Comment Text:
i0-001
COMMENT
CL-08614
From:
Sent:
To:
Subject:
tradecents@verizon, net
Friday, March 19, 2010 2:46 PM
secretary
Regulation of Retail Forex
Ref: RIN 3038-AC61
Retail Forex traders should be allowed to select the risk leverage for their account.
The National Futures Association has made it mandatory to display the risk warning
to traders for trading the Forex market. Money management education is available
to Forex traders with suggestions of setting stop losses at 1-3% of your account capital
for each trade. The Forex educators advise is for trade risk capital be 10-20% for each trade.
If traders do not use these guidelines and take on higher risk for their trades then that is their fault.
All Forex traders should not be restricted to the new 10:1 leverage regulation just to protect the
few who do not limit their risk. Forex traders should be allowed to select their level of risk leverage.
