Comment Text:
i0-001
COMMENT
CL-00535
From:
Sent:
To:
Subject:
Roger
Tuesday, January 19, 2010 12:19 PM
secretary
RE:REGULATION OF RETAIL FOREX
I have been a forex trader for six years. I have found the use of good money management strategies has
protected me from over extending my capital account. I do not need the government taking
responsibility for one more thing that I can be responsible for on my own. With my available resources
I can make a supplemental income using the current 100:1 leverage strategy. If you change the leverage
to 10:1 it would more likely than not take me out of the market. 1 would have to have ten times larger
account, which means I would have to put ten times more of my account on each trade. The end result I
get out of the market.
THIS IS ONE MORE WAY THAT THIS ADMINISTRATION IS REMOVING OPPORTUNITY FOR
AN INDIVIDUAL TO BE SELF SUPPORTIVE. I HAVE BEEN MAKING UP INCOME LOSSES
DUE TO THE POOR ECONOMY BY TRADING THE FOREX. IF YOU MAKE THIS CHANGE IT
WILL REDUCE REVENUE TO MY FAMILY. IT APPEARS THAT THIS IS ONE MORE MOVE
BY THIS ADMINISTRATION TO CONTROL THE POPULAS.
I AM OPPOSED TO THIS MOVE BY THE CFTC.
Roger A. Thrush,
7777 Alvarado Road, Suite 257
La Mesa, CA 91941
(619) 465-2784
(619) 749-8828 FAX
[email protected]
