Comment Text:
i0-001
COMMENT
CL-01512
From:
Sent:
To:
Subject:
Premanandhan Abel
Thursday, January 21, 2010 3:20 AM
secretary < secreta ry@ C FTC. g ov >
New Proposal
Dear Sir/Madam,
I have been trading Forex for the almost a year now. I am a South African citizen living in India
and currently hold an account with
Interbank FX (IBFX). Trading live with reasonable risk management has allowed me to overcome
my initial pitfalls. I personally feel
that there is no need to put in these new measures (10:1 Leverage). We, the small traders, are
made fully aware of the risk
involved in currency trading by the brokerage firms. For some of us, this is our livelihood and we
are aware of our responsibilities.
Please do not take away our freedom to choose the leverage with which we feel comfortable.
Thank you.
P.Abel
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