Comment Text:
i0-001
COMMENT
CL-05219
From:
Sent:
To:
Subject:
Bill Perrone
Monday, February 8, 2010 4:05 PM
secretary
Regulation Of Retail Forex
This is my vote that the CFTC does not change the available leverage in Forex from 100:1 tol0:1.
I have studied for so long on how to trade in the market and Forex is my favorite area to trade. Please do
not take this from us. Forex is the last refuge for a little guy like myself to really get to participate in a
market without outrageous cost involved.
I have been trading now for years after so many years of research and I've finally found a way to make a
few extra hundred dollars a month. Just enough to pay my bills. Before when I was not doing this I was
working two jobs and living in my car! Because I could not afford rent and utilities and a car payment
and car insurance, etc. Why not fix that problem? The cost of living versus the compensation of our
wages.
With Forex I am able to work one full time job and a part time job and pick up an extra few hundred
dollars a month though trading. This is just enough now to barely keep me stable and off of the street! If
you are actually going to say that such a thing is bad for me than I do not feel you are the ones to be
determining if anything at all is good or bad for me. I have gotten beaten down by nearly every other
investment vehicle except this one. I've tried real estate, small business, and other areas of the stock
market but this is the one area I was able to achieve success. If you take this now after I spent so many
years studying while living in my car than I will have nothing left to focus on. I will likely end up back
in my car while working two jobs and I simply won't go through that again. If you take this leverage you
are taking the last thing that I have to work with to help me and you will be ending the short bout of
stability I had finally learned and worked toward. I had to learn these things while suffering the failings
of this system, that being working two full time jobs yet still living in my vehicle. That is a system
failure. If you take this market from us little guys you will be taking my last hope for my investing
career. This will devastate me and if I fall into despair like I was before I will not pick up another book
to start studying another investment vehicle, I did enough of that for years and it led to the trading I do
now. I am too exhausted to go back to that. If you take this market from us I will end my struggle here
among you on your doorstep.
William Perrone
