Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Jin H Wang
    Organization(s):

    Comment No: 7038
    Date: 3/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07038
    From:
    Sent:
    To:
    Cc:
    Subject:
    jin wang
    Friday, March 12, 2010 9:33 PM
    secretary
    [email protected]
    Regulation of Retail Forex
    To whom may concern:
    I don't agree with this proposal that limite the leverage to 10:1.
    I am forex trader since 2006. I am very interested in trading forex because it allow me to use high
    leverage to trade forex. I understand high leverage means high risk, but after almost 4 yrs trading, I
    realized that as long as you have a good money management, you can control the risk by youself.
    Limiting the leverage can only eliminate our, as a forex traders, passion to invest in forex which is I
    really don't want to see. Please cancel this proposal.
    Sincerely
    Jin Hong Wang
    12Mar, 2010