Comment Text:
i0-001
COMMENT
CL-04350
From:
Sent:
To:
Subject:
Lyle King
Thursday, January 28, 2010 11:36 AM
secretary
Regulation of Retail Forex
I am strongly opposed to your proposal of 10 to 1 leverage being capped on the retail trader. If stamps
out the litte guy the oppositie of what I heard the obama administration is attempting to accomplish.
From what I heard in President Obamas state of the union adress he wants to spur economic growth
for main street, the middle class family. The families that cant afford to have 20k to 30k account to
trade forex. But who deserve to have the same freedoms and chances to generate an income as the
wealthy. I am writing a letter to my senator as well. The rich stay rich and the poor stay poor under
this proposal. I am a blue chollar worker that uses forex to generate extra income for his family and I
cant afford to keep 20k on hand as I use the money I make in Forex to provide for my family. Do you
wanna take that away from the American people? Indeed, leverage is a tool and risk management is
the key to not blowing up your account. Leverage provides the investor with a better chance for
profitability.
