Comment Text:
i0-001
COMMENT
CL-07765
From:
Sent:
To:
Cc:
Subject:
Yahia Ibrahim
Tuesday, March 16, 2010 3:42 AM
secretary
[email protected]
Regulation of Retail Forex
Hi~
This is Yahia, I am one of the forex traders with FXDD. Identification Number: RIN 3038-AC61.
I would like to express my opinion about the new so-called regulations... First of all, it would be so silly to call these
childish ideas 'Regulations' with all the
respect to the committee, as it serves certain clan of traders by sucking more blood (more money to open small lots)
out of small traders.., it's true that trading
on leverage is more risky than trading your own money., however, Forex is already a risky business and the Win-
Loss ratio in the markets are already
pre-determined by nature of the markets...so any person or trader who enters the market is already in risk all the
time..highly-leveraged trading or trading your
own money still no big difference on the nature of the markets itself; disciplined traders would always make money
from the losses of less-disciplined greedy
non-experienced traders..So no need at all to put more rules and regulations to suffocate traders' freedom or
someday you wouldn't even find a trader willing
to invest in US brokerage houses or markets during insuffecient room for ambitions and probably they will head to
european markets.the 100: 1, FIFO and
No-hedging garbage is already nonsense and returned with no benefits but the flee of many traders outta US
markets.
PIZ leave us alone, the markets are already enough burden and no need for more interest-oriented rules!
if you think that this will limit the chances of success of small traders to win in the markets and become millionaires
one day or cause in the losses of
the untouchable -elite- illuminati- secret clan of traders or big instutional garabge, then you're far too wrong.
AIthougth small traders lose most of the time, many of them never give up and some of them will always make it,
and the rest of them may cause in some losses to Big Sharks.
Small traders also represents big portion of liquidty to big traders, so if kept suffocating them..they will flee away
and the results would be
loss-loss situation for both the big sharks and the small fish.. In the end, I am demanding to stop the trail of
garabge, trashy interest-oriented theories from
poisonning more small fish (traders) or someday the Sea Of Trading will be short on Fish and Big Sharks will Die of
either Hunger or killing each others for Food!!!
Hotmail: Free, trusted and rich email service.
Get it now.
