Comment Text:
i0-001
COMMENT
CL-02873
From:
Sent:
To:
Subject:
John Burch
Friday, January 22, 2010 5:01 PM
secretary
Regulation of Retail Forex
With respect to *RIN 3038-AC61"
Please do not reduce Forex leverage below 100:1
Every trader knows the risk involved in trading Forex.
Since this risk is voluntarily accepted by traders, there is no need to
"protect" traders from the risk.
Reducing the leverage, reduces our ability to trade and increases our
needed resources for no good reason.
With leverage of 100:1 on a $10,000 account, I can presently trade only
2% of that amount and maintain good money management. If the leverage
is reduced to 10:1, I have to have ten times as much money in the
account to maintain my trading business. That excess money in the
account is wasted.
Thank you,
John Burch
http://www, forex-tools-cafe.com
