Comment Text:
i0-001
COMMENT
CL-04158
From:
Sent:
To:
Subject:
Emilson Margoto
Tuesday, January 26, 2010 8:30 PM
secretary
Regulation of Retail Forex
Hello,
Here is my identification number: RIN 3038-AC61
The Forex Broker which I trade with had warned me about your
regulations concerning retail Forex trading.
If I may, I'd like to share my opinion about leverage limitation.
The leverage is one of the main characteristics of Forex that attract
operators (I don't like to use the term "investors" because in Forex
the people must work hard for their profit).
Small players like me would be vanished from this market with a such
levarage rate (10:1).
I sincerily believe you'll reconsider this subject because it would
punish the weaker side of this market, the one which might be
protected.
Best regards,
Emilson Margoto
A day-trader must have
-
the discipline of a machine
- the instincts of a fox
- the emotions of a rock
-
the skills of a surgeon and
-
the patience of a saint.
