Comment Text:
i0-001
COMMENT
CL-07433
From:
Sent:
To:
Subject:
Jan Modelski
Sunday, March 14, 2010 3:39 AM
secretary
Proposed 10:1 leverage debate.
Hi,
I would like to add a short comment on the proposed restriction of trading
leverage to 10:1 in the forex market.
I believe it's a severe infringement of personal choice. Potential traders
in the forex market don't need restrictions. They need education. But, and
it's a big but, many don't want to learn.
So what will happen if you do restrict trading leverage to 10: 1? Some
traders will still blow up there accounts because whatever the restrictions
you place, these traders will still not have the education to trade safely
for the long term.
In a democratic society, freedom to make choices is the greatest right an
individual can have. Otherwise how will he learn.
Sincerely,
Zyndram Modelski
