Comment Text:
i0-001
COMMENT
CL-02317
From:
Sent:
To:
Subject:
Chris S.
Thursday, January 21, 2010 10:05 PM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
Including the identification code below.
RIN 3038-AC61
From: [email protected]
To: secreta [email protected]
Subject: Opposition to Proposed Forex Leverage Change
Date: Thu, 21 Jan 2010 22:02:07 -0500
Hello,
I am writing in response to the proposed change to leverage limits for retail forex traders. As a
trader I am OPPOSED to such change for a number of reasons. First, individuals trading forex are
some of the more sophisticated traders and have a solid grasp of risk/reward.
There are many successful retail forex investors, myself included, who would be adversely
affected by the proposed change.
Please do not make the assumption forex traders are ignorant of the risks involved. We are aware
and we manage our trading accordingly.
I urge the CFTC to keep the leverage at 100:1.
Thank you,
Chris
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