Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Richard Douglas
    Organization(s):

    Comment No: 36
    Date: 1/14/2010

    Comment Text:

    io-ooi
    COMMENT
    CL-00036
    From:
    Sent:
    To:
    Subject:
    Richard Douglas
    Thursday, January 14, 2010 7:21 PM
    secretary
    Regulation of Retail Forex
    Amount of leverage will have no effect whatsoever on how fast you blow up your account, you can still max out
    whatever leverage they give you. You will simply have more money in your account when you blow up cause of the
    high margin requirement .... for example ... instead of having 1,000 left in your account after you blow up, now you
    will have 2,000 after account blow up . No affect on how fast you lose it. Only affect is you will WIN slower ..... if
    you have deep pockets it wont affect you much but if you are just starting out and have just realized how to trade
    profitably you cannot become rich as quick. "rich stay rich poor stay poor"