Comment Text:
i0-001
COMMENT
CL-04732
From:
Sent:
To:
Subject:
glady sj m@ sb cglob al .net
Monday, February 1, 2010 1:50 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
Dear Sir,
I want to express my extreme displeasure with the fact that you want to decrease leverage for
trading the Forex from 100:1 to 10:1. The leverage was already changed to a maximum of 100:1
last year. Do you know what that is going to do to small individual traders like me? My accounts
are at $800.00 and $1700.00. There is no way I'd even be able to trade forex if you do this.
Why punish the individual trader for what the big companies have done to trading forex? I think
it is absolutely ludicrous that you change the leverage from 100:1 down to 10:1 especially for the
individual trader. I am just a new student of forex and am loving learning this but if you change
the leverage I will not be able to afford to trade in the Currency Market. I know many other
individual traders that are in exactly the same boat as I am.
Please reconsider and change the leverage on the big companies if you must change it, but leave
the individual traders out of this ..... PLEASE! With very small accounts we can't afford this and
with this decision you will be sidelining many individual forex traders.
Thank you for listening.
Gladys J. Mitchell
559 Centerline St.
Newaygo, MI 49337
[email protected]
231-282-0756(ce11)
231-652-1966(home)
