Comment Text:
i0-001
COMMENT
CL-01848
From:
Sent:
To:
Subject:
Sami Ishaq
Thursday, January 21, 2010 1:30 PM
secretary
Regulation of Retail Forex
Dear Sir/Madom:
As a small trader with a capital under $5000, I believe that most of the regulations that were introduced
over the past a few years made the FX industry a safe investment environment, which helped large and
small traders alike. However, the new proposed leverage rule limit to 10:1 is unfair to small traders like
us who have invested a lot of money and time in education and have been able to experience this
exciting market. The majority of Forex traders can distinguish clearly between leverage and risk and
have been trading for years using strict management rules. Others who choose to treat FX market as a
gambling platform will inevitably depart sooner or later whether the leverage is 100:1,10:10 or 1:1.
I O_l)_l~OSe
this rule very much and I don't see how it helps protect us but what it will do is unfairly
eliminate educated traders with limited capital resources from this market. I believe that we should be
given the choice of what leverage we should use when trading.
Best Regard,
Sami Ishaq
FX trader
