Comment Text:
i0-001
COMMENT
CL-04983
From:
Sent:
To:
Subject:
Bill Lloyd
Thursday, February 4, 2010 12:11 PM
secretary
Regulation of Retail Forex
I think regulation of the forex market is a good and needed thing. However making the leverage down to 10:1
may be a bit extreme. I only began live trading in August of last year and have been a profitable trader.
Personally I elect to use a 30:1 leverage with my broker. I really don't see why anyone would even want a
leverage above 50:1 but with improper cash management people will blow their accounts regardless of leverage.
I just urge you to consider a higher leverage than 10:1. Some of us out here that know what we are doing and
this is our living due to the current economic situation; this lower leverage would hurt our trading strategy.
Thank you
B.Lloyd, SC
