Comment Text:
i0-001
COIMMENT
CL-00966
From:
Sent:
To:
Subject:
roland 1376@aol. com
Wednesday, January 20, 2010 11:39 AM
secretary
Forex Trading
Dear Secretary,
I email frequently and stay involved. I am strongly apposed to any changes to forex trading
rules
concerning leverage. People lose money trading forex not because of
leverage
but due to
making losing trades, just like stocks, options, or commodities etc. When proper money
management is used
and when stop loses are used, a person can trade successfully. This will only effect the
individual trader that trades small
amounts of there hard earned money. I'm an adult and responsible for myself and my family,
including how I choose to
invest. So please do not take the main attraction of the forex market and change it and claim
it's to protect investors.
I do not have $5,000 or $10,000 to put in an account. These micro accounts are the only
way that individual traders have
any hope of making any money. If you pass this,myself and all individual forex traders
will loose our ability to trade
and make the extra money to help us get thru this recession. !!!! By the way, profits made
trading are Taxable. So the
government will loose the capital gains paid on the profit made by individual traders who no
longer can trade. I
URGE
YOU NOT TO PASS ANY CHANGES to trading the forex market, especially
REGARDING
LEVERAGE!!!!!
Respectively,
Robert J. Roland
