Comment for Proposed Rule 75 FR 3281
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From:
Cor Venter
Organization(s):
Comment No:
905
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00905
From:
Sent:
To:
Subject:
Cor Venter
Wednesday, January 20, 2010 2:10 AM
secretary
'Regulation of Retail Forex'
RIN 3038-AC61
Hi
I've been trading for 4 years now and never over leveraged.I try and keep my % risk per trade as small
as possible to manage risks.I'm a full-time trader and have enough capital to go on as it is now.
However iff the leverage would change from 100:1 to 10:1 I will have to risk far more per trade and don't
know iff it will be possible(mentally).l would then have to withdraw my capital and seek other bussiness
oportunities.
Why can't they just change it to 50:1 ?After all they just changed it from 400:1 to 100:1 last year.
I still want to be a trader but this changes will make it almost impossible!!!!.l think that the mojority off
people would withdraw their funds and even more jobs would be lost.
Thank you
Cor Venter
South Africa
