Comment Text:
io-ooi
COMMENT
CL-03256
From:
Sent:
To:
Subject:
Attach:
[email protected]
Saturday, January 23, 2010 12:59 PM
secretary
Public Submission for 2010-00456
Public Submission for 2010-00456.zip
Please refer to the attached file.Please Do Not Reply This Email.
Public Comments on Regulation of Off-Exchange Retail Foreign Exchange Transactions and
Intermediaries:
Title: Regulation of Off-Exchange Retail Foreign Exchange Transactions and Intermediaries
FR Document Number: 2010-00456
Legacy Document ID:
RIN: null
Publish Date: Wed Jan 20 00:00:00 EST 2010
Submitter Info:
first name Charles
last name WahlerJr
address1 107 Danna Way
city Saddle Brook
country United States
us state NJ
zip 07663
company
To Whom it may concern, as a fairly new comer to the forex market I have to say that
changing the leverage from 100:1 to 10:1 would be devestating to my second income. I
understand that some people, who knew what they were getting into, but did'nt want to take
the responsability for their own bad trading habits, have complained about their brokers
ripping them off. I lost money as well in the begining, but was well aware of the risk. Changing
the leverage on forex trading would only do more harm then good. People are informed(in
writing) the risk involved in trading, and should not be trading Forex if they; don't know what
they are doing or; don't have the money to risk losing. Again please do not take away this
source of income form those of us who are; responsable and mature enough to be able to
trade.
Thank You
Charles Wahler, Jr
Forex Trader
