Comment Text:
i0-001
COMMENT
CL-07658
From:
Sent:
To:
Cc:
Subject:
Ignotas Kucinskas
Monday, March 15, 2010 4:07 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Ignotas Kucinskas in guildford,
Such drastic leverage restriction is ludicrous. Traders who lose money are mainly the ones who lack knowledge and
understanding of the markets. Even if the change was implemented, such traders still would lose money, just at a slower pace.
It would by no means save novice traders' money. In fact, it would only create an illusion of protecting them.
Every single brokerage has a risk disclosure, which quite clearly warns inexperienced traders about the risks of significant
lOSS.
Illusion of protecting the novice, at the cost of destroying earning opportunities for the experienced ?
Absurd.
An experienced trader will never trade with entire margin. More than a half of capital is out there indeed to protect the
positions.
People who lack the qualification, knowledge and experience to trade, should simply not choose to do so.
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