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Comment for Proposed Rule 75 FR 3281

  • From: Marvin
    Organization(s):

    Comment No: 6438
    Date: 3/6/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06438
    From:
    Sent:
    To:
    Subject:
    Marvin
    Saturday, March 6, 2010 5:30 PM
    secretary
    Leverages
    I think the leverage proposal is totally unfair to those who cannot afford to trade forex starting with large accounts. All
    trading has its risks, but you don't see Scottrade asking you to start with 25 or 50k. I have personally learned so much about
    the markets trading forex and although I only started with $500, I have recently doubled my account. That may not be much
    to some, but it shows that with hard work and persistance one can become successful, and with 2 kids in college, I can't
    afford to open an account with 25-50k, but I can start where I'm at and build up from there. Leave the leverages alone, give
    the little guys a chance.