Comment Text:
i0-001
COMMENT
CL-02300
From:
Sent:
To:
Subject:
Muse Desta
Thursday, January 21, 2010
9:40 PM
secretary < secretary@ C FTC. g ov >
Forex Retail Trader
Hello,
I'm a Forex retail trader. I'm against your proposal to limit retailforexleverage 10:1
As long as the forex brokerage firms clearly disclose upfront the risk involved trading the forex
market, and the consumer understands the risk involved. I don't see the point for you to limit
leverage 10 : 1
This proposal will make the leveling field uneven. It will increase the margin requirement to
participate in the retail forex market. Therefore, only those with big fund will benefit from it.
If you really want to protect the consumer from losing money, then make the brokerage firms
ensure all participants must be adults, and those under 21 years old should have their parents
permission to open account.
I hope you abandon this proposal.
Forex Retail Trader.
Muse Desta
