Comment for Proposed Rule 75 FR 3281
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From:
Jay Sweet
Organization(s):
Comment No:
751
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00751
From:
Sent:
To:
Subject:
[email protected]
Tuesday, January 19, 2010 5:23 PM
secretary
Regulation of RetailForex
Aloha CFTC,
I have just become aware of your intent to investigate reducing the margin on FOREX.
This would greatly affect my trading account. I would like to strongly voice my opposition on this matter.
I believe, education is more important than anything for the new trader. The marketing of the Forex by some
brokers does not meet my personal expectations. There could be a test for the new traders to demonstrate they
have a understanding of the use of mini pip sizing. These can be reduced to pennies per trade.
This should protect new trader as they learn. The stock market uses skill levels for options approvals perhaps
you should look in that direction.
Thanks for listening to everybody opinion. I do hope you make the right decision.
Again No to changing Forex margins.
Mahalo,
Jay Sweet
569 Paopua Loop
Kailua,Hawaii 96734
808-262-0494 Home
