Comment Text:
i0-001
COMMENT
CL-03420
From:
Sent:
To:
Subject:
Robert Row
Saturday, January 23, 2010 10:59 PM
secretary
Regulation of Retail Forex
I am an ASU student and an avid trader of all markets. The only thing that brought me and most college
kids and most speculators to the forex industry was the ability to start with small capital.
Most small traders are under capitalized as is. Yes I do fully understand the concept of leverage and
have been successfully implementing the use of leverage into systems for the past 2 years. As is, the
little guy (smaller trader) is already at a disadvantage in these huge markets with large players. It it not
an unknown fact that a large number of traders don't succeed but an even larger known fact that most
large trading institutions already have a huge advantage with resources, information, and trade
execution. I understand that leverage can and does blow many traders up. But in over-regulating our
forex markets you are also hurting their potential to learn from losing and furthermore hurting their
potential to gain by using leverage in an appropriate manner.
If this passes you will literally take one of the largest advantages for traders away from them and further
disarming a trader as he engages in our markets.
RIN 3038-AC61
Please do not do this. It is not necessary.
Sincerely,
Robert Row
