Comment Text:
i0-001
COMMENT
CL-06508
From:
Sent:
To:
Subject:
Somgya Titus
Sunday, March 7, 2010 10:38 PM
secretary
Proposed changes in margin requirements - forex
Dear Mr. Secretary,
The proposed regulations to increase the margin requirements for retail forex currency trading to 10 to 1 would
greatly impair my ability to trade the forex market. I am an aspiring trader, and I am totally comfortable with the
100 to 1 current margin. Currencies only move about 1 penny/day, and 100 to 1 is necessary to make any
money. I am completely comfortable with the risk, as I never risk more than 2% of my account.
Please keep the margin requirements at 100 to 1. Otherwise I will not be able to trade. The trades are closed out
when I get to 1% capital, so there is no risk of going into debt or losing more than my account balance. I am
mature enough as a trader to limit my risk.
Thank you.
Somgya Titus
858-229-4202
1106
2nd
St. #244
Encinitas, CA 92024
