Comment Text:
i0-001
COMMENT
CL-04494
From:
Sent:
To:
Subject:
DAVID ANDERSON
Friday, January 29, 2010 7:04 PM
secretary
Forex margin requirements
As an active trader, I strongly urge you NOT to change the margin requirements for the Forex
industry. As a group, traders are well informed by the brokers about the risks involved, but
choose to take them anyway. That is our right, and we do not need the government to protect
us from ourselves in this matter. If you want to ensure that brokers are operating above board
without manipulating their spreads or data feed, by all means, that would be helpful. But DO
NOT limit the margin on Forex accounts to 10%. You would eliminate those of us with small
accounts who are diligently learning our craft with relatively low risk exposure. You would also
remove the hope we have for being able to actually create a living or create wealth through our
trading efforts.
Sincerely
David Anderson
Part-time Forex trader
