Comment Text:
i0-001
COMMENT
CL-00318
From:
Sent:
To:
Subject:
[email protected]
Monday, January 18, 2010 12:17 PM
secretary
Regulation of Retail Forex
Dear Secretary,
I am 100% in disagreement of the proposed 10:1 leverage rule for forex trading
(RIN 3038-AC61).
Anyone
that is familiar with Forex trading knows that this leverage would make it very difficult, if not impossible, for the
individual to trade. By the time a trader pays for a trade, the opportunity for profit would be very small. I am
sure that this rule is being proposed to help or protect the trader but someone is not looking at it correctly. The
current 100:1 rule is more than sufficient to allow an individual to make profit and still minimize risk.. A trader
also has the opportunity to choose different leverage rules if they want to! I believe common sense has to
prevail at some point, it doesn't need to be law. Please allow as to continue trading under the current
leverage rule.
Thank-you! R Cox-Tennessee
