Comment Text:
i0-001
COMMENT
CL-06383
From:
Sent:
To:
Subject:
Fernando Enrique Salinas
Saturday, March 6, 2010 12:01 PM
secretary
Regulation of Retail Forex
To whom it may concern,
As a retail Forex trader with a mini account with Forex.com I strongly opposed the proposed regulation to Cap the Leverage
available to people like me to 10:1.
Indeed, Today, I just need a $100 to open a mini-lot position of $10,000 which is very reasonable given the size of my account
and funds available for me to trade; this represents less than 5% risk per trade. With the new proposed leverage cap I would
need $1,000 to open the same mini-lot, which would simply not be in the best of my interests to risk a little less than 50% of
my account in only one trade.
Hoping my voice will be heard along with the other traders opposing this proposed cap, I remain,
Yours truly.
Fernando Enrique Salinas BComm
2022 Viau St. Ste, 004, Montreal, QC. HIV 3H4 Canada
[email protected]
(514) 966-3376
