Comment Text:
i0-001
COMMENT
CL-05479
From:
Sent:
To:
Subject:
Terry May
Saturday, February 20, 2010 10:55 PM
secretary
Regulation of Retail Forex
Word has it a regulatory change is coming that will move fx leverage to a ratio of ten to one. That will, of course, put small
traders out of business and leave the market to the wealthy.
I hope that is not the purpose. I Certainly concur that margins of 200:1 or even 400:1 are not necessary or safe. My
broker trades only mini-lots at margin of 100:1, and I believe that is a fair and reasonable ratio. It allows small accounts to
participate in trading with the prospect of some profit, but does not encourage huge losses.
A leverage of 10:1 will simply mean that years of study and trial are wasted for many of us and we will be shut out because
we don't have enough available cash to make meaningful profit versus risk. All trading is about profit versus risk, even the most
regulated.
Thank you. [email protected]
