Comment Text:
i0-001
COMMENT
CL-04980
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Sent:
To:
Subject:
Solo
Thursday, February 4, 2010 11:37 AM
secretary
Regulation of Retail Forex
Hi, I've been told that there's going to be 10-to-1 leverage on currency markets. This basically means that I'm
prohibited from traiding currencies, because I will never be able to put so much money.
Why government decides whether I am allowed to trade currencies or not? Obviously, your response will be "it's
for your own 3rotection", but (again, obviously) NOT A SINGLE CURRENCY TRADER asked you for such
protection.
This decision ~s also stupid, because you will suffocate forex dealers (because their profits will shrink), they will
fire at least half of their US personnel (increasing unemployment) and then move their business to other
countries, so you will also lose income in the form of taxes. What a great idea!
