Comment Text:
i0-001
COMMENT
CL-05003
From:
Sent:
To:
Subject:
Marty Marola
Thursday, February 4, 2010 2:32 PM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
Hello,
I am writing to voice my concern about the proposed 10-1 leverage requirement for the forex
market. As a small scale forex trader, leverage is a very important part of my trading. For
example, say I am in a trade, and it is going well. I will undoubtedly set a stop order which will
allow me to prevent the trade from losing money. It is at this point that I will begin to look for
other possible trade opportunities. However, when leverage requirements are set forth, such as the
proposed 10-1 requirement, I am prevented from taking another trade. Although my risk on the
prior trade is "zero," I lack the capital requirements to place another trade or otherwise risk a
margin call. I could see the reasons why leverage requirements might be useful for very large
traders. However, for the majority of smaller traders the proposed leverage requirements would be
a devastating blow to their business. Thank you for taking the time to hear my concerns.
Marty Marola
Your E-mail and More On-the-Go. Get Windows Live Hotmail Free.
Sign up now.
