Comment for Proposed Rule 75 FR 3281
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From:
Gregory Kohlhof
Organization(s):
Comment No:
3120
Date:
1/23/2010
Comment Text:
i0-001
COMMENT
CL-03120
From:
Sent:
To:
Subject:
Gregory Kohlhof
Saturday, January 23, 2010 2:29 AM
secretary
10 to 1 Levage
I am a forex trader in training and believe that the CFTC and NFA should do everything they can to get
fraud and abuse out of forex trading. With that said. I think traders should be able to choose their own
leverage within reason. The leverage is now set to a maximum 100 to 1. Which I believe is fair. You
could even go to 50 to 1. But the proposed change to 10 to 1 margin by the CFTC is to extreme. And
would kill retail forex trading in my opinion. And would limit who could get into the forex market and
learn how to trade this wonderful market. I do believe that you do need regulation, but to much and over
reaching will stifle the market. I can see why you would want to stop someone from getting 400 to 1
leverage, but 100 to 1 or even 50 to 1, would still allow average people to get involved.
Thank you taking the time to read my email.
Gregory Kohlhof
204 NW 97th Ave
Plantation, FL 33324
Home - (954) 424-3277
Cell - (954) 579-7965
