Comment for Proposed Rule 75 FR 3281
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From:
Pratik Ratra
Organization(s):
Comment No:
1283
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01283
From:
Sent:
To:
Subject:
Pratik Ratra < pratikratra@ hotmail.com >
Wednesday, January 20, 2010 10:17 PM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
I totally agree with your proposal of limiting the leverage in retail accounts to 10:1. 95% of the
forex traders are losing money and the dealers are the ones who are making money on their
expense. When stock trading has a much lower leverage then why forex has so much?
Forex trading is a big SCAM and this is indeed an important step from your side which would
protect many people from losing their hard earned money. I have been trading curency for the last
3 years and know many a people who have lost fortunes in this scamming industry. I currently
trade with OANDA FX Trade.
Should have any questions please feel free to call me at 4168407727.
Sincerely
Pratik Ratra
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