Comment Text:
i0-001
COMMENT
CL-04503
From:
Sent:
To:
Subject:
Tim Wood
Friday, January 29, 2010 7:58 PM
secretary
Regulation of Retail Forex ID number R1N 3038-AC61
Dear secretary,
Please consider the consequences of a Forex regulation that would dismantle the entire allure of the Forex
market itself. I am referring to 'Regulation of Retail Forex' ID number RIN 3038-AC61. The purposed limitation of the
leverage anywhere below 100:1 (that's one-hundred to one) would devastate the market, the purposed limit of 10:1 is
unacceptable to Forex traders that earn a living in this market. Depending on account size the leverage of 200:1 and 400:1
are sometimes warranted by traders. Please talk to professional traders and brokers that work within the Forex markets to get
a real feel for what's necessary.
Thank you for taking the time to read this note and have a good day.
Sincerely,
Tim Wood
23336 Monroe RD 1131
Madison Mo 65263
660.676.6117
