Comment Text:
i0-001
COMMENT
CL-02743
From:
Sent:
To:
Subject:
carlton, [email protected]
Friday, January 22, 2010 2:19 PM
secretary
Regulation of Retail Forex
While I applaud the CFTC's efforts to protect the consumer with regards to retail FOREX trading I am
firmly against the current proposals to lower margin levels to 10:1. Such measures would adversely
affect small scale traders. In some cases this lower level or margin would eliminate a significant number
of small scale traders from the retail FOREX market. []
Most people who trade FOREX are aware of the risk involved and KNOW that loses can take place. It's
really up to the trader in question to manage his loses appropriately as part of using sound risk
management. It's not the governments responsibility to determine the level of risk a trader decides to
take that is the right of the individual. Please keep this in mind when proposing new regulations to
protect the consumers. []
Best Wishes
Carlton Ellis
