Comment Text:
i0-001
COMMENT
CL-03899
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[email protected]
Monday, January 25, 2010 7:59 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 christopher
last name francone
address1 9974 Bailinquick Rd.
city Angels Camp
country United States
us state CA
zip 95222
company none
Gentleman:
Retail forex has been a big help to several people I know. They are able to supplement their
income which is very important these days. Where else can a person take a relatively small
amount of money and with the proper money management and trading technique build it
up.Reducing the leverage will greatly affect this and will in fact keep many people out of the
trading business.
Certainly traders are aware of the risks when trading as stated on a brokers website. I Think
some traders especially new traders are quick to to blame their brokers for their own short
comings lack of trading technique and or knowledge of forex.
I have been learning and am taking the time to learn the system and techniques and so I
want to supplement my income as I am retired.
I don't think changing the leverage will solve the problems that generate complaints from
traders. One big problem is all these systems for sale making big promises or telling people
that a person needs no knowledge of forex to trade.
Sincerely
Christopher Francone
