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Comment for Proposed Rule 75 FR 3281

  • From: David Lopez
    Organization(s):

    Comment No: 5020
    Date: 2/4/2010

    Comment Text:

    i0-001
    COIvIMENT
    CL-05020
    From:
    Sent:
    To:
    Subject:
    David Lopez
    Thursday, February 4, 2010 6:10 PM
    secretary
    Regulation of Retail Forex
    I am a forex trader who understands the inherent risk behind leveraged trading. I
    believe that in America, Forex Traders should be allowed the freedom to decide
    how much leverage to access when making an educated decision on the expected
    price movement of a currency pair. Stop/Limit Orders already exist to minimize
    losses. Each trader has a responsibility to accept all losses incurred based on poor
    life choices. Do not limit the tools accessible to mature & responsible traders
    because of a few outspoken & uneducated people who expect to use Forex as a
    get rich quick scheme rather than the professional market place that requires
    education, hardwork, & most importantly, Discipline!
    Please ensure that the retail Forex markets in the USA can grow & capture new
    markets by maintaining the 100:1 leverage.
    I agree with the brokerage firms minimum requirements!!!
    --
    Sent from my Palm Pre