Comment Text:
i0-001
COMMENT
CL-02180
From:
Sent:
To:
Subject:
Anthony Dinh
Thursday, January 21, 2010 7:51 PM
secretary
Regulation of Retail Forex
Hi
I'm a Forex trader. I have recently heard about the proposal of reducing leverage from 100:1 down to
10:1. I believe with the Forex market, reducing that much leverage will cut off a large amount of small
traders out there, in my mind about 60-80%. I know the CFTC must have a reason to do so, perhaps
reducing the risk for small traders, but I think it is traders' choice to take their risks. If the new proposal
becomes effective, the Forex market will immediately hit the impact, and most small traders get no
choice but close their accounts, l hope the CFTC will get more opinion before making final decision.
Thank you
RIN 3038-AC61
