Comment Text:
i0-001
COMMENT
CL-05433
From:
Sent:
To:
Subject:
Lavonna Arms
Wednesday, February 17, 2010 9:03 PM
secretary
Regulation of Retail Forex
It is my understanding that one of the proposed changes you are considering would radically lower
Forex leverage from 100:1 to 10:1 for all NFA and CFTC regulated Forex firms. The impact of these
new requirements for an individual FOREX trader could be significant.
I have started with a very small account and currently trade 1 micro lot per trade with the intention of
increasing the size of each trade as my account grows. If you reduce the leverage, I won't have
enough money in my account to continue trading. I have invested a lot of time and money to learn
how to trade the Forex market. What attracted me to the Forex market was the fact that I could start
witha small account and gradually build it up over time. If you reduce the leverage, Iwon't have
enough money in my account to continue trading.
I understand the risks of trading the Forex market, and I am disappointed that a government agency
is considering making a change which will make it impossible for me to continue trading, after all the
time, effort and money I have invested. I respectfully request that you NOT change the leverage from
100:1 to 10:1.
Thank you,
Lavonna Arms
8000 North 8th Avenue
Phoenix, AZ 85021
602-663-3537
[email protected]
