Comment Text:
i0-001
COMMENT
CL-03612
From:
Sent:
To:
Subject:
Michelle Wood
Sunday, January 24, 2010 7:53 PM
secretary < secreta ry@ C FTC. g ov >
New leverage regulations
Hello,
I am writing in regard to what I have read recently about the new forex regulations which will
mean for my trading account ibn forex I can only leverage my account 10:1. I am very much
against this becoming a regulation as I trade every night after work as means for supplementing
my income, I can sometime use leverage of 25:1 due to my relatively small risk exposure and a
stop of 20 pips per trade, i trade on 15 minute charts, I assume people with a similar strategy to
me in the lower timeframes would be in an even more dire situation as these regulations would
seriously lower my profit potential. I think the problem is bucket shop brokers and lack of
education and letting people know of the risks, otherwise, I do not think that we retail traders who
make an honest living out of trading the forex market should be kciked out of the market
effectively by lowering our profitability because others do not behave as would be prudent.
Thanks for your time.
Michelle.
Sell your old one fast! Time for a new car?
