Comment Text:
i0-001
COMMENT
CL-00175
From:
Sent:
To:
Subject:
Bill Garrison
Saturday, January 16, 2010 12:14 PM
secretary
Regulation of Retail Forex
I wish to submit my opinion about the proposed rule change that affects leverage at retail forex brokers.
I currently trade forex at 100:1 leverage. I have spent several years learning how to do this successfully and
objectively. I view the proposed leverage change as directly affecting my income. If leverage is changed from
100:1 to 10:1 my potential income will be reduced by a factor of 10. If I could have made S100,000 in a year
trading forex under 100:1 leverage, I will only be able to make S10,000 per year at 10:1. I am not willing to
reduce my potential income that much.
I believe the current leverage rule of 100:1 is acceptable when combined with the other proposed rule changes.
I agree with the arguments presented in this article at the Forex Peace Army website:
http://www.forexpeacea rmy.com/forex-foru m/forex-articles/8342-if-cftc-does-say-good bye-retail-forex-
usa.html
Thank you.
Kind Regards,
William Garrison
