Comment Text:
i0-001
COMMENT
CL-00516
From:
Sent:
To:
Subject:
[email protected]
Tuesday, January 19, 2010 12:42 PM
secretary
Regulation of retail Forex
Mr. Secretary...
I am a 72 year old married woman. Both my husband and I are on Social Security with limited
savings.
I have tried and failed at trading equities and options. I lost a great deal of my trading account
with the latter.
I am able to trade an average of 5 mini lots in the Forex market and make 10 + pips (or lose 10
pips) without risking huge amounts of money ....
only because of the 1-100 leverage that we
have. I urge you not to change this.
Even though my 85 year old husband is still trying to work in sales, my Forex trading is the
only way I see of supplementing our income in these economic times. I do not need to be
"protected" by reducing the leverage... I use sensible stops on trades and risk small amounts of
money.
I trade under EMBA House, IIc, which I established originally to publish a book I had written.
Please hear me. Thank you.
C. Jean Coles
2550 S. University Blvd. Apt 502
Denver, Co. 80210
Ph: 303-871-8720
