Wednesday, January 27, 2010 3:34 AM
secretary
Regulation of Retail Forex
dear cftc,
The CFTC is proposing to cap the leverage at 10:1.
The leverage is currently 100:1 which is down from a max of 400:1 just a few months ago.
Leverage of 10:1 will make it hard to make any money with small trading accounts. It will also cut the amount or
money
that can be made with larger
trading accounts. It also limit the amount of money that can be made if you use a USA broker.
By limit traders' rights to do with their money whatever they want, you will do more harm than good. Do not follow this way
of thinking.
~ozdrawiam
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