Comment Text:
i0-001
COMMENT
CL-00829
From:
Sent:
To:
Subject:
Kerwinn L Williams
Tuesday, January 19, 2010 8:33 PM
secretary
Proposed Changes
to Leverage
in Forex Markets
Secretary -
I have read the proposed change to the leverage in the forex markets
that the CFTC is suggesting. I am abhorred that the CFTC would make
changes to this leverage to limit what a small, independent trader can
do in this market. By decreasing the leverage, you will eliminate the
ability of small traders to actively participate in this market, making
it less liquid and removing their ability to take their own risks and
receive a reasonable return.
Many small traders help to make this market more liquid, more
advantageous for all traders to participate. Let us not assume that we
must tell people how they should leverage or how they should trade, let
us let them do what they need to do in their own opinion. If they do
not manage their capital well, they will not be in the market for long.
If they manage it well, and are successful in their trades, they will
earn a good return. I would deplore the idea that the CFTC would take
that opportunity away.
Sincerely yours,
Kerwinn Williams
