Comment Text:
i0-001
COMMENT
CL-07670
From:
Sent:
To:
Cc:
Subject:
Darryl Warren
Monday, March 15, 2010 5:22 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Darryl Warren in Riverside, California
To Whom It May Concern,
I trade on the Foreign Exchange Market. I' relatively new (4 years) to trading. This, for me, had been like taking a class for a
masters degree in trading. If it weren't for the fact that 100-1 leverage was available to me, I would not be able to afford to
trade.
10-1 leverage would mean that I would need to place $150.00 leverage to trade currency valued at approximately 10¢ per pip.
I do not now, nor have I ever risked more that 3% of my account on any trade. Everyone I personally know that does trade,
also exercises risk management to a similar degree as myself.
I implore you to leave the Forex markets as they are. If I have to get an account offshore, I am not afforded the protection the
CFTC offers right here at home.
Thanks for your consideration,
Darryl Warren
Riverside, Ca.
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