Comment Text:
i0-001
COMMENT
CL-03200
From:
Sent:
To:
Subject:
PA LeRoux
Saturday, January 23, 2010 10:24 AM
secretary
Regulation of Retail Forex
Sir,
It was with great disappointment that I learned about your proposed new regulations which would
enable CFTC to apply a limitation of 10:1 leverage on forex trading accounts.
I am in my late sixties and of neccessity needs to supplement my retirement income.
I trained for a year to become a competent forex trader and have traded successfully for a considerable
period of time, using a small amount of my capital.
Now that I am ready to fully capitalise a trading account, I have started the apllication procedure for an
account with a US broker.
As I am not a US citizen the formalities, fortunately, took some time to complete.
With the above limitation on my trading I shall not be able to trade with success and am now applying
for an account with a broker elsewhere.
If it is your aim to protect people from the high risk of forex trading, rather introduce formalised training
where the student can learn the proper skills.
Thank you,
P. le Roux.
