Comment for Proposed Rule 75 FR 3281
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From:
Alex Popov
Organization(s):
Comment No:
1517
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01517
From:
Sent:
To:
Subject:
Alex Popov
Thursday, January 21, 2010 3:34 AM
secretary < secretary@ C FTC. g ov >
Regulation of Retail Forex
RIN 3038-AC61 To: David Stawick, Secretary Commodity Futures Trading Commission
Dear Mr. Stawick!
Not to waste your time on pleasantries, I think that limiting the maximum leverage for retail Forex
traders will serve nothing than closing another of a very few remaining roads to American dream to
all that were not born into money. High leverage does not spell "high risk", because the risk is
limited by a small amount of deposit anyway, but an opportunity for a regular guy to use his
talents, knowledge and persistence, rather capital to achieve such a dream!
I am studying technical analysys and trading psychology for 3 years now. Everyday 8-10 hours. I
do not have enough capital to trade commodities, but I can and will trade Forex. If you will limit
maximum leverage in US, I will open an account somwhere else even under risk of fraud. If you
will make it impossible to open a forex account in Europe from US, I will move to Canada. But I will
never give up my dream. And , trust me, I am not alone. So all that can be achived by such
regulation is relocation of another industry overseas. And if you think that you can protect a
gambler by such a measure, you are naive.
Alex
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