Comment Text:
i0-001
COMMENT
CL-03646
From:
Sent:
To:
Subject:
Laurie Judd
Sunday, January 24, 2010 11:00 PM
secretary
forex trading, retail conditions.
Dear Sir/Madam,
I am writting with concern re the proposed changes being considered for the forex retail trading market,
in particular the adjustments proposed to the leverage requirements.
Please take account that there is already an extraordinary system and asset in place. By that I mean it
allows the free market system to operate and be open to all.
Yes I believe that the skill levels required to use forex successfully takes years of training and is with
out doubt possibly the most differcult profession to learn and survive, there for it is vital to allow
trainees as well as fully accomplished to have access to live and real systems without harsh entry
conditions.
Never forget that all derivatives trading, forex included are instruments designed as an insurance action
for all business to enter if they wish to do so.
As part of that system, intermediatry,small and sole traders have a part to play in balancing out the
normal future business rythems, it is vital they do, to lesson extremes and keep the system honest and
open to account.
My concern is that in this modern world a very very small percentage of business and for that matter the
public knows little about the use and action of these instruments to protect there assets.
The instruments are not at fault, it is the lack of knowledge and unwarrented fear brought about by the
lack of understanding that needs to be addressed.
Remember USA has the finest and best business systems in the world, all brought about by technology,
asset protection and free enterprize. So make little adjustments only as it will have very big implications.
So for me I ask that you do not make any adjustments to the already excellent legislation as it will only
serve to block the entrence for the decent young and very enterprising, in other words our future.
Thankyou for your attention to my request.
Bruny Island resident,
Laurie Judd.
