Comment Text:
i0-001
COMMENT
CL-06300
From:
Sent:
To:
Subject:
[email protected] on behalf of
TORU SASAKI
Friday, March 5, 2010 6:17 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
This proposal going to limit the leverage 1:10 is ridiculous.
Did the person came up to this idea ever traded Forex??
I don't think so.
I am a small retail trader who trade such as 50,000 lot with $2,000
capital, at a time and seeking for 20 to 30 pips for profit that is
$150. If this leverage came true, I only can trade 20,000 lot and 30
pips create just $60!. If there is another broker outside US allowing
100 leverage, I will switch my account to them.
Please reconsider this ridiculous suggestion and keep as is.
Sincerely yours.
Tom Sasaki
