Comment Text:
i0-001
COMMENT
CL-08027
From:
Sent:
To:
Subject:
Jay Lingard
Tuesday, March 16, 2010 6:48 PM
secreta ry < secreta ry@ C FTC. g ov >
Regulation of Retail Forex
RIN 3038-AC61
To whom it may concern, I am strongly against the proposed change of the leverage.
For two reasons, one: you are asking people to trade big positions, possibly 10 times the amount
they are currently trading = 10 times the risk equaling more than likely, big losses for people just
starting their trading carers. For me it was a god send to be able to trade at 10 cent per pip ( or
there a bouts), it reduces the amount risk thus reducing the stress levels and making it easier to
stick to trading plans, hone your skills with real $$$ and becoming profitable. You can always go up
in lot sizes no mater the margin , but if you are unable to go down to a comfortable size that would
be a dam shame.
Two: If the margin was to change, there is no way that small traders like myself would ever be
able to relise our dreams of trading for a living and that is the biggest shame. In a world of trials
and tribulations it's nice to have a light at the end of the tunnel with the possibility that the dream
will come to reality.
Jay Lingard
MSN NZ Travel Find a way to cure that travel bucl
