Comment for Proposed Rule 75 FR 3281
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From:
Mighty One
Organization(s):
Comment No:
2440
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02440
From:
Sent:
To:
Subject:
Mighty One
Friday, January 22, 2010 3:31 AM
secretary
Regulation of Retail Forex
I wish you would leave things as they are because the current system is not broken, but if you must then
consider the following:
Instead of reducing leverage you could cap max position sizes ie a restriction of 1 micro per $100 to
open a position and then leave leverage at 100 to 1.
In this way a trader with the minimum $400 could enter into a 4 micro lot position and still withstand an
account decline to $40.
While traders are going to try and castrate you and kill your mother for placing any restrictions on their
trading, at least you will not have wounded them too severely by unnecessarily reducing leverage.
