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Comment for Proposed Rule 75 FR 3281

  • From: Ed Gamble
    Organization(s):

    Comment No: 7351
    Date: 3/13/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07351
    From:
    Sent:
    To:
    Cc:
    Subject:
    Ed
    Saturday, March 13, 2010 2:41 PM
    secretary
    [email protected]
    Proposed regulations
    I am writing to let you know that I am adamantly opposed to the proposed regulation limiting leverage to 10:1. If
    this is implemented I will most likely be forced out of the Forex market. I need at least 100:1 or even 200:1 to be
    able to trade. I am a very small trader with only a few hundred dollars in my account. It is easy to see that with
    10:1 leverage I will not have enough money to trade at all. I enjoy trading Forex and wish to be able to continue
    doing so. I have not been happy with the new regulations imposed on the Forex market in the past year at all, but
    this one will be the one that does me in. Please don't do this and mess up what is for me a very enjoyable hobby
    and one in which I am finally starting to make a little profit.
    Thank you,
    Ed Gamble
    Cartersville, GA USA