Comment Text:
i0-001
COMMENT
CL-07676
From:
Sent:
To:
Cc:
Subject:
Ben Turgeon
Monday, March 15, 2010 5:27 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Ben Turgeon in Fredericton, New Brunswick
Hi!
Creating a 10:1 leverage restriction will cause a lot of entry-level traders that don't want to risk a lot of income to drop out of
the game.
It will also impact a lot of traders that use a strategy that involves having a high leverage. When you are trading currencies,
you need a high leverage; it's not like stocks. We are trading on the 4th decimal of the currency, therefore we need a higher
leverage in order to make profit.
Please re-consider this decision as it will affect a lot of traders in a negative way.
Thank you for your time!
Sincerely,
Ben Turgeon
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