Comment for Proposed Rule 75 FR 3281
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From:
William Lau
Organization(s):
Comment No:
2352
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-02352
From:
Sent:
To:
Subject:
William Lau
Thursday, January 21, 2010
11:08 PM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
To whom it may concern,
Reducing the FXleverage to 20:1is acceptable and reasonable on the basis of following reasons:
1. Fluctuation of forex market is relatively narrow comparing to futures;
2. 20:1 leverage is Ok for both position traders and day traders.
3. Risk is substantially minimized if you look at the current leverage level.
Best Regards,
William
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