Comment for Proposed Rule 75 FR 3281
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From:
William Thompson
Organization(s):
Comment No:
530
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00530
From:
Sent:
To:
Subject:
William Thompson
Tuesday, January 19, 2010 12:08 PM
secretary
Regulation of Retail Forex
RIN 3038-AC61
I am only trading 10,000 lots and the change of 10:1 margin would make me have to have more per
trade which I cannot afford...I am only trading 1 lot of 10,000 and it only costs me 100 per trade..I am
not overleveraging myself and by making the change you are suggesting..would make me go to 1000
lots...I would take me weeks to make $100 because instead of making a $1 per pip..I would be making
$0.10 per pip...
You would be forcing people to have more money and risk more per trade ....
How does that help...?
Thanks,
Bill
