Comment Text:
i0-001
COMMENT
CL-07085
From:
Sent:
To:
Cc:
Subject:
Spider
Friday, March 12, 2010 11:09 PM
secretary
[email protected]
Forex leverage regulation
Please leave the leverage in Forex as it is. This is a free country not a socialist state like most regulatory
agencies act as it is. Yes, a person can lose more money quicker with higher leverage but they also have the
opportunity
to make more.
Individuals who do not take the time to learn how to trade or are just not mentally competent to trade will loose
their money and
that is not a good thing. But punishing proficient traders for the failures of other traders is not a good thing either.
It is more Communistic
than protective or fair.
How about a qualification system regulated by the brokers. A trader would start with a demo account, then trade
10:1 until they show reasonable
skills in trading. Then the broker could open the leverage to the trader.
Those traders wanting the higher leverage can earn it.
Thanks for your time in reading my opinion
John Schneider
812-303-5458
[email protected]
