Comment Text:
i0-001
COMMENT
CL-03471
From:
Sent:
To:
Subject:
[email protected]
Sunday, January 24, 2010 8:41 AM
secretary
Regulations of Retail Forex - RIN 3038-AC61
To
CFTC
Washington - DC
Sub : Proposed Leverage Changes in Forex
Dear Sir,
The proposed changes of a 10:1 leverage ratio will knock small time traders pretty much out of
contention. While the changes might be appropriate for Big Banks and other big Brokerage Firms and
Investment houses who pretty much control the market, I feel the small time traders are not getting a fair
deal at all. Small time traders like me know how much leverage can be used and are very much aware of
the risk to reward ratio. It is the big guys in the financial world who have caused the current fiasco and
small time folks like me are getting booted out of the system. This is not the spirit of freedom for which
I moved here to this county and will have to pretty much wind down and move to a place where I feel I
can let spirit of freedom roam around.
I personally think that the Proposed changes should be targeted to the Big Investment houses and Banks
for them to trade appropriately while Not implement the changes to Small time traders like me who
trade for a living with small amounts.
I hope have my voice heard,
Thanks.
Ravi
