Comment Text:
i0-001
COMMENT
CL-00140
From:
Sent:
To:
Subject:
Jason Royal
Friday, January 15, 2010 10:55 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
I have been trading forex for only about 5 years. In that time, I have won a little, lost a little and learned
a lot. I am now enjoying an income from my experience. Until a month ago, I enjoyed it more...and then
the NFA standardized leverage. Until then I had been trading my accounts with 200:1. During December
I tried to continue with my trading style, and while I had a positive month, my confidence was not the
same--because I knew I was living closer to the edge--uncomfortably close. Finally I doubled my
account sizes to accomplish the same Margin Levels I had been used to previously.
Perhaps you can help me understand why a trader would be supportive of a reduction in leverage. As a
trader, I do not care what leverage another trader uses. Nor do I care if he hedges. I consider it an
infringement of my rights that another trader might consider himself to be in a better position to make
this decision for me than I am myself. And I am confident there is no government official who can do
SO.
From uploaded file 140_----.txt:
1/4/2010 3:55:29 PM... 23 change(s) to BPAC list.
1/4/2010 4:02:59 PM, True... 23 change(s) to BPAC list.
