Comment Text:
i0-001
COMMENT
CL-05348
From:
Sent:
To:
Subject:
Dave Pilling
Friday, February 12, 2010 6:37 PM
secretary
Proposed changes regulating retail forex
I am writing to ask you to increase the maximum leverage in retail forex trading back to 200:1, or to at
least leave it at 100:1. I have invested several years of my time studying and doing currency trading,
and developing my own trading methods. Reducing leverage below 100:1 would make it impossible to
continue the trading methods I have developed for myself.
It does not take new traders long to discover there is great risk in currency trading. I do not know of
other businesses where you can practise so easily and realistically before risking real money. It is very
simple for traders who are risk-aversive to reduce their risk by reducing their lot size.
I am fully in favor of participants being informed of associated risk. I am not in favor of government
over-regulation. That is not the American way.
Thank you for your consideration.
David Pilling
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