Comment Text:
i0-001
COMMENT
CL-02949
From:
Sent:
To:
Subject:
Steve Souders
Friday, January 22, 2010 6:28 PM
secreta ry < secreta ry@ C FTC. g ov >
Leverage in Forex Trading
TO WHOM IT MAY CONCERN:
I highly disagree with the proposed limit of a 10:1 leverage in Forextrading!!! The limit should be
at the traders discretion with what he feels comfortable trading at. Not to mention the leverage
ratios of 100:1, 200:1, and 500:1 that many brokerages offer us small time traders provides us
the opportunity to trade in very small increments without being to heavily at risk and affords us the
opportunity to trade in small lots but yet still have the opportunity to make some good gains.
If you set a 10:1 leverage limit it would take the majority of us small time (Learning) traders out of
the market. You (the CFTC) is supposed to be providing usa safe environment to trade in...not
eliminate us from the trading market.
DO NOT PASS THIS LEGISLATION!!!!! IT WOULD BE A CRIME IF YOU DID.
Steven Souders
12841 Beckwith Circle
Sonora, CA 95370
[email protected]
