Comment Text:
i0-001
COMMENT
CL-05999
From:
Sent:
To:
Subject:
Patty
Thursday, March 4, 2010 12:40 PM
secretary
Retail Forex Proposed Leverage Changes
Regarding the proposed leverage changes on retail forex trading,
either the people who proposed this are just plain ignorant of forex trading or this is dirty dealing here on behalf of
some group
-
possibly the futures market ?
I mean I am a female, I trade forex part time and make some money, With your proposed leverage change I would be
exposed to much greater losses financially since I would be more vulnerable to being margined out of a trade having
to have ten times the amount of money to cover a trade's potential for a loss - whereas now that would no way
happen,
So how is that protecting the retail trader in forex?
We who can use our own brains do not need or want your help
regulations die
See below on how it will affect me numbers-wise
Let capitalism reign and oppressive government
HOW WOULD THE PROPOSED CHANGE AFFECT YOU?
Max leverage under current regulations
USD/JPY
100:1 leverage (one percent)
1 lot (100,000)
Margin requirement: $1.000
Maximum leverage under proposed changes
USD/JPY
10:1 leverage (10 percent)
1 lot I100,000)
Margin requirement: $10.000
