Comment Text:
i0-001
COMMENT
CL-01032
From:
Sent:
To:
Subject:
peter wagemann
Wednesday, January 20, 2010 4:32 PM
secretary < secretary@ C FTC. g ov >
my contact information RE: proposed changes to forex trading
leverage
i have sent the below email
my contact information is:
peter wagemann
59 jackson street
little falls, n.j. 07424
201-247-3892
From: [email protected]
To: [email protected]
Date: Wed, 20 Jan 2010 10:18:25 -0500
Subject: RE: proposed changes to forex trading leverage
Your submission has been received by the Commodity Futures Trading Commission. Please be
advised that this acknowledgement does not constitute either Commission approval of the subject
proposal or a determination that the proposal is consistent with the Act and the regulations
thereunder.
From:
peter wagemann [mailto:[email protected]]
Sent:
Wednesday, January 20, 2010 5:59 AM
To:
secretary
Subject:
proposed changes to forex trading leverage
Dear Secretary,
I normally never get involved, but this time i need to. Iam against any changes to forex trading
rules
concerning leverage.
People lose money trading forex not because of
leverage
but due to making
losing trades, just like stocks, ect. When proper cash management of 2% of an account and stop
looses are used, a person can trade successfully. This will only effect the everyday day person- us
small people. I do not have $5,000 or $10,000 to put in an account. These micro accounts are the
only way us little traders have any hope of making any money.
If this passes, I will loose my ability of making the extra money to help me thru this great
recession.i0-001
COMMENT
CL-01032
By the way, profits trading are TAXED!!!!! So the government will loose the capital gains paid on
my
profits,
if i don't trade.
I URGE YOU NOT PASS ANY CHANGES REGARDING
LEVERAGE!!!!!
Respectively,
Peter Wagemann
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