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Comment for Proposed Rule 75 FR 3281

  • From: Jerry Williams
    Organization(s):

    Comment No: 6128
    Date: 3/5/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06128
    From:
    Sent:
    To:
    Subject:
    Jerry Williams
    Friday, March 5, 2010 10:30 AM
    secretary
    forex leverage
    According to the CFTC, "leverage in retail forex customer accounts would be subject to a 10-to-1
    limitation," which means 10:1 leverage would be the maximum amount allowed for forex traders in
    the
    U.S.
    Leave leverage as it is. At the moment it is one of the few opportunities available to those of us with
    just a little money. Just because one can have a leverage of 100:1, does not mean one has to use it. I
    usually trade with a leverage of 50:1, but sometimes even 10:1 or 5:1. Other factors are considered
    besides leverage, such as money management and risk.
    Jerry