Comment Text:
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COMMENT
CL-03645
From:
Sent:
To:
Cc:
Subject:
Jaquin Global Real Estates & Goodwill Buy Sell Businesses
Sunday, January 24, 2010 10:57 PM
secretary
Ismail
Regulation of Retail Forex: RIN 3038-AC61
To Secretary of CFTC.gov
As a small forex trader whose only part time income source depends on, our the job market lacks luster
and difficulty in finding a part time job at this moment.
The proposed new leverage is too little. We are very small traders.
My achievement is i can produce profits and manage losses well.
I want to teach poor people to earn USD 5-10 a day. I want to teach poor people how to retire. This is
my opportunity to them. We are not gamblers, we are trying to make a little for ourselves by being
smart. Something that poor people are short of.
I am not concerned about the rich people, but more how can i help poor people to improve and free
educations in future, rather than poor children in asia, results in abuse and have no opportunity and taken
advantage by bad people.
I want to teach people the risk management step first, then learn to make USD5-USD 10 per day.
All my talents if i could discover them goes into helping the poor people and something for myself.
Forex is one of my small talent, and discovering to help people to make less losses and we have to
compete with banks who have so much leverages and stop hunters who manuplicate and eat all small
poor people miminal profits for survival.
Forex trading is not about luck.
We are not the great people who have millions of dollars to make a change in huge drops and to make
up shock from sleep when you wake up in the morning, and to make your investment and purchases cry
the next morning when rates are drastically differ.
Giving us a small leverage, may save US dollar for now, but not for long, I predict, if leverages will be
10:1. Euro will be the most traded currency, to CAD, To AUS, even NEW Zealand, with JPY and SGD.
Inflation will be high. I assume, cause it is very difficult to value an item when currency arent able to
fluctuate very much.
10% fluctuation has its effect.
It is good for all those nights and morning huge drop to be minimised, but it is not good for the whole
world.
The worst case scenario, My advise if you must limit : then do it well. should limit 50:1 for banks and
pass 100:1 for below 100k margin and lesser for those who have millions to trillions.
USD is a good currency in this world for poor nations, eg when i when to cambodia, everything was soi0-001
COMMENT
CL-03645
expensive, using USD.
eg. PIZZA in cambodia, is USD 6. with 10:1 leavrage, Pizza cannot be valued well, and so inflation can
take on massive huge figures, why?
Because USD has leverage of 10:1.
I Hope CFTC will consider its proposed leverage with a very deep understanding. You should
understand the banana money thoery.
we are just small people trying to live but having a small income, if possible.
Thank you very much.
Ms. Jaquin
Real Estate & Investment, Goodwill Business Broker,
Global Businesses.
