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Comment for Proposed Rule 75 FR 3281

  • From: Rob James
    Organization(s):

    Comment No: 2062
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02062
    From:
    Sent:
    To:
    Subject:
    rob j ames
    Thursday, January 21, 2010 6:11 PM
    secretary
    regulation of retail forex rtn 3038-ac61
    i am vehemently against any reduction of forex trading leverage below 100:1.
    i do not want to have to commit $10000 to my forex account to trade, leave matters as they are so traders
    can trade as little as they desire.
    i have spent years learning how to manage risk with 100:1 leverage, lowering risk leverage requires
    traders to use larger stops which interferes with their hard learning trading tactics.
    forex should not lose its liquidity by eliminating small traders who do not wish to commit $10000 to
    trading.
    larger capital requirements is what drove me from stocks to forex.
    r james
    florida