage on the major currencies (20:1 on minors), FIFO (no hedging rule) and without any form of money protection.