Comment Text:
i0-001
COMMENT
CL-07880
From:
Sent:
To:
Cc:
Subject:
trader
Tuesday, March 16, 2010 1 :
11 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
Dear David,
I trade Forex pairs for 7 years. Now trading Forex is my professional
activity and it yields me good revenue. I write about it to show you
that I know enough about this matter.
I've been trading Forex through US' broker since 2008. It's useful and
safe. In my opinion US' trading legislation at this moment is perfect.
If CFTC pass the law to limit leverage in retail Forex it'll be a
terrible disaster! Forex pairs are much less volatile than stocks. For
this reason 100:1 leverage is absolutely reasonable. It's possible to
limit leverage to 25:1. Limitation to 10:1 will make conditions of
trading in USA absolutely unprofitable.
This limitation will reduce to death of retail Forex in US. In such
occasion I'll have to find a Forex broker in another country and every
Forex trader will have to do the same.
I very want to continue Forex trading through US' broker. Please don't
limit leverage more than 25:1!
Best Regards,
Anton Polyakov
mailto :[email protected]
