Comment Text:
i0-001
COMMENT
CL-03988
From:
Sent:
To:
Subject:
Greg Kricheff
Tuesday, January 26, 2010 5:40 AM
secretary
Concerning 10:1 forex limit
Concerning the limiting of forex trades to 1011 maximum leverage:
I'm not sure why this is being done, but I'm assuming that it is to protect traders who are either
inexperienced or those who like to gamble. But this will have a very bad effect on people like me, who
after extensive studying and practice have been able to successfully use forex to earn an income. People
like myself who take it very seriously, have put a tremendous amount of time into learning and do their
trading in a disciplined manner, should not be punished. Because my job was outsourced, I had to
search for other resources and have spent years learning how to trade forex. Now that I am successful
(trading for approx 5 years) cutting the leverage from 100:1 to 10:1 on the major pairs, will completely
wipe out the possibility of earning a profit (unless I were very wealthy, with massive amounts of money
to work with -- which I'm not).
I'm asking you not to do this. I've spent years of hard work, time and money to learn the skills
necessary for forex trading. It is a legitimate business, but like any other form of investment, not for
gamblers or for those who don't take the time to learn the whole business thoroughly before putting their
money in it.
Feel free to call me if necessary at 415-987-9449.
Yours truly,
Greg Kricheff
Brmh 16@gmail. com
