Comment Text:
i0-001
COMMENT
CL-06076
From:
Sent:
To:
Subject:
Robert Christy
Friday, March 5, 2010 9:54 AM
secretary
Regulation of Retail Forex
re: *RIN 3038-AC61
I am a professional forex trader and have been a trader for more than 25
years. I have traded stocks, options, commodities and now currencies.
The concept of leverage is a double edge sword. It is both a tool and a
weapon. It does great things and it spells disaster when used improperly.
Regulating leverage does the market a big disservice to those who have
paid their dues and have learned to harness the power of leverage.
Leverage is all about personal responsibility. It's a learned behavior
much like learning to take a loss.
Education is paramount. So are ethics in advertising.
Please leave leverage alone. In the right hands, it's not a problem. In
the wrong hands, it won't matter one iota is the leverage is 10:1 or
100:1 because the investors who aren't prepared for this market are
doomed to fail anyway.
Robert Christy
404-290-8445
