Comment Text:
i0-001
COMMENT
CL-07164
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Subject:
Allan Baxter
Saturday, March 13, 2010 4:20 AM
secretary < secretary@ C FTC. g ov >
cftcfeed back@ fxd d. corn
leverage
Hello
In my opinion leverage is a fantastic asset to the forex trader that understands what it is. If well
thought out trading strategies and correct money management practices are adhered to then the
higher the leverage the better. It is not the leverage ratio that is a problem but the understanding
and the education surrounding its use. Any trader that loses his account balance is not educated
sufficiently to be live trading in the first place. As I have said it is the trader at fault not the
leverage.
There is a common saying that springs to mind that Americans will have heard plenty of times
before. "It is not the gun that kills people, but the person pulling the trigger"
One possible suggestion would be to cap the leverage ratio for novice and uneducated traders until
they have a minimum trading time credited to them by the broker who holds there LIVE account
details.
Traders who have spent many months or even years educating themselves about how to trade
successfully should not be penalised by restricting the earnings potential that high leverage can
give
regards
A Baxter UK
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