Comment Text:
i0-001
COMMENT
CL-08711
From:
Sent:
To:
Subject:
James Fox
Saturday, March 20, 2010 6:59 PM
secretary
Regulation of Retail Forex Market 1D# RIN 3038-AC61
Dear Secretary of the CFTC,
In referance to the Regulation of the Retail Forex Market ID# RIN 3038-AC61 proposed leverage
change from 100:1 to 10:1 is too much regulation, I am opposed to this. I chose a 2 year education and
1 year mentoring course to insure that I was prepared to choose a good broker, type of account, pip
value, good money management and have knowledge of leverage and margin requirements and risk
calculation before demo trading for at least 3 months. The proposed broker requirements will weed out
the bad brokers and make it safe to keep an account inside of the well regulated United States.
When trading with risk capitol it should be My choice as an American to have the choice as to how
much I leverage my account, whether it be 100:1 or 200:1 for a mini account and no more than 100:1
for a stantard account, those would be my choices. I am responsible and hold myself accountable for my
choices and should not have to be penalized for the poor choices that many uneducated people have
made. Thank You for your valuable time.
Respectfully,
James Fox
Retail Forex Trader
P.O. Box 2162
Wheat Ridge, CO
80034
