Comment Text:
i0-001
COMMENT
CL-08618
From:
Sent:
To:
Subject:
Rick and Sally Whittington
Friday, March 19, 2010 3:34 PM
secretary
Restricting leverage to 10-1
I am writing to voice my opposition to changing the leverage to 10-1. I currently have an FXCM mini account with
$1400. I enjoy trading currencies and trying different strategies, making some money very much like a hobby. I
currently have leverage of 100: 1, and can trade at the 10K level with one or two trades at a time. Obviously, if the
leverages change to 10: 1, I will be unable to trade the most widely traded currency pairs such as the EUR/USD or
the GBP/USD without a margin call!
Please don't take away these abilities from us! I am a retiree, and enjoy trading on the open American market. I
do not wish to be forced to move to another out of country platform. Leave the currency leverages platform as is
for us to continue to trade. Changes will cause us to either come up with more money or stop trading altogether.
Neither alternative would be good for me at this time, and not good for continuing open market trading.
Thank you for your consideration.
Sally Whittington
281-333-5210
