Comment Text:
i0-001
COMMENT
CL-03436
From:
Sent:
To:
Subject:
Holee Whoo
Sunday, January 24, 2010 12" 18 AM
secretary < secretary@ C FTC. g ov >
RE:
RIN 3038-AC61
Oops! I meant to say: "Please don't take AWAY Forex as a legitimate trading vehicle." And also
wanted to add that the trading gaps in the stock market won't allow you to trade CERTAIN time
frames with moving averages, not all.
Sincerely,
Joel Doucet
From: [email protected]
To: [email protected]
Date: Thu, 21 Jan 2010 10:37:26 -0500
Subject: RE: RIN 3038-AC61
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:
Holee Whoo [mailto:[email protected]]
Sent:
Thursday, January 21, 2010 1:58 AM
To:
secretary
Subject:
RIN 3038-AC61
I've read about the proposed regulation to change the leverage in Forex to 10:1
I believe this is the wrong way to tackle the problem of people who have lost money in Forex. I've
tried various demo platforms and saw that EVERY platform I tried shows you the profits and losses
on your positions in real time. The ONLY way that you can lose your shirt in that kind of situation in
my opinion is if someone is in flat denial. I've spent 18 months trying to developa method to
trade Forex profitably. And I believe I'm very close to becoming profitable. However, when testing
methods, I want to use the smallest amounts of money. Lowering the leverage to such an amount
makes it impossible to use small amounts of money to gain experience. How can you gain
experience without using real money? I now have a micro lot account with an off-shore broker.
The stock market is simply not the same because it does not operate 24 hours a day. The trading
gaps will not allow you to trade with moving averages. Also, if you have a full time job, you cannot
easilly day trade stocks. Please don't take Forextrading asa legitimate trading vehicle. If
someone used a calculator, they would see the tremoundous amount of flexibility you have with
micro and mini lot accounts.
Sincerely,
Joel Doucet
Hotmail: Trusted email with Microsoft's powerful SPAM protection.
Sign up now.
Hotmail: Free, trusted and rich email service.
Get it now.
