Comment Text:
i0-001
COMMENT
CL-06774
From:
Sent:
To:
Subject:
Steve Caprara
Thursday, March 11, 2010 3:45 PM
secretary
Regulation of Retail Forex
Dear Secretary-
I am actively involved in the business of FOREX trading, I am opposed to the reduction of leverage to
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for retail FOREX transactions. I don't see
any benefit to this at all, only downside. No one is forced to leverage their accounts to 100:1, most platforms allow for a reduction of leverage if
the client doesn't want the 100:1 leverage. In addition, it is the responsibility for all traders to trade safely and within their financial means.
Reducing the leverage won't help traders that are irresponsible and will take away a key asset to responsible traders.
Thanks for your consideration,
Steve Caprara
13638 N. 38th St.
Phx, AZ 85032
[email protected]
