Comment Text:
i0-001
COMMENT
CL-00499
From:
Sent:
To:
Subject:
Ray Myers
Tuesday, January 19, 2010 11:36 AM
secretary
RIN 3038-AC61 /'Regulation of Retail Forex'
Dear M. Secretary;
I understand that the above referenced regulation under consideration proposes reducing
leverage for retail forex traders from 100:1 to 10:1. This would make it very difficult for
someone like me to trade. With the economy being in the condition it is with no relief in
sight, trading forex is one avenue for me to try to improve my situation while looking for
a job.
I believe that all traders should have the right to choose the amount of leverage that is
appropriate for his/her risk appetite, and that this basic principle of 'choice' is being
threatened by this proposed CFTC regulation. It has negatively affected my trading that
the maximum leverage was l6i~i:~6~vf~~iii6nths ago. Please don't magnify the problem,
leave the leverage as it is so small traders have an opportunity in the market.
Thank you;
Ray Myers
2590 Celestial St.
Redding, CA 96002
