Comment for Proposed Rule 75 FR 3281
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From:
Ryan Herron
Organization(s):
Comment No:
725
Date:
1/19/2010
Comment Text:
i0-001
COMMENT
CL-00725
From:
Sent:
To:
Subject:
Ryan Herron
Tuesday, January 19, 2010 4:57 PM
secretary
concerning the new 10:1 forex leverage rule
to whom it may concern,
i am an active retail forex trader, i use 50:1 leverage, this is the minimum leverage that i feel
comfortable with. i am asking that you do not take it all the way to 10:1. maybe over time you can but to
take it from 100:1 to 10:1 will impact the liquidity so much that the markets will become distorted, it
will also knock out a lot of players.
i would be comfortable with minimizing it to 50:1 now then maybe 40:1 later and keep on taking it
down to 10:1 over the course of a couple of years.
this is just the opinion of one trader, thank you for taking the time to read this.
ryan herron
