Comment Text:
i0-001
COMMENT
CL-07472
From:
Sent:
To:
Subject:
mackenson tiene
Sunday, March 14, 2010 12:46 PM
secretary
Regulation
Dear Sec.
I am not trying to insult you. I hope that you are smart enough not to change the leverage from 100:1 to
10:1. If you do, then you are not smart enough for this job and you really don't know what is going on in
currency trading.
Let say that I have have $10,000.00 in my account. With a leverage 10:1 ratio, I would have
$100,000.00 in my account as oppose to $1,000,000.00 when the ratio 100:1. $100,000.00 is virtually
impossible for me to trade with to make a profit. What this means is that you will wipe out the entire
small investors and traders of the forex market. If a small investor like me decides to stay in the forex
market to trade, let say with a $100,000.00 leverage, I would be forced to use all of that $100,000.00 in
order to make a profit. Hence, put me a a greater risk of losing my invesment. But, If I have
$1,000,000.00, I can carefully use it to make a profit. I have done it and a lot of small investors like me
have done it. I do not know what is the motive behind that change, but it sure ain't to protect me. I
wonder if rich people, big banks, or big corporations are behind this.
Please do not change it, let small investors like me get a life.
Thanks
Mackenson Tiene
