Comment Text:
i0-001
COMMENT
CL-04681
From:
Sent:
To:
Subject:
Abby Niles
Sunday, January 31, 2010 4:58 PM
secretary
Regulation of Retail Forex
I am against
lowering leverage to 10:1
100:1 leverage is NOT the reason people have blown their accounts. Lack of and/or inadequate risk
management is the reason. You could give someone 5,000:1 max leverage and it would not cause an
account to blow.
Besides, these people who blow their accounts are not victims to anyone but their own way of thinking.
Everyone is free to succeed and fail by their own doing. Some people are built to fail. Tools used by a
failure are not the reasons for their failing.
This reminds me of when I went through a training program that had an 80% failure rate. That 80%
always had every excuse other then they could not hack it. It was not something they could handle. And,
there's nothing wrong with the fact that they failed however, there is a whole lot of wrong going on
when failure restricts the progress of others.
This is mental weakness being imposed, and promoted within our society. Don't take my word for it
though... Just keep watching...
The "No loser" mentality is such a weak and completely idiotic philosophy. If no one is losing, then no
one is also winning.., except of course the ones regulating. That makes everyone a loser in the big
picture.
[] The person who risks nothing, does nothing, has nothing, is nothing, and becomes nothing."
- Leo F. Buscaglia
