Comment Text:
i0-001
COMMENT
CL-05446
From:
Sent:
To:
Subject:
Jose Garcia
Thursday, February 18, 2010 3:49 PM
secretary
Regulation of Retail Forex
I understand that this proposal is meant to protect us from risk, but leverage can also help those who
take the time to educated themselves and those who continually try to improve their
risk management (or money management) skills. I'm a big believer in being responsible for your own
actions. If a new investor or retail trader makes unwise trading decisions and ends up losing his money,
it's his fault for not taking the time to learn how it really works, not the brokers for offering too much
leverage. I myself lost 80 percent of my original investment due to retail trading, but I was fairly new to
forex and I took the experience as a learning one and improved because of it. I didn't go crying to the
government like many people do these days. So, please do as you should-protect the people and their
property, but don't limit our potential just because a few greedy-uneducated-impatient traders lost
money.
RIN 3038-AC61
