Comment Text:
i0-001
COMMENT
CL-06029
From:
Sent:
To:
Subject:
dong wang
Thursday, March 4, 2010 2:41 PM
secretary
Regulation of Retail Forex
Dear CFTC officer:
I am very disappoint when I hear you will change the leverage from 1:100 to 1:10. As a small investor,
that will increase the cost of cash and the risk is still the same. Although I lost money in the trade, but I
am still happiness as I think it's a game for fun. If I can make money in the trade, that's lucky, lost
money, that's for fun.
We understand that you want to protect our investor by changing the leverage. Actually we know how to
control the risk and we just put a small money in the trade, so the 1:100 leverage is very important and
necessary for us. If we can put a small amount money in the trade, even though 100% loss is still
acceptable. But if you change to 1:10, we have to put 10 time money in, the potential loss may be
increase 10 times. If you make decision, please consider our small investor opinions. If you finally still
limit the leverage 1:10, I have to give up this funny game.
Best Regards,
Dong from Canada
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