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Comment for Proposed Rule 75 FR 3281

  • From: Greg G
    Organization(s):

    Comment No: 1712
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-01712
    From:
    Sent:
    To:
    Subject:
    Greg G
    Thursday, January 21, 2010 10:45 AM
    secretary
    Regulation of Retail Forex
    RIN 3038-AC61
    Hello, My name is Greg and I trade retail forex, and have been doing so for the last 5 years. The recent
    changes made by the CFTC to change the maximum leverage to l:100 was a bit of a set back as I was
    trading with a 1:200 leverage amount. Since the change, I have still done reasonable well. I do think
    that there are traders out there that use too much leverage, but that is:
    1. Their choice because of experience, and they maximize profits