Comment Text:
i0-001
COMMENT
CL-07542
From:
Sent:
To:
Cc:
Subject:
Patrick Moranville
Sunday, March 14, 2010 10:57 PM
secretary
[email protected]
'Regulation of Retail Forex'
RIN 3038-AC61
I am against the proposed 10:1 leverage change.
Changing the leverage will require that the money in my trading account will need to increase by
10 fold. I do not see how
increasing my risk
by 10 fold is of any help? It certainly will not help me!
It will not make me a better trader. It teaches me nothing about trading. It will not keep me from
using bad money management and losing my account in one bad trade. It only increases my risk.
It will cause me to move my money out of the US and that will not help the US economy.
I do not see any upside to this proposal.
Patrick Moranville
