Comment Text:
i0-001
COMMENT
CL-05318
From:
Sent:
To:
Subject:
all murat bayraktar
Thursday, February 11, 2010 2:16 AM
secretary
Re: Regulation of Retail Forex
Dear Sirs,
And also
I
believe that
small retail traders have very limited impact on the market
because we
can work mostly with dealing desk brokers not ECN brokers
( most of the time our account size does not allow)
that means dealing desk brokers have both long and short customers at the same time so they match them
on their books
and they send to the market (the good brokers) only the balance to limit their risk.
I mean small retail traders did not cause any crisis, please check big banks those market makers in forex and
commodities market.
Those market makers have platforms for retail traders. They are the market makers but at the same time they
run platform for retail traders.
We, retail traders are under their mercy, is it normal?
Best Regards
Ali M. Bayraktar
From:
ali murat bayraktar
Sent:
Wednesday, February 10, 2010 11:04 PM
To:
[email protected]
Subject:
Regulation of Retail Forex
Dear Sirs,
The purpose of this e-mail is about the new "Regulations of Retail Forex
I'm not a US citizen but I work with a US broker therefore the new regulation will also important for me.
I strongly believe that limiting
leverage to 10:1
is highly restrictive and discriminatory against retail
clients because it limits their trading choices.
The proposed limit is not in the best interest of the trading public and additionally discriminates
against forex dealers operating out of the United States.
I must move my account out of US probably this will not be a loss for US brokers but think of thousands of
retail traders move their accounts out of US.
May be other countries will follw US rules later this is also an option.
But please don't turn "retail trading" a job that only rich people can do.
Honestly I'm losing at the moment but still keep my hopes alive.
Leverage to 50:1 is more appropriate in my point of view.
Best Regards
Ali M. Bayraktar
