Comment Text:
i0-001
COMMENT
CL-08562
From:
Sent:
To:
Subject:
Mary Helen Welter
Thursday, March 18, 2010 9:46 PM
secretary
Regulation of Retail Forex
Hello
I am writting to let you know that I strongly and totally disagree with changing the Forex leverage. It will
completely knock me out. I have stduied, and demoed, and practiced with small live accounts, i have learned alot
for the last 2 yrs. and now I am getting ready to get in. I do not have the big money to start with ( like $10,000.00
is what it would take).
Besides my personal dilema, there will be many jobs lost and many brokers going out of bussiness, because
huge amounts of people will be forced to go out of the country. There will not be much protection for those many
Forex Traders.
Why not impose some type of Demo time requirement or something like that. The People who get into Forex
thinking it is a get rich quick scheme not taking time to learn any money management, or risk management are
going to loose thier account quick.., and then learn!
Maybe it is these Forex Robot Advertizers who appeal to people who have no idea how to trade.
In any case PLEASE do not change the leverage...It will only cause more problems. RIN 3038-AC61
Thank you
Sincerely,
Mary H.Welter
