Comment Text:
10-001
COIMMENT
CL-08012
From:
Sent:
To:
Subject:
Samuel Weisgal
Tuesday, March 16, 2010 5:28 PM
secretary
RE: Regulation or Retail Forex
'Regulation of Retail Forex': RIN 3038-AC61
To Whom It May Concern:
I am opposed to any rules, laws or regulations which prohibit leverage. In fact, by making leverage 10 to 1 you increase the
likelihood that any individual who trades will lose their money even quicker. With leverage, I am allowed to use only a portion
of my money, therefore only risking a portion of my money when I put a stop loss on every trade and only trade at a certain
risk factor, say 3% or 5%. Without leverage, I would have to trade the entire account to earn just a portion of what I can win
with leverage. And I am limited to what I can lose by my education.
What is needed is education, not regulation of leverage. Regulation of the Forex Platforms and Brokers, yes. Not leverage.
Sam Weisgal
[email protected]
