Comment Text:
i0-001
COMMENT
CL-08217
From:
Sent:
To:
Subject:
Bill Woodbridge
Wednesday, March 17, 2010 3:05 PM
secretary
regulation of Retail Forex
Please do not limit retail Forex traders to a 10:1 maximum leverage. Many of us have our accounts auto-traded by
professionals who are very conservative. A 10:1 limit on leverage would substantially reduce our ability to make profits
which probably only serves to protect certain special interests of the CME. A limitation of 25:1 would be onerous enough,
but at least that would be better than 10:1. People who want to take gambling like risks in their trading will find other places
to do it if not with FX, so the 10:1 limitation would not "protect them from themselves". It would only serve to punish those
who are trading responsibly through professional traders' recommendations.
Thanks,
Bill Woodbridge
Los Angeles
310-824-2433
