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Comment for Proposed Rule 75 FR 3281

  • From: Ryan Hunt
    Organization(s):

    Comment No: 1426
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01426
    From:
    Sent:
    To:
    Subject:
    Ryan Hunt
    Thursday, January 21, 2010 12:42 AM
    secretary
    Regulation of Retail Forex
    RE: RIN 3038-AC61
    1 am against limiting the maximum leverage on FOREX trading to 10:1. The currency markets change
    in much smaller percentages than the stock markets. There is no doubling or tripling of value in
    currencies like you can see in stocks. Likewise, currencies aren't at much risk of going to zero like an
    equity. In order for me to trade in FOREX and make a healthy return on small movements, I need better
    leverage than 10:1. I prefer 100:1 and I will remain vocal about it.
    Regards,
    -Ryan Hunt
    Pine River, MN