Comment Text:
i0-001
COMMENT
CL-05297
From:
Sent:
To:
Subject:
Nancy Cunningham
Wednesday, February 10, 2010 10:32 AM
secretary
Leverage in retail Forex
Dear U.S. Commodity Futures Trading Commission
I strongly object to the proposal to subject retail Forex
customer accounts to 10:1 limitation in leverage.
Disciplined Forex trading is a safe and reliable means of
growing a nest egg, particularly for an investor like me, who
only has a small account. It is very difficult to make money in
the Stock Market with less than $10,000, without getting into
the Pink Sheets and other risky stocks. But with Forex, I can
do small trades daily, to steadily and safely increase my
retirement fund.
Please leave well enough alone. The proposed limitation will
shut down legitimate, knowledgeable traders with small
accounts. Ultimately, limiting leverage in the Forex will not
protect the gamblers and the people who are fools with their
money. The gamblers will continue to gamble, they'll just do it
elsewhere. And fools will still lose money, but somewhere
else, like the pink sheets.
Thank you,
Nancy Cunningham
Tyler, TX
