Comment Text:
i0-001
COMMENT
CL-04136
From:
Sent:
To:
Subject:
noslembor
Tuesday, January 26, 2010 6:48 PM
secretary
Regulation of Retail Forex
The idea of limiting leverage to 10:1 in forex in a joke. Why is it every time stupid people get in over
there head without educating themselves everyone has to suffer. Quit acting like communist. The lower
leverage will not stop idoits from losing money. Leave it be and focus on manipulation, false
advertising, broker financial reliabilility, etc. Can't anyone read disclaimers. This is an attack on retail
traders rights. Might as well give yourself a raise and throw more of our money at the banks so they can
use it to leverage their investments on the currency markets. So when you lower the leverage on retail
accounts I guess we all will just start using currency options. Or are options next? Whats more risky
than holding stocks overnight? I guess those need to go too. The point is every trader large and small
should have the right to assess their own risk and trade the market they are comfortable with. If you
want to protect inexperienced traders then try regulation that requires brokers to not allow the account to
go below zero. All money used in trading is risk capital. Meaning you can lose it at anytime. You are
focusing on the wrong things.
