Comment Text:
i0-001
COIMMENT
CL-04696
From:
Sent:
To:
Subject:
Damir Matic
Sunday, January 31, 2010 10:18 PM
secretary
Regulation of Retail Forex
While I do agree that retail Forex market is in dire need of regulation, at the same time I do disagree with arbitrary
lowering the leverage to 10-to-1. High leverage is one of the main appeals of the Forex market, and I do believe
that each and every single Forex trader is very well aware of both sides of the equation when it comes to highly
leveraged currency trading. I believe that flexibility is very important in trading, and the ability of each trader to
select a leverage (whatever that may be, 10-1,50-1 ro 100-1) that best matches their personal objectives and
trading style is very important. Legislating the maximum allowed leverage to 10-1 will server no benefit to any of
the parties involved, and if enacted will simply result in traders closing their accounts with domestic brokers and
taking them overseas to brokers that continue to provide familiar high leverages. It is for this reason that I kindly
ask you to reconsider this radical adjustment to maximum leverage, as any such adjustment will adversely affect
both brokers and traders alike.
I do applaud your efforts, but I do also believe that if you listen to the feedback from this community you will find
that majority of the people will feel the same way I do about this particular aspect of the proposed legistlation.
Sincerely,
Damir Matic
