Comment Text:
i0-001
COMMENT
CL-03990
From:
Sent:
To:
Subject:
George Galske
Tuesday, January 26, 2010 6:09 AM
secretary
This in regard to the 10:1 ratio
Secretary, Commodity Futures Trading Commission,
1155 21 st Street,
Washington, DC 20581
Dear Mr. David Stawick,
This in regard to the 10:1 ratio you want to limit the forex traders too. The FIfO rule was bad enough it
created more losses for me then before. With the new FIFO rule you cannot tie a stop to the current
trade. So you must but in another trade and if you forget to close that trade it becomes a working order. I
cannot see how governing the way a trader protects his position was anything with leveraging.
I believe that you, our US government and the big banks are trying to eliminate small traders from
participating in the Forex Markets. All these rules that you are creating only hurt ME the small trader
trying to participate.
Please leave well enough alone. The FIFO rule was bad enough. If this rule goes through, we will be
forced to open an account elsewhere leaving once again the US Brokers will lose business.
George Galske
Member Capital Trading LLC
