Comment Text:
10-002
COMMENT
CL-07809
From:
Sent:
To:
Cc:
Subject:
Joseph Paul Vadara
Monday, February 15, 2010 7:19 AM
secretary
[email protected]
My idea about leverage reduction.
with much pleasure, i want to express my view regarding the decision that CFTC is trying to take concerning the limiting
the leverage of 1 : 100 to 1 : 10.actually i want to say that it will not be good for the leverage to be limited to 1 : 10 instead of the
existing one of 1:100.just as alpari has discover,it will not be encouraging for beginners, though it is well known that the
higher the profit also the higher the lost, yet i think living it as it is now is better, since even as it is now is still allow for a
client to trade at 1:10 so it is likely the same. but it will be very good and encouraging if the leverage will maintain its
position of 1:100 instead of limiting it to 1:10 only. Thank you.
Joseph paul vadara.
