Comment for Proposed Rule 75 FR 3281
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From:
John O'Hagan
Organization(s):
Comment No:
744
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00744
From:
Sent:
To:
Subject:
John O'Hagan
Tuesday, January 19, 2010 5:17 PM
secretary
Regulation of Retail Forex
Dear Sir
Please note my objection to any changes on retail forex leverage.
i have traded for many years and although the leverage can work against you, it
works well for 90 percent of traders.
You can always start with a low leverage and work up, as i did.
The trading platform/leverage is not the problem ,it is traders education of the
mechanism that can cause problems.
It will only send traders off shore to UK or other brokers as the latest regulations have
done and prove as useless as this legislation
kind regards
John O'Hagan
