Comment Text:
i0-001
COMMENT
CL-05908
From:
Sent:
To:
Subject:
reno neveda
Thursday, March 4, 2010 4:16 AM
secretary
Regulation of Retail Forex
Dear Sir / Madam,
I believe all traders, especially the small traders (average citizens --- average only have $5,000 to $10,000 capital
in the Forex trading), should have the right to choose the amount of leverage that is appropriate for his/her risk
appetite. Especially in the Forex market small trader would NEVER lost more than what he/she invested in. It is not
like in the Real Estate investment which the invester borrow money from the lending institutions. Thus if he / she
made the wrong investment choice, the money he borrow with high leverage will be lost more than he/she originally
invested in.
If the proposed 10 to 1 leverage is imposed on the Forex traders, you just as well to eliminate Forex trading for
millions of small Forex traders.
I urge you to leave the leverage of Forex Trading to 100 to 1. So many of us small Forex Traders will still have a
chance to earn our money through the Forex Market.
Respectfully yours,
Gilbert Lum
