Comment for Proposed Rule 75 FR 3281
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From:
Josef Haydn
Organization(s):
Comment No:
3161
Date:
1/23/2010
Comment Text:
i0-001
COMMENT
CL-03161
From:
Sent:
To:
Subject:
Josef.Haydn@gmail. com
Saturday, January 23, 2010 7:56 AM
secretary
Regulation of Retail Forex
Ref. RIN 3038-AC61
Dear Madam or Sir,
I am a retail forex trader based in Vienna, Austria (European Union).
I currently use an US-based broker and heard from the proposed
changes to forex trading leverage (max. 1:10).
Here is my question: Will the regulatory changes only apply to
US customers of US brokers or to all customers of US Brokers?
It is very important for me to know the answer as in the latter
case I need to find a new broker outside of the US where this
regulation does not apply.
The reason is that the forex market shows
very low daily volatility and therefore a leverage of 1:10 is not
practical for me to trade this market. I am currently using a leverage of
1:40. I have nearly 10 years of forex trading practice and found out that
this is a reasonable amount of leverage that can be managed.
Thank you very much for your answer in advance!
Best regards,
JosefHaydn
Mittelgasse 12/12
A- 1060 Vienna, Austria
