Comment for Proposed Rule 75 FR 3281
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From:
Gordon R Green
Organization(s):
Comment No:
1200
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-01200
From:
Sent:
To:
Subject:
Gordon Green
Wednesday, January 20, 2010 9:38 PM
secretary
'Regulation of Retail Forex
Re: identification number RIN 3038-AC61
I hereby wish to submit my comments on the proposed change of leverage for retail forex customers to 10 to 1. I feel that the
government is intruding too far into my personal business by taking this step. I feel that it should be up to me to determine
the risk level that I am willing to take.
I am a small trader that is trying to improve my skills in forex trading and have spent a consider amount for training in this
area. Today I completed a course in making proper forex trades. I have been trading forex for several years and have
managed my account to minimize losses by controlling the size of my orders. I never risk more than 2% of my account value
on any trade (usually less) and always use a stop loss.
I request the the CFTC reject the proposed change to a 10 to 1 limit on leverage for retail forex accounts.
Gordon R Green
223 Nine Eighty Rd
McDOnald, PA 15057
724-926-2279
