Comment Text:
i0-001
COMMENT
CL-01856
From:
Sent:
To:
Subject:
Jeremy Whittaker
Thursday, January 21, 2010 1:45 PM
secretary
Regulation of Retail Forex
To Whom It May Concern:
There are proposed changes to limit Forex trading to a 10:1 margin. I wanted to send an email
indicating my vehement opposal to this suggestion. 10:1 leverage is way to low and even conservative
investors like myself will be significantly negatively impacted by this decision. I do not invest
carelessly and even I would be affected. Please do NOT move forward with this!
Jeremy Whittaker
MCSE MCSA CCNA CCA
N2 Network Solutions
3116 South Mill Ave Suite 106
Tempe, Arizona 85282
Phone: (602) 445-9816 ext 537
Toll Free: (800) 784-4155 ext 537
Fax: (602) 297-6838
Risk Disclosure
The information I provide should not be considered for live trading. I provide all information for
hypothetical purposes. In assessing the markets and placing your trades you must carry 100% of the
responsibility. Trading foreign exchange on margin on most occasions can be described as outright
stupiditiy and it carries a high level of risk. It also is not suitable for all investors. The high degree of
leverage can work against you as well as for you. Before deciding to invest in foreign exchange you
should carefully consider your investment objectives, level of experience, and risk appetite. It is likely
that you will lose your all of your intiial capital if you trade anything therefore you should not invest
money that, if lost, will significantly impair your ability to support yourself, your family, retirement, etc.
You should never risk more than 1% of your capital on any given trade. Controlling your risk will be a
major factor in your ability to succeed (and survive) as a trader. You should be aware of all the risks
associated with foreign exchange trading, and seek advice from an independent financial advisor if you
have any doubts.
