Comment for Proposed Rule 75 FR 3281
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From:
M B Ramirez
Organization(s):
Comment No:
1493
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01493
From:
Sent:
To:
Subject:
M. Ramirez
Thursday, January 21, 2010 2:24 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
I am against the limitation of leverage in Spot FX to 10:1. No one engaged in this type of
speculation is a child. We are all adults and know how risky FX can be. The same can be said of
stocks, gold, oil, etc.; but I don't see you limiting how much investors/traders risk.
If you want to help traders/investors in the SFX market, investigate the slippage that happens too
often when waiting for an order to be accepted. Investigate the platforms that seem to go offline at times
when there is much opportunity to make money.
Limiting how much we can leverage is like telling a gambler he can only bet $5 at roulette, and yet
you don't do anything about the magnetized wheel.
Let us determine for ourselves how much we are comfortable risking.
MBR
