Comment Text:
io-ooi
COMMENT
CL-08637
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Sent:
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Subject:
Richard Karp
Friday, March 19, 2010 6:27 PM
secretary
Proposed change in leverage
As an independent trader I am totally against your proposed change in leverage. First of all you can never lose more then
what is in your account as
the broker will close you out if your getting near your account size. Secondly as a trader I always uses stops, always. And
last but not least if you do institute the
proposed change 1 will move my account to the UK. So what's the point. By the way, forex (the spot market) moves in
100th of scent moves. Without the leverage what the point.
I hate to put it this way but it's a dumb idea.
Sincerely,
Richard Karp
