Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Hisham Mostafa
    Organization(s):

    Comment No: 3713
    Date: 1/25/2010

    Comment Text:

    i0-001
    COMMENT
    CL-03713
    From:
    Sent:
    To:
    Subject:
    Hisham Mostafa
    Monday, January 25, 2010 6:54 AM
    secretary
    the new leverage idea
    please i am one of the traders in the forex market since 8 years and when i heard about the new idea
    concerning the leverage i told myself that it is the start of the going down of the us economy because as
    u know that the forex market is about 2-3 trillion usd daily and the us banks benifit of about 30-4-%of
    this market from the daily interest thats one, the second is that when this rules comes true all of the
    traders will go to and send their money to europe or any place where the leverage is still high this means
    that the us economy will lose hundreds of billions, the third one is that the brokers company will close
    or their activities will be lowered and these company bay taxes so it will be disaster from all sides ,the
    important thing is that the trading using the leverage is the client choice he had from 1:1 till 1:100 so
    dont minimise the choice for him especially if the trader want to make good profit, this is my opinion
    with best regars
    hisham