Comment Text:
i0-001
COMMENT
CL-03778
From:
Sent:
To:
Subject:
Jesse Brown
Monday, January 25, 2010 12:41 PM
secretary
Regulation of Retail Forex
RE: RIN 3038-AC61
Hello,
I am writing in regard to the proposed changes to retail Forex trading requirments. I specifically am opposed to the proposed
change in leverage from 100:1 to 10:1. I have been trading Forex for the past 2.5 years while in graduate school. Because I do
not have a significant amount of money to trade, the 100:1 leverage has been important for me to amplify the currency trades
I've made. Forex.com has configured its trading platform such that, should a trade go against me, the trade is automatically
closed out before my account balance ever goes negative. This protection is a thoroughly effective way to prevent the
potentially adverse affects of leverage. As a young individual with a smaller amount of money to trade, larger leverage has
been pivotal in the gains that I have made. I feel that part of the appeal of forex trading is that it enables individuals who are
capable traders but lack significant financial resources to pivot into greater financial earnings. Thank you for your time.
Sincerely,
Jesse Brown
