Comment Text:
i0-001
COMMENT
CL-04574
From:
Sent:
To:
Subject:
Paul Platis
Saturday, January 30, 2010 10:05 AM
secretary
Regulation of Retail Forex
Dear Sirs,
I have been trading a live account for about 5 years, RIN 3038-AC61 . Part of my personal trading strategies
in developing and testing new trades I need to trade a live account but at a reduced risk so therefore need a
higher leverage flexibility to test my strategies. I also utilize my demo account for this in testing and
development but a live account and trading is needed in the final analysis. Also, most new traders need
to trade at a lower risk in order to master the business of trading and this takes time and recourses (money) to
do so.
It takes 6 to 7 years of formal education and a great deal of money to get a Masters Degree to compete in
today's workplace. Most individuals cannot afford this route to a better living so please do not make it more
difficult to pursue our passion. Higher margin requirements do not reduce the risk in trading or make trading
anymore reliable. Millions of Professionals are now working in other fields or have dropped out of their
profession altogether as I have in order to make a living, take care of my family, and pay taxes. Jobs and the
economy have been at risk since the 1970s and people need more choices in making a career and living.
Please give us the chance and tools in which to make this work for us and keep the current leverages the
same and margin requirement low.
Sincerely Yours,
Paul Platis
Active Trader
