Comment Text:
i0-001
COMMENT
CL-06877
From:
Sent:
To:
Subject:
Francois Gauvreau
Friday, March 12, 2010 7:02 PM
secretary
forex leverage
Dear Sirs (Ladies),
The new proposed forex leverage cap seems somewhat extreme, but I am more in agreement
than not, as I have traded extensively, and despite my hard work, myself and quite a few
associates I should add, using advanced courses and software, none of us have achieved
consistent profitability.
The average trader does not understand the risk, due to his own predisposed psychology
which will ultimately lead to failure.
I expected a 50-1 cap, that being said I will support a stricter cap, although I am only half-
heartedly saying yes. By the way, I do not trade forex because of the risk, and I am voting a
yes only to hopefully save others from disaster.
No doubt the online forex industry is in for a huge loss of clientelle, as the traders will flee to
Futures and option trading.
Thanks for reading,
Francois Gauvreau
