Comment Text:
i0-001
COMMENT
CL-02293
From:
Sent:
To:
Subject:
Waruna
Thursday, January 21, 2010 9:37 PM
secretary
Regulation of Retail Forex
identification number RIN 3038-AC61 . I am compeletly outraged about such a nonsense regulation
would be even under consideration. Forex trading mainly is lucrative simply because of the leverage,
Only people with large income can trade in the market, having such a low leverage would decrease
gains and thereby increasing losses, losses in trading will occur because the profit margin will
decrease and the losses general remain the same because it is not the market activity that will
change but the traders abilty to outperform the market because of gains larger then their losses.
Please do not limit traders so they can begin Iossing. Traders or anyone in any trading market loses
not because of leverage at all, but because of lack of knowledge. Having the ability to choose the
leverage ratio is the best 100:1, 50:1 . Leverage is a must to even trade on the forex market the
movement of pips are very small and this market exists because leverage gives us the abilty to make
income with these tiny movements in price. Please do not make such a unnecessary change just to
feel like somthing has been done, traders know, the people in the market knows, just like a plumber
only really knows about plumbing, that regulating the amount of leverage is only going worsen the
market and create losses and would not protect traders but actually put them in harms way. Thank
You for your time.
Sent from my iPhone
