Comment Text:
i0-001
COMMENT
CL-08741
From:
Sent:
To:
Subject:
Rob Schim van der Loeff
Sunday, March 21, 2010 8:32 AM
secretary
Regulation of Retail Forex
I'm about to start investing in foreign currency through a U.S. dealer. I am very concerned about the proposed
rules from the CFTC.
Limiting customer trading leverage to 10 to 1 will only increase risk, not decrease it.
My strategy is to have 90% of my capital on a bank account collecting interest, and 10% on a forex trading
account.
(forex is still safer than futures, because I can only lose what is in my forex trading account)
By limiting leverage to 10 to 1, I have to put 20 times as much money in my high risk trading account, with the
chance to lose it all. Limiting the leverage to 10 to 1 will definitely increase risk, not decrease it.
Reading he rest of the proposed rules, I am convinced that the CFTC is doing good work to make forex trading safer
and more transparent.
Please, do not limit the leverage. I would be forced to take my business outside of the United States.
Rob Schim van der Loeff
Hilversum N/A, 10001
[email protected]
