Comment for Proposed Rule 75 FR 3281
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From:
Terry Reeves
Organization(s):
Comment No:
1779
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01779
From:
Sent:
To:
Subject:
Terry Reeves
Thursday, January 21, 2010 11:44 AM
secretary
CFTC's Proposal of Leverage Changes
I just wanted to express my opinion on this subject. As a long time Forex trader, I have to say that this idea of
reducing the leverage from 100:1 to 10:1 will simply make me move my trading funds overseas. I am not happy
with the elimination of the 200:1 leverage. I believe it is my decision what my leverage should be within the
allowed leverage available. In my own experience, those who do not have the skill to trade and therefore lose
the funds they have available to trade generally take their losses and move on. Don't punish or restrict those of
us who are successful because of the ignorant few.
Trading is not for everyone. Bad traders need to be out of the markets. Reducing the leverage available to all will
not make bad traders better traders. It just means they will be bad traders longer. To make money in trading
there has to be those who lose money.
Terry Reeves
Small Business Search Engine Optimization Specialist
terry@terryreeves, com
www.TerryReeves.com
www.GoLocalSEO.com
1.888.795.1667
