Comment Text:
i0-001
COMMENT
CL-08341
From:
Sent:
To:
Subject:
hailong song
Wednesday, March 17, 2010 9:30 PM
secretary < secretary@ C FTC. g ov >
regarding new regulation on forex trading
Dear CFTC:
I am Hailong Song, a descent trader in forex for several years.
On hearing the news of new regulation to limit the forex leverage to 10:1, I think you should hear
the voice of a ordinary trader.
Me and people I know who trade forex online, we are all very interested to forex trading. The
leverage of over 100:1 is the major fun of it. Imagine a trading with low leverage and big margin
cost, i believe no one will want to trade forex anymore.
This could be the a big setback in trading and economy.
So I am asking you to consider this again. For maintaining the minimum of 100:1 leverage is quite
crucial to most forex traders now, and will always be.
Sincerely yours.
Hailong Song
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