Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Romolus Cotoara
    Organization(s):

    Comment No: 367
    Date: 1/18/2010

    Comment Text:

    i0-001
    COMMENT
    CL-00367
    From:
    Sent:
    To:
    Cc:
    Subject:
    romolus cotoara
    Monday, January 18, 2010 6:16 PM
    secretary
    support@metatrader247, com
    new rule
    The CFTC is considering a new rule that will limit the amount of leverage offered by NFA-registered
    brokers. The proposed limit is 10-to-1.
    Dear secretary,
    Always I wanted to learn to trade. I started to learn about Stock market, but very soon I realized I
    cannot afford to trade because of the large capital need it.
    Then I found the Forex Market. The biggest advantage was and is the good leverage the brokers from
    Forex are offering for the little capital ordinary people have. With $1000.0 and less I may be in the play.
    I may have a chance to increase my income, but I may have the chance to improve my Mind Thinking.
    America have to stand for the liberty of the free choice. 9/11 killed the best traders of the world, and
    DJ needed years to come back. Needs years and years to educate good traders who can bring money IN
    the USA.
    You already come up with restriction that the rest of the Forex Wold are free off.
    We have the choice to go offshore. But this is not the point. Let us to learn and trade here in our
    home, USA.
    Please think how about to improve the system: force the brokers to offer free lessons, good real
    lesson to teach the new traders for free to become efficient traders, to compete with the rest of the Forex
    World. That will be a good idea who all traders will like it.
    Please, do not make one more mistake.
    Please do not promote the last rule:
    "new rule that will fimit the amount of leverage offered by NFA-registered brokers. The proposed Bruit
    is lO-to-1."
    With all due respect,
    A humble Forex Beginner Trader
    Romolus Cotoara
    USA, PA