Comment Text:
i0-001
COMMENT
CL-06805
From:
Sent:
To:
Subject:
Trevor Rees
Thursday, March 11, 2010 11:33 PM
secretary
Regulation of Retail Forex 3038-AC61
To: David Stawick, Secretary of the CFTC
I have recently heard of the CFTC's proposal to decrease the leverage from 100:1 to 10:1 and I strongly discourage it.
The beauty of the forex market is that it makes almost anyone with a bit of savings able to trade. Do not forget about the
successful traders who depend on their profits for a living. If there was no way to stop it, I would strongly recommend making
it an optional decision when someone opens an account. Basically meaning, those who want low risk and a low reward, can
choose it, yet allow more experienced traders to keep their profits.
To reduce the leverage is to shut down a lot of traders out there who are barely scraping by as is. I highly suggest that the
leverage should not be reduced.
Yours: Trevor R
