Comment Text:
i0-001
COMMENT
CL-05569
From:
Sent:
To:
Subject:
Lydia Idem
Wednesday, February 24, 2010 5:36 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Dear Mr. Secretary,
I am writing to first commend the Commission for taking on the task to regulate the forex markets. My regret is
that you and the Commission make a big mistake in the proposed rule to limit leverage for retail investors. Leverage
levels the playing field so that smaller investors can trade the foreign exchange market, a market once closed to
retail investors.
Traders need to be
educated
so that they can understand leverage and what exactly that is. Traders shouldn't be
hurt nor be saved. All traders must learn leverage to be successful. Allow us to trade the way that works for us and
to make our own trading decisions with the brokers you have kept so honest for us. (Thank you for that!)
Warmest regards,
Lydia
You should follow me on Twitter: @faithmight
Or just read: www.faithmight.com
