Comment Text:
i0-001
COMMENT
CL-03593
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WB Heilmann
Sunday, January 24, 2010 6:44 PM
secretary
Regulation of Retail Forex
ATT00002.htm
The newly proposed changes to US trading rules have a few good ideas in them,
but the 10:1 maximum leverage limitation is a bit extreme, don't you think? This
is a very severe limitation for those who trade Forex using responsible risk management
practices.
One who trades irresponsibly will quickly find oneself out of funds and out of
Forex trading. That is the fault of the individual trader, and that trader should
not have been involved with Forex in the first place. No amount of "protective"
regulation can save such a trader from (stupidly) not following good risk management
principles. Therefore, a governmental entity should not try to "save" irresponsible
traders from their own poor business practices...let them fail so that they can
find a more suitable way to invest their money.
The 10:1 limitation would be horribly restrictive for knowledgeable and responsible
Forex traders. Please do not implement this poorly-conceived regulation.
Thank you for taking the time to read this message.
WB HeilmannThe newly proposed changes to US trading rules have a few good ideas in them, but the 10:1
maximum leverage limitation is a bit extreme, don't you think? This is a very severe limitation
for those who trade Forex using responsible risk management practices.
One who trades irresponsibly will quickly find oneself out of funds and out of Forex trading.
That is the fault of the individual trader, and that trader should not have been involved
with Forex in the first place. No amount of "protective" regulation can save such a trader
from (stupidly) not following good risk management principles. Therefore, a governmental
entity should not try to "save" irresponsible traders from their own poor business practices...let
them fail so that they can find a more suitable way to invest their money.
The 10:1 limitation would be horribly restrictive for knowledgeable and responsible Forex
traders. Please do not implement this poorly-conceived regulation.
Thank you for taking the time to read this message.
WB Heilmann
