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Comment for Proposed Rule 75 FR 3281

  • From: Christopher Caplan
    Organization(s):

    Comment No: 4645
    Date: 1/31/2010

    Comment Text:

    i0-001
    COMMENT
    CL-04645
    From:
    Sent:
    To:
    Subject:
    christopher
    Sunday, January 31, 2010 7:33 AM
    secretary
    Regulation of Retail Forex RIN 3038-AC61
    Changing the leverage of the Retail Forex Market would be very detrimental to traders. For instance,myself,. I
    have a small standard account and a small micro account. If the leverage is 100 to 1, I will barely be open to a
    position. I am a conservative trader and was taught proper money management and discipline. I will not blow an
    account but if leverage is 100 to 1, I cannot even open a position of any considerable size of profit making due to
    margin requirement. Let the traders who do not use proper money management fall out and fail. Do not force the
    rest of retail traders into failure.
    Thank you,
    Chris Caplan