Comment Text:
i0-001
COMMENT
CL-03874
From:
Sent:
To:
Subject:
McCay Enterprises
Monday, January 25, 2010 6:28 PM
secretary
Regulation of Retail Forex
As an individual investor and retail forex trader I am strongly against any more regulation of
leverage in the forex marketplace and especially against your proposed 10:1 ratio which in
effect would cut me out of the market. I would have to keep at least $50,000 in my account to
make the trades I currently am able to make and with that much money on the line the
risk/reward ratio would make forex trading no longer a smart thing to do. I make my living from
trading forex. It's taken me over 2 years of learning and investing, winning and losing to be
able to say that I can manage my risk and to be able to reap the rewards. If you change to
10:1 all of us individual forex traders will be out of the market and it will be left to the banks
and big institutions which is totally unfair,
Sincerely
Steve McCay
Port Charlotte FL
