Comment Text:
i0-001
COMMENT
CL-04831
From:
Sent:
To:
Subject:
Charlie Van Dien
Wednesday, February 3, 2010 5:52 PM
secretary
75 FR 3281
I am AGAINST the proposal contained in 75 FR 3281 that would limit the FOREX leverage for a retail trader to
10:1 (10-1).
I am a responsible trader who has purposely disciplined himself from the lure of 200:1 or 400:1 brokers.., and
believe the 100:1 leverage allows sufficient margin to make my trading profitable. Requiring higher margins
would NEGATIVELY impact my trading style and impact my profitability which is a key factor in my livelihood.
I trade with InterbankFX and have NEVER lost an account due to over leveraging.
I am AGAINST the proposal of limiting leverage to anything under 10:1.
Sufficient limits are already in place for small retail traders such as myself at 100:1
Thank you,
-charlie
Charles W. Van Dien III
2581 SE Jason Ave.
Port Saint Lucie, FL 34952
