Comment Text:
i0-001
COMMENT
CL-03430
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Sent:
To:
Subject:
Peter Will sher < smil eypj au@gmail, com>
Sunday, January 24, 2010 12:0l AM
secretary
Leverage in Forex
Hi, I understand you guys are after feedback regarding your proposed 10:1 maximum leverage in forex.
As a small time trader, this would totally shut me out of forex trading. The level of leverage (100:1 ++) is what
allows me to trade at all. It makes trading forex attractive compared to other financial products. Leverage is key.
So if you have a hidden agenda of wanting to shut down retail forex, leaving only commercial forex, I guess you
will make these changes in regulation. If you want to keep retail forex as a viable option, then you must leave at
least 100:1 leverage.
Thanks for your time.
Peter Willsher (Australia)
