Comment Text:
i0-001
COMMENT
CL-06011
From:
Sent:
To:
Subject:
Javier Armando
Thursday, March 4, 2010 1:12 PM
secretary
Regulation of Retail Forex
CFTC members,
I oppose 100% to the regulatory proposal that includes the shortening of the available leverage to forex traders
from 100:1 to 10:1. If this happens I'll be completely affected in a bad way since my margin requirement will
increase 1000% and I don't have that kind of money to risk.
For people like me with limited capital, having a margin of 100:1 has helped me to learn to trade in the real world
with real money. It will never be the same to use a practice account with fake money and limited time spand.
I do not support the proposal.
The margin requirements should be left as it is now. That's 100:1
Javier Pino
Field Engineer 2 - M/LWD
Drilling & Measurements
Anaco - Venezuela
