Comment Text:
i0-001
COMMENT
CL-05259
From:
Sent:
To:
Cc:
Subject:
j [email protected]
Tuesday, February 9, 2010 7:31 AM
secretary
j [email protected]
CFTC Proposed Guidelines
Dear Secretary of Commission, I strongly oppose the new proposed regulation to change the leverage in retail
forex customers to 10:1. This only hurts many of us who have worked on our trading techniques over many
months to years. In order to become the best trader we can be it is necessary to test our strategies in real time
with real money.The average retail trading account is less than $5,000(USD).This proposed regulation if passed
will favor only the very largely funded traders or the institutional trader. For many like myself 100:1 leverage is
the only way I may start my trading career.
Sincerely, James Nobles
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