Comment Text:
i0-001
COMMENT
CL-04151
From:
Sent:
To:
Subject:
Kairas Sethna
Tuesday, January 26, 2010 7:47 PM
secretary
Regulation of Retail Forex
Dear Sir/Madam,
I am a currency trader and am totally against the CFTC proposal of
changing the leverage to 10:1. Having a small trading account I
already have problems competing with big institution traders trying to
take my money away from me. Changing the leverage to 10:1 will add
further problems for traders like me where we will not be allowed to
make any serious income for ourselves.
The leverage has already been lowered from 400:1 to 100:1. Please
don't lower it further, also please think of the "little guy's"
survival. Any experienced trader will not abuse the 100:1 leverage but
will use common sense and sound money management strategies.
Kind Regards,
Kairas Sethna
