Comment for Proposed Rule 75 FR 3281
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From:
Brighdon Wood
Organization(s):
RGD Systems Pty Ltd
Comment No:
2166
Date:
1/21/2010
Comment Text:
i0-001
COIMMENT
CL-02166
From:
Sent:
To:
Subject:
Brighdon Wood
Thursday, January 21, 2010 7:40 PM
secretary
Proposed forex regs
Hi there!
I am writing because of the new regulations which my broker has just informed me may go through,
limiting leverage in the forex market to 10:!.
I am a private trader who trades full time, this is how I earn my living. I use leverage nowhere near 100:!
but also no where near 10:1. I understand all too well that if you dont understand/use leverage properly
it can be dangerous, but I do not feel that I should be regulated to 10:1 leverage because others do not
use it correctly and lose their monies.
If these regulations are passed, I would no longer be able to trade full time due to the restrictions this
would place on my profit potential.
please do not regulate forex trades to 10:!.
Thank you!!
Brighdon Wood
RGD Systems Pty Ltd.
Email. [email protected]
Ph. 0421994234
