Comment for Proposed Rule 75 FR 3281
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From:
Dura Young
Organization(s):
Comment No:
1573
Date:
1/21/2010
Comment Text:
i0-001
COMMENT
CL-01573
From:
Sent:
To:
Subject:
dura young
Thursday, January 21, 2010 6:14 AM
secretary
Regulation of Retail Forex
Hello CTFC,
I am a Forex Trader in the Wizetrade 4X User Group from Los Angeles and also have MB Trading as
my brokerage firm. Everyone I've spoken to including myself know that this will be extremely
detrimental to our future as traders. Why? Because it means that a trader's profit will be reduced by a
factor of 10. For example: A trader using 1 mini lot can only make $10.00 for a 100 pip movement in
the market. I don't know who proposed this idea or who thought it would be "best for us" but it truly is
NOT. Please do the right thing and leave well enough alone.
Dura Young
20933 Doble Ave.
Torrance, CA. 90502
[email protected]
310.988.0152
