Comment Text:
i0-001
COMMENT
CL-01786
From:
Sent:
To:
Subject:
[email protected]
Thursday, January 21, 2010 11:51 AM
secretary
Regulation of Retail Forex
To whom this may concern,
I'm writing about the proposed regulation of the retail forex. I disagree with limiting the leverage to 10-tol. If a
person wants to risk their money in the markets and lose it that the onus should be on the trader not CFTC.
That's what the risk disclaimers are written for. Many of the retail FX traders don't understand the interbank FX
market because they didn't get the proper training in equity management along with a sound trading
methodology.
Why is that when a new generation of traders who want to create wealth enter into the business of FX trading. All
of a suddent the CFTC wants to regulate it when for decades other people were allowed to participate and create
wealth. To me they are just scapegoating the small guy for people who got hurt during the credit crisis.
