Comment Text:
i0-001
COMMENT
CL-04751
From:
Sent:
To:
Subject:
Cliff Cristobal
Monday, February 1, 2010 5:57 PM
secretary
My concern on the "CFTC changing FX Rules"
Hi Sir/Madam,
Good Day..
I have read an article in the internet about CFTC changing FX Rules in the US? Is this true?
Some of the changes were good for the FX market however what I am concern about is the maximum leverage of
10:1 .. This is just too big for a leverage.. This will hurt those traders out there with a good system trading
rules/tools but has a low capital.. This will also going to hurt those people trying to get into forex and want to risk
smaller capital.. This I think will just make FX trading exclusive to Rich people and big firms and again taking
away the middle/lower class of people a shoot at the FX trading.. I thought US is the land of the free and with this
it should let people decide on what leverage they want to take...
Regards,
Cliff
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