Comment Text:
i0-001
COIMMENT
CL-06691
From:
Sent:
To:
Subject:
Ray Davies
Tuesday, March 9, 2010 3:49 PM
secretary < secretary@ C FTC. g ov >
Regulation of FOREX Trading
To Whom it May Concern,
I cannot believe that the regualtors are to propose a 1:10 levergae on any FOREX Commodity
trading.
I for one will have to completely stop any further trading as a result of this decision.
Why, do you ask ....
I am a new trader who is learning the ropes, so to speak.
At the moment I trade small lots that allow me to affordably trade, with small risk, that I can
afforda bly support.
I can not imagine how I could afford to be a player under the new proposal, let alone make a start
in this industry.
I treat FOREX with respect and so dont understand how this new proposal will benefit me or any
other new, small investor into the future.
What the heck is this going to achieve for anyone other than the financial Institutions, who fucked
up the financial systems in the first place.
If anything it is the small investor like myself who achieve a balanced approach to FOREX Trading,
as it hits ones hip pocket directly.
I beg you to reconsider this proposal.
God knows whose dunmb brain this idea came out of in the first place.
I won't hold a punch on this as it is the essence of a totalitarian state that would take away the
ability from a small investor like myself.
I hope you all rot in hell if this ever comes to be.
Many Cheers
Ray
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