Comment Text:
i0-001
COMMENT
CL-08795
From:
Sent:
To:
Cc:
Subject:
Jason Guidry
Sunday, March 21, 2010 9:51 PM
secretary
[email protected]
Regulation of Retail Forex
RIN 3038-AC61
From: Jason Guidry in Houston, Texas
Dear Secretary,
I am a retail forex trader who resides in USA and currently trade with a registered NFA broker. I want to
express my complete and total dissagreement with the new proposed changes in forex leverage from
100:1 to 10:1. I trade forex for a living and have done so for over 10 years now. I have never, not once,
blown/lost my account balance, as a matter of fact I have made money consistently. I've done so mainly
because of leverage! Because of 100:1 leverage I was able to trade enough "lots" to actually make
enough money to live on. Anything lower than 100: l leverage would not allow me to do this! 10:1
leverage is insane for small time traders like myself.
I really like my USA NFA broker and desire to stay with them however if leverage is lowered below 100:1 I
will be forced to move to an unregulated USA broker, either here in USA or overseas. Not only myself but
many others too! That is not a good thing but again we will be forced to do so.
Please reconsider the new proposed leverage rule and leave it as it currently is, 100: 1.
Thank you,
Jason Guidry
Houston, TX
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