Comment for Proposed Rule 75 FR 3281
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From:
Gilbert Lum
Organization(s):
Comment No:
2933
Date:
1/22/2010
Comment Text:
i0-001
COMMENT
CL-02933
From:
Sent:
To:
Subject:
reno neveda
Friday, January 22, 2010 6:14 PM
secretary
10 to 1 leverage proposal
Dear Sir / Madam,
I believe all traders, especially the small traders (average citizens --- average only have $5,000 to
$10,000 capitalin the Forex trading), should have the right to choose the amount of leverage that is
appropriate for his/her risk appetite. Especially in the Forex market small trader would NEVER lost
more than what he/she invested in. It is not like in the Real Estate investment which the invester borrow
money from the lending institutions. Thus if he / she made the wrong investment choice, the money he
borrow with high leverage will be lost more than he/she originally invested in.
If the proposed 10 to 1 leverage is imposed on the Forex traders, you just as well to eliminate Forex
trading for millions of small Forex traders.
I urge you to leave the leverage of Forex Trading to 100 to 1. So many of us small Forex Traders will
still have a chance to earn our money through the Forex Market.
Respectfully yours,
Gilbert Lum
