Comment for Proposed Rule 75 FR 3281
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From:
Pranav Sanghadia
Organization(s):
Comment No:
1753
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01753
From:
Sent:
To:
Subject:
Pranav Sanghadia
Thursday, January 21, 2010 11:27 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
To CFTF,
I am a small investor/trader; I started Forex Trading with $250 - -1000. I guess with proposed
regulations of reducing leverage to 10, I will be required to have more money(10 times) in my account.
If this new proposal becomes effective I will stop trading, because I can not invest huge amount in
Forex and the smaller amount which I am trading with today will not make sense.
I know many more people who are starting Forex Trading with small amount; I guess all those small
traders or the traders who wants to start with smaller amount ($250 ~ $1000) will look for some other
foreign investment opportunity or stop investing.
Regards,
Pranav Sanghadia
Cell: 480 452 4056
