Comment Text:
i0-001
COMMENT
CL-02333
From:
Sent:
To:
Subject:
lj [email protected]
Thursday, January 21, 2010 10:41 PM
secretary
Public Comment Form
Below is the result of your feedback form. It was submitted by
([email protected]) on Thursday, January 21, 2010 at 22:40:52
commenter_subject: Retail Forex Transactions
commenter frdate: 1/13/2010
commenter_frpage: 5772-10
commenter_comments: I am a small retail forex investor. I have spent a
considerable amount of time and money learning to
trade the forex market to provide for my family.
If the margin is changed to 10:1, you will kill any
opportunity for the main street investor to make
enough to provide for their family. I know the
current mood in Washington is to protect us from
ourselves. Every company I have investigated in
the Forex makes the WARNINGS very clear that it can
be risky and to exercise good money management by
making small investments due to the leverage,
putting stops to minimize the losses if you enter
the trade and you are wrong. As a trader, there
are always risks and the possibility of losses. By
shrinking the margin to 10:1, I will have to try to
find another job because I don't have the deep
pockets of a financial institution to make big bets
for a reasonable return. Please keep the margin
at 100:1 for the retail forex trader and let the
little guy on main street have a chance to succeed.
The American people prefer opportunity and
accountable for ourselves rather than being
protected from success and betterment by the
government. Thank you for your consideration.
commenter name: Joe Panico
commenter withhold address on: ON
commenter_address 1 : 7801 Shadyrock Drive
commenter_city: Austini0-001
COMMENT
CL-02333
commenter state: Texas
commenter zip: 78731
commenter~hone: (512) 577-7164
