Comment Text:
i0-001
COMMENT
CL-02121
From:
Sent:
To:
Subject:
Eric Wilson
Thursday, January 21, 2010 7:16 PM
secretary
Regulation of Retail Forex- Leverage
Dear CFTC,
I have been demo trading in the Forex market for months using 1:100 leverage and am preparing to go
live in the coming weeks. Reducing the maximum leverage available to 1:10 will more or less negate all
the efforts I have put in thus far. I do not have much starting capital, and at 1:10 leverage will not be
able to build my account to the levels that I will need to make a successful career of Forex trading.
Please do not allow this proposition to pass. I am sure you are aware of the incredibly damaging effect
it would have on us little guys out here. Those who already have sufficient capital will be fine, but those
of us just starting out would be unduly punished.
I am sure you are aware how difficult it is to make a living in the Forex market as it is, PLEASE do not
make it any harder on us.
Thank you for your time,
Eric Wilson
4003 Windward Dr
Tega Cay, SC 29708
704-577-8772
