Comment Text:
i0-001
COMMENT
CL-06379
From:
Sent:
To:
Subject:
kurt < [email protected]>
Saturday, March 6, 2010 10:54 AM
secretary
Regulation of Retail Forex
As a forex trader, I want to urge you to please leave the forex leverage rates
at 100: 1. People that are serious about trading understand that risk must be
limited on each trade. 100:1 leverage gives us the ability to spread our
account balance across multiple brokers, which reduces the risk of losing our
entire account if one broker has financial problems (Refco was a good example
of this risk). People that are prone to taking huge risks will not last in
trading regardless of what the margin requirement is. Even if the requirement
is 1:1, they will still risk a significant portion of their account on one
trade.
I urge you to leave the margin requirements at 100:1 so people that rely on
forex as a business can leverage their capital more effectively.
sincerely,
Kurt Kittleson
Byron, IL
poserunner@comcast, net
