Comment Text:
i0-001
COMMENT
CL-02183
From:
Sent:
To:
Subject:
Steve Slack
Thursday, January 21, 2010 7:53 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
To whom it may concern:
I would like to voice my opinion in opposition to establishing 10:1 leverage limits on retail forex. I feel it is
completely up to individuals to set their risk appetite in the retail forex market. There are already circuit breakers
in place with the forex brokers that automatically liquidate your position if you don't have adequate margin in your
account so there is no reason to impose more limits.
I am an active retail forex trader and use leverage in my account all the time. The brokers do a very good job
showing me my risk levels in real-time. With forex trading 24hours a day, you don't have the same risks as a
leverage futures market or other instruments with set exchange times.
I feel this is a terrible idea to set a 10:1 limit and hope my email has some impact.
Thank You,
Steve Slack
Retail Forex Trader
