Comment Text:
i0-001
COMMENT
CL-04905
From:
Sent:
To:
Subject:
Jeff
Thursday, February 4, 2010 12:31 AM
secretary
Regulation of Retail Forex
RIN 3038-AC61
David Stawick,
I'm not a professional trader. I'm not in the financial industry. However, I do trade stocks and forex. Forex is a wonderful
exchange that allows me to trade and make some money. I HIGHLY DISAGREE with lowering the maximum leverage to
10:1. 100:1 is low enough. I can somewhat understand that. However, it really doesn't make sense. Leverage allows the
little guys much more freedom while trading. I have lost money in the market. Trading is risky. More importantly, the
government shouldn't be limiting my risk when I know what my portfolio of risk is. Leverage allows me the ability to trade
without having my money sit in my forex account (for margin). I can use that money in stocks and still trade forex as if it was
just sitting there. I understand my risks. If you want to really help people from losing money, then stop casino's. Forex
traders aren't gambling, we're trading. You're only hurting the little guys by lowering leverage and increasing margin
requirements.
Please DON'T LOWER LEVERAGE AND INCREASE MARGIN REQUIREMENTS.
Thankyou
Jeff King
Programmer, Trader, American.
