Comment Text:
i0-001
COMMENT
CL-07101
From:
Sent:
To:
Cc:
Subject:
Chip Transue
Friday, March 12, 2010 11:55 PM
secretary
[email protected]
Proposed change in leverage for U.S. traders
I believe you would be making a grave mistake by limiting leverage to 10: I for U.S. traders
of Forex. Such a move would drastically reduce the ability of the average individual who
does not have $10,000 or more dollars to trade in the Forex market. It is my understanding
that the more individuals who trade in a given market (stocks, options, commodities, Forex)
- even "small" traders - the more stable and predictable that market becomes. By limiting
[everage to 10:1, you woutd automaticatty and drasticatty [imit the number of individuats
who can trade in Forex, thus increasing market volatility and unpredictability. Such a move
could only have negative consequences.
Charles
K. "Chip"
Transue
512.771.8672
[email protected]
Ceeport
"Love is what we are born with. Fear is what we
learn here. The spiritual journey is the relinquishment -
the un-learning - o[ ]:ear and the acceptance o[ love
back into
our
hearts." -
Marianne Williamson
