Comment Text:
i0-001
COMMENT
CL-05105
From:
Sent:
To:
Subject:
thatshortkidl [email protected] on behalf of
Blake Smith
Sunday, February 7, 2010 3:45 AM
secretary
Regulation of Retail Forex
I would like to send this email to politely voice my opinion among the thousands of others about the
proposed regulation of the Foreign Exchange market on a increase of leverage ratio to 10:1 leverage.
With such a high leverage proposal, me as a college student would have never been able to enter into the
retail Forex market. It would have been impossible for me to do so alone, and too much of a risk for my
parents to invest in at that rate. Using 100:1 leverage and self-education I was able to invest a small
amount of money with minimal risk to myself, and have increased my investment and used that to help
pay for college.
Even today, trading on 10:1 leverage does not give me enough of a margin to trade safely, and I will no
longer be able to invest the money to pay for college.
Please resconsider this change.
Blake Smith
NC State University
Computer and Electrical Engineering
