Comment Text:
i0-001
COMMENT
CL-08659
From:
Sent:
To:
Cc:
Subject:
Guy Barry
Saturday, March 20, 2010 2:28 AM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Guy Barry in Montreal, Quebec
Dear Mr. Stawick,
I understand the persuasive arguments for 10: 1. But forex is special, it makes the financial markets accessible for
everybody. All markets carry similar risks. Anybody who tells the truth will say any investment in markets should be
written off before you make it. This is the true level of systemic risk. In forex you see it, there are no lies, no
misrepresentation, no fooling. It gives all the opportunity to learn day trading and the nature of the markets. Spend
time in forex and you will never listen to Madoffs again. Some do make it, it is like anything. But 10:1 leverage is
like making pro- basketball accessible only to those who go to private school. 10:1 is for banks, but the democratic
reach is for individuals, who are not banks.
Very Best Wishes,
Guy
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