Comment for Proposed Rule 75 FR 3281
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From:
Steven Bulger
Organization(s):
Comment No:
996
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00996
From:
Sent:
To:
Subject:
Steven Bulger
Wednesday, January 20, 2010 2:32 PM
secreta ry < secreta ry@ C FTC. g ov >
New Forex Leverage Rule
Dear Secretary of the CFTC,
I am concerned about the consequence of the new leverage rule being proposed for retail forex. A
leverage of 10:1 will make forex unavailable to many people trading forex with a small account. I
understand that you are trying to protect traders from over trading and losing all their money.
There will always be people who treat trading like gambling. You can not help these people as they
probably gamble as well. This rule will force many traders to open foreign accounts. 100:1 seems
to me to be appropriate leverage for trading retail forex.
Sincerely,
Steven Bulger
5431 Sweetwater Terrace Circle
Tampa, FL 33634
