Comment Text:
I would like to voice my opinion and concerns regarding current and any future changes to spot fore leverage/margin requirements. I hope that the CATCH will make the right choice and keep leverage at the current 50:1 ratio or even raise it to 70:1. As a small investor, I find it a bit more difficult to make the same profits that I once did at the current levels. The Dodd-Frank bill took the unfortunate step in receiving many recommendations from the CAME ( Chicago Mercantile Exchange), which have their own interests at hand. It is my belief that the CAME and CATCH is working very hard to create a single exchange and to rid independent brokers from the scene so that all orders are then routed through the CAME. I hope this is not the case.
When I started trading fore I lost some where in excess of 20K, not due to leverage, but due to my own greed and not educating myself. I live in a nation where I can make choices on my own and not dictated by the government as a disguise of public protection. Let traders make their own decisions and stay out of our lives. Over regulation will only destroy economic prosperity not help it...
Sincerely, Jamie DeHaven
