Comment Text:
i0-001
COMMENT
CL-02585
From:
Sent:
To:
Subject:
Phil Lyons
Friday, January 22, 2010 10:25 AM
secretary
Regualtion of Forex Retail
It dismays me that you all are trying to kill the retail forex industry. First you dialed down the leverage to 100:,
changed the way entry orders could be placed by taking protective stops away from the initial order, and now you
want to bring the leverage down to 10:1.
While making money in forex is difficult enough to pick the right trades to make money, if you take the leverage
out
of the equation you might as well put the nail in the coffin. Forex is the one avenue someone of little means
has a shot at growing legitimate wealth, while risking very little capital. If you change leverage they will need more
capital which they won't have. Subsequently hurting the common person and making this a rich man's game. Or
is this meant to make the rich get richer?
Are people doing retail complaining there is too much leverage? I don't think that's the case. Other than someone
got the idea to do this, is there any logic or rational thought behind this?
Phil Lyons CIC AAI
InSource, Inc
9500 South Dadeland Blvd Ste 200
Miami, F1 33156
(305) 670-5337 Direct line
(305) 670-9699 Fax
Visit us online at:
www.insource-inc.com
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