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Comment for Proposed Rule 75 FR 3281

  • From: Monami Sharma
    Organization(s):

    Comment No: 2156
    Date: 1/21/2010

    Comment Text:

    i0-001
    COMMENT
    CL-02156
    From:
    Sent:
    To:
    Subject:
    Monami Sharma
    Thursday, January 21, 2010 7:36 PM
    secretary
    Regulation of Retail Forex
    Dear Sir/Madam
    I am a retail forex trader and I am NOT IN FAVOR of, R~N 3038-A¢61 ,for change of
    leverage to 10:1.
    1. Retail forex trading is a big hope for people like me with which we can achieve better financial
    stability.By reducing margins profit prospects with low investments will be reduced !!
    2. As far as Risk associated to it with higher leverages ,its totally dependent on trader,just like we go in
    casino and its up to us how much to put on stake!
    3. The only reason I came to forex retail trading and millions like me are because of the money made by
    successful trading with the help of good leverages.If this is reduced I am sure its popularity will go away
    and with that hopes for better financial stability.
    So please re consider this proposal!
    Regards
    Retail FXTrader