Comment Text:
i0-001
COMMENT
CL-05302
From:
Sent:
To:
Subject:
Sandeep Tamhankar
Wednesday, February 10, 2010 12:01 PM
secretary
Regulation of Retail Forex
To Whom It May Concern,
Recently, I became aware of a proposal to restrict forex trading to a 10:1 leverage. This will increase
the required investment by individual investors significantly, leaving forex trading only practical to
institutional investors. I'm not sure what the motivation was for this proposal, but if it was to keep
individual investors from shooting themselves in the foot, I think a better way is to limit the amount of
capital an individual can invest (to say, 10% of gross annual income).
I have been experimenting with forex trading for about a year now in a demo account. I'm about to open
a non-demo account with just $500 and see where it goes. I would hate to lose this opportunity after
having spent a year evaluating if this is a good opportunity for me.
Thank you.
-Sandeep
