Comment Text:
i0-001
COMMENT
CL-05571
From:
Sent:
To:
Subject:
[email protected]
Wednesday, February 24, 2010 9:08 AM
secretary
Regulation of Retail Forex
I am taking this opportunity to express my strong belief that changes in the leverage rules for trading Forex
in the United States is wrong.
Trading Forex with the current 100:1 leverage is an avenue (and, perhaps, the only avenue) for small
investors to make real gains in personal wealth. While there are significant risks involved in trading Forex,
there are also rewards of significance. I believe the reason many small investors lose money investing in
Forex is a result of their own lack of experience in managing their accounts. Losing money has nothing to
do with the level of leverage. Rather, most people who lose money trading Forex do so because they do
not take the time to learn the skills required to trade successfully. Changing the leverage levels will only
cause inept trtaders to lose money more quickly.
Please do not change the leverage requirements. Changing the leverage levels will not help inexperience
and/or inept traders and prevent them form losing money. Experienced and skilled traders will be
unnecessarily penalized.
John Sundquist
6812 Spanish Bay Drive
Windsor, CO 80550
970.290.4719
