Comment Text:
i0-001
COMMENT
CL-03831
From:
Sent:
To:
Subject:
[email protected] <"[email protected]">
Monday, January 25, 2010 4:34 PM
secretary
Re: Forex Regulation
David Stawick,
Secretary, Commodity Futures Trading Commission,
1155 21st Street, NW,
Washington, DC 20581
Re: Regulation of Retain Forex: RIN 3038-AC61
Dear Mr. Stawick;
As a retail trader in the Forex Market, I do not support a change in the leverage to 10:1. The style and manner in which a
retail trader trades his or her own account does not involve main stream investment community. Furthermore, the margin
agreement which is signed with a US based trading platform is specific in stating that it will automatically through its
software program clear any position which becomes over leveraged whether or not stops were placed too tight, or inadequate
account equity is available during a fundamental annocement where stops/slippage occurs..
Since retail traders are such a small group of traders, mini mini mice, maybe one million retail forex traders; we do
not
swing
markets. On the contrary we follow the footsteps of the Giant Elephants making hopefully a good solid living, which we first
pay our US based trading firms allowing us to support our local communities: basketball games, dinner out, clothing,
restaurants, dry cleaners, college, ect., Haiti relief efforts.
By keeping status quo, the retail forex trader is doing what he or she is good at; reaching for the "American Dream", no glass
ceiling, through hard earned best efforts of applying our technical and fundamental analysis on key currencies. We are
not
overleveraged, and we are not trading in sophisticated directive instruments with its value in question.
Thank you for taking a moment, and reading this mini mouse's comments.
Sincerely,
Vivienne Kjono
