Comment Text:
i0-001
COMMENT
CL-07122
From:
Sent:
To:
Cc:
Subject:
Cecilio Miranda
Saturday, March 13, 2010 1:08 AM
secretary
[email protected]
Regulation of Retail Forex
This message is to certify that I, Cecilio Miranda, completely disagree with the proposed decision to limit leverage on Forex. We all
have the right to trade disposable capital with the leverage that we are comfortable with, and 100 to 1 is more than fine. This allows
me to trade with small amounts of capital. With a decrease of 10 to 1, it would require much more capital to match normal activity and
10 times more money to park in forex accounts. It is bad enough that I need $25,000 to daytrade stocks with 4 to 1 leverage. Today I
enjoy dedicating $100 to $1000 for the same trading experience that $25,000 with 4 to 1 leverage provides in stocks. It the only
trading outlet I have left, 10 to 1 leverage would kill my trading for good in Forex. Do not do this and please do not propose any
further changes to the current forex market regarding leverage. Thank you. (message ID# RIN 3038-AC61)
Cordially,
Cecilio Miranda
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