Comment for Proposed Rule 75 FR 3281
Note:
If you experience an issue clicking on the "View Comments", the "Submit Comments", or any other buttons, please clear the cache in your browser and refresh the page. In Chrome or Edge, you may refresh the cache by holding down the ctrl key and clicking the F5 button.
-
-
From:
Steve Creasy
Organization(s):
Comment No:
2019
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02019
From:
Sent:
To:
Subject:
Steve Creasy
Thursday, January 21, 2010 5:26 PM
secretary
Proposed Regulation of Retail Currency Trading
I'm very concerned with the proposed regulations limiting the leverage of retail foreign exchange
transactions to 10:1. This would severely limit potential profits from currency trading because the
leverage is so high. Having such high margin requirements also disallows hedging and diversification
which is essential to success as a trader. Foreign exchange trading is one of the few safe havens for
small traders who don't have a $25,000+ trading account. With higher leverage, small traders can
practice proper risk management such as use stop losses and so forth. Although there is nothing wrong
with some regulations, leverage limits such as the proposed ones would severely hamper traders and
would drastically impair small trader's ability to succeed.
Sincerely,
Steve Creasy
