Comment Text:
i0-001
COMMENT
CL-03466
From:
Sent:
To:
Subject:
peter
Sunday, January 24, 2010 7:32 AM
secretary
Regulation of Retail Forex / R1N 3038-AC61
Dear Sirs,
Reducing leverage to 10:1 will not decrease risk exposure in no way. With higher leverage and proper
money management can retail traders do a much much safer trading. With reduced leverage you will
have margin calls all over the place. Lack of knowledge and greed is what makes risk, NOT
LEVERAGE! This is a responsibility of traders, not legal authority! With this kind of regulation you
will bury freedom of choice. If legal authorities really care for people, they should lower income taxes
and at this point many of retail traders would not even try to trade forex, because there would be no need
to trade forex.
USA forex brokers are one of the best brokers in the world and with this kind of regulation will sure go
to history.
Reducing leverage to 10:1? NO!
Best wishes,
Peter Babnik
Europe
