Comment for Proposed Rule 75 FR 3281
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From:
Levi Mcleod
Organization(s):
Comment No:
1193
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01193
From:
Sent:
To:
Subject:
Levi Mcleod
Wednesday, January 20, 2010 9:35 PM
secretary
Regulation of Retail Forex - RIN 3038-AC61
To: CFTC Secretary
-- I am a Forex trader planning on trading Forex full-time soon and I believe the proposed changes, particularly
reducing maximum leverage to 10:1 is an excellent idea. Trading Forex in the U.S. is akin to gambling with
leverage above 10:1 and major financial institutions do not use such insane leverage amounts like 100:1
so making this kind of leverage available to retail FX traders is ridiculous
-- Long and short, please implement all of the proposed retail FX changes ASAP to protect people from themselves
Retail Forex trading in U.S. should be a business and treated as such, FX isn't a gambling venue like Vegas
Best Regards,
Levi Mcleod
