Comment Text:
i0-001
COMMENT
CL-OIOII
From:
Sent:
To:
Subject:
rusty crum
Wednesday, January 20, 2010 3:18 PM
secretary
New Forex Rules
I would like to express my concern on the new rules for trading Forex.
The proposed available leverage of 1:10 will make my current business strategy impossible and will
force me to do business elsewhere.
I am perfectly capable of assessing the risk with my trading, and actually I have spent many long hours
calculating my risk tolerance.
As far as I know every retail Forex broker has multiple warnings in regards to trading Forex and using
leverage.
When I opened my trading account I had to read and sign papers acknowledging that I was aware of the
risk.
I am an adult. I am a business owner. I am a voting, tax paying citizen.
I do not need protection from my Forex Broker offering too much leverage.
I do not need the Government telling me what is too risky and what is safe.
In fact the biggest threat that I currently face is higher taxes and hyper-inflation caused by political
policy gone wild.
Actually my financial well being is in much better shape than the Governments financial well being.
How can a Government who is running purely on debt tell me that it is too risky to trade Forex with too
much leverage?
Shouldn't the same Government who is telling me that it is too risky to trade with leverage consider
borrowing less money to pay for political programs that have no funding.
What I do need protection from is higher taxes and massive entitlement programs.
Maybe our tax dollars would be better spent on educating our politicians on how to use a budget.
Maybe our tax dollars would be better spent educating our politicians about leverage instead of me.
I want to take full responsibility for my trading.
I do not want you to take responsibility for me.
I know that for our politicians it is not very popular to take responsibility, but PLEASE allow me to take
responsibility for myself.i0-001
COMMENT
CL-OIOII
As a tax paying American citizen, don't I at least deserve to be responsible for myself'?.??
Please take these comments into consideration when choosing how you are going to affect my future.
Rusty Crum
[email protected]
