Comment Text:
i0-001
COMMENT
CL-04778
From:
Sent:
To:
Subject:
[email protected]
Tuesday, February 2, 2010 11:18 AM
secretary
Regulation of Retail Forex
Sirs,
How is de-leveraging the average Forex consumer even remotely helpful? This proposed regulation would
result in ten fold rise in margin requirements for every trade, a cost the small investor such as myself cannot
bear. The net effect will be to drive a large percentage of people from the market, and create a significant
barrier to entry. Those of us who have accepted the responsibility of such leverage and fully understand the
risks, should not be penalized for the sake of a regulation that is not needed.
To those of us in the Forex community the repercussions would go far beyond the mere loss of a trading
platform. I personally spent two and a half years practice trading and countless hours of program development
before even considering live trading. After pulling together the money to start a mini account my first real
trades were only four months ago, and while my success has been limited it still holds great promise. To have
all that time and effort swept away with one misguided regulation, would be a great disappointment to myself
and a great many others.
Please do not enact this regulation.
Sincerely
Andrew Wizon
[email protected]
