Comment Text:
i0-001
COMMENT
CL-03539
From:
Sent:
To:
Subject:
Stephen Bergman
Sunday, January 24, 2010 2:15 PM
secretary
Regulation of Retail Forex
ID #: RIN 3038-AC61
Hello,
As a new physician in the work force, I have the unfortunate situation of large student loans/credit
balances due to the ever increasing cost of medical education coupled with increasing cuts to physicians
reimbursements. When I first became acquainted with forex trading four years ago, it was the
opportunity that reawakened the American dream for me. I knew there must be a way for the 'little guy'
to get ahead in this day of the information superhighway, so long as one had access to the internet, a tiny
bit of capitol, and the where-with-all to learn how to read and interact with the market. These days,
there is a lar~ge difference between needing a few hundred dollars vs. ten thousand dollars to get started
in the market. The risk that one takes trading this market is straight forward and reasonable considering
that forex traders generally cannot create a negative balance. I have been continuously refining my
trading strategy to minimize risk and optimize potential. Currently, I still find it hard to keep a balance
near or above ten thousand dollars due to my numerous bills/expenses. I think that the proposed
changes will make it increasingly more difficult for the average person to get a financial foothold should
they be persistent enough to actually develop a strategy that works, and have the savings to use in the
forex market. I'm not trying to conquer the world, but have chosen forex in this period of my life as a
means of trying to build savings/capitol which will ultimately be cycled back into the US economy. It
would really be a shame if this wonderful resource were basically shut off from so much of the
population because of changing regulations, especially in the absence of a clear need to lessen the
potential benefits of this market. PLEASE, consider letting the leverage remain at 100:1.
Thank you,
Stephen R Bergman, DO
