Comment Text:
i0-001
COHMENT
CL-06627
From:
Sent:
To:
Subject:
richfallon@email, corn
Monday, March 8, 2010 10:22 PM
secretary
Propose leverage change in commodities market
I understand that the U.S. Commodity Futures Trading Commission (CFTC) is seeking public comment on
proposed regulations concerning retail forex trading. According to the CFTC, "leverage in retail forex customer
accounts would be subject to a 10-to-1 limitation," which means 10:1 leverage would be the maximum amount
allowed for forex traders in the US.
I want to express my opinion that we should not have any changes in the leverage. I have very good
understanding of the risks involving trading. I have done years of research this type of trading which to
minimize the risks. I do feel some people should not trade at all because they did not get proper
education trading forex market or any other markets such as stocks. I depend of this for my income
because I have out of work over a year. This proposal will punish good trader as well as bad traders who
will lose in most any markets anyways. This is like taking away the right to drive for all good driver
because some bad drivers one get hurt in accidents when they did not get proper training or experiences.
Please reconsider and not make any changes in the leveraging of the forex markets.
Richard
from MA
