Comment Text:
i0-001
COIMMENT
CL-02646
From:
Sent:
To:
Subject:
[email protected]
Friday, January 22, 2010 11:18
AM
secretary
Proposed Ces on Current Regulations
To the honorable Secretary,
HOW WOULD THE PROPOSED CHANGE AFFECT YOU?
Max leverage under current regulations
USD/JPY
100:1 leverage (one percent)
1 lot (100,000)
Margin requirement: $1.000
Max leverage under proposed changes
USD/JPY
10:1 leverage (10 percent)
1 lot (100,000)
Margin requirement: $10.000
We believe that all traders should have the right to choose the amount of leverage that is appropriate for his/her risk appetite,
and that this basic principle of 'choice' is being threatened by the proposed CFTC regulations. The current regulation also
allow new trader and individual trader to participate with small amount of investment. The current regulation also give all
individual with interest in FOREX Trading an even plain field to start small trading account. Majority of the new trader initially
start with capital investment and that applies to young generation of traders who are in college, just recently graduated in
college or individual starting to invest in FOREX.
I hope that the CFTC will keep the current regulation which provided better margin requirement and small amount to open
FOREX account.
Sincerely,
Edwin B
