Comment Text:
i0-001
COMMENT
CL-00080
From:
Sent:
To:
Subject:
pippinelle@comcast, net
Friday, January 15, 2010 12:44 PM
secretary
Public Comment Form
Below is the result of your feedback form. It was submitted by
([email protected]) on Friday, January 15, 2010 at 12:44:12
commenter_subj ect: Foreign Exchange Regulations
commenter comments:
Regarding Food, Conservation, and Energy Act of
2008, Pub. L. No. 110-246, 122 Stat. 1651,
2189-2204 (2008),: Increasing the margin levels to
1 : 10 is a horrible idea. It will make forex
trading impossible for the small trader. It will
force some brokers out of business because they
will lose their small trader base. It will mean
vastly diminished profits for successful traders.
The only reason forex trading is of interest to the
public is because it is possible to make a
substantial amount of money if a trader is
successful. If the leverage is changed by such a
huge amount, that will no longer be the case and
only the traders with very large accounts will be
able to participate. You cannot protect traders
from losses in the market by raising margin
requirements. In reality, many will probably lose
more because they will overleverage their accounts
to a greater degree and be closed out by their
brokers with trades that would later have become
profitable.
commenter_name: Mary Elle
commenter withhold address on: ON
commenter address 1 16106 Hunter Ave
commenter_city: Oregon City
commenter state: OR
commenter_zip: 97045
commenter_phone: 503-655-0137i0-001
COMMENT
CL-00080
