Comment Text:
i0-001
COMMENT
CL-05883
From:
Sent:
To:
Cc:
Subject:
Ettienne Bezuidenhout
Thursday, March 4, 2010 1:35 AM
secretary
[email protected]
Regulation of Retail Forex
Good day
I was severely dismayed to learn about the proposed change to available leverage for forex traders.
I feel it is the responsibility of each individual trader to determine which level of leverage to use, after all, you trade with your
own money.
The risk inherent in Forex trading remains, whether you trade at 10:1 or 100:1 leverage, and if you cannot manage that risk, a
reduction in the leverage will not prevent you losing your money anyway.
Freedom of choice must be upheld, allow each trader to determine his own level of leverage, instead of trying to regulate the
industry to death.
E Bezuidenhout
