Comment Text:
i0-001
COIMMENT
CL-03662
From:
Sent:
To:
Subject:
laurie j udd
Monday, January 25, 2010 12:02 AM
secretary
forex retail trade conditions
Dear Sir/Madam,
I am writing 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 difficult 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, intermediate,small and sole traders have a part to play in balancing out the normal
future business rhythm, it is vital they do, to lesson extremes and keep the system honest and open to
account.
My concern is that in this modem 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 unwarranted 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 enterprise. 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 entrance for the decent young and very enterprising, in other words our future.
Thank you for your attention to my request.
Bruny Island resident,
Laurie Judd.
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