Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Dennis Hamilton
    Organization(s):

    Comment No: 1838
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01838
    From:
    Sent:
    To:
    Subject:
    Dennis Hamilton
    Thursday, January 21, 2010 1:20 PM
    secretary
    Regulation of Retail Forex
    Hey, it's nice you allow folks to post comments about this upcoming 10:1 leverage proposal.
    The question is, will it do any good? Personally I think the whole thing is bogus. You should
    leave people alone and let them decide what to do with their money. Most people already
    know there are risks involved when they trade forex. If not, they find out quickly. If they are
    unable to develop a winning strategy, and begin to lose money, it's up to them to decide when
    to stop, not you. Also, there is nothing that says one has to open a "live" account immediately.
    One can always open a free demo account with just about any broker and learn the basics of
    trading that way. So, it's not like anybody is being rushed into anything. Got it?
    Please reconsider your proposal. It's stupid.
    Thank You,
    Dennis Hamilton
    ram ble_32 @yahoo. com