Comment Text:
i0-001
COMMENT
CL-01058
From:
Sent:
To:
Subject:
Patrick Walsh
Wednesday, January 20, 2010 5:16 PM
secretary
FOREX TRADING
Dear Secretary,
I normally never get involved, but this time I need to. I am 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.
By the way, profits trading are TAXED!!!!! So the government will lose the capital gains paid on my
profits, if I don't trade.
I URGE YOU NOT PASS ANY CHANGES REGARDING LEVERAGE!!!!!
Patrick M. Walsh
64 South Bay Avenue
Massapequa, NY 11758
Respectively,
