Font Size: AAA // Print // Bookmark

Comment for Proposed Rule 75 FR 3281

  • From: Adam Smith
    Organization(s):

    Comment No: 6586
    Date: 3/8/2010

    Comment Text:

    i0-001
    COIMMENT
    CL-06586
    From:
    Sent:
    To:
    Subject:
    AdamAlexander3
    Monday, March 8, 2010 6:00 PM
    secretary
    Re: Regulation of Retail Forex - READ - REVISED
    Hello,
    I wanted to tell you please let us manage our money and our developed learning curves.
    We couldnt find any jobs around here in USA, trading/investing is the only way. IF people are
    unacknowledged, then they have to pass hours and trading lots before they can register for
    any USA forex brokers, but changing the leverage to 10:1 is unacceptable because we
    couldn't afford to trade that much, it will sink people budgets much more than 100:1 because
    of the margin, if its 100:1 and it wont take out thousands of dollars like 10:1, please give
    people the opportunities to learn and turn their lives around if they traded properly and stay on
    100:1 to invest and get more return, I am sure that the traders will upgrade the leverage when
    they are ready!
    You cant just change the leverage if your not a trader? If your a trader, you will know how we
    feel!
    There are direct sales marketing, people lost money with it - same as Forex - gambling-
    lotteries - those are the same, let us manage our money since we are American and we
    require our freedom to do anything to allow them to change their lives. They worked hard to
    pay America debt like taxes and we are in the war right now. Imagine if you changed the
    leverage to 10:1 and most business will leave to over sea and there will be no more taxes
    available for USA, meaning USA will not have more money to pay off the debt and is making a
    longer way to pay off the debt. If you don't change the leverage, business will stay and bring in
    more traders and they DO offers courses for inexperienced traders and the FOREX brokers
    websites has "RISK DISCLAIMER" banners just like Direct Sales Marketing companies-
    "*These statements have not been evaluated by the Food and Drug Administration. This
    product is not intended to diagnose, treat, cure or prevent any disease."
    You can warn people about FOREX better than changing the system such as leverage.
    Please give us a chance to keep 100:1, I love FOREX and I trade for living, but if you
    change it to 10:1, then I will be drowning into debt and what if i couldn't find a job then I will be
    out living on the street - suffering.
    I didn't want this to be changed cuz I worked long time to develop my learning curve, and
    did practiced with demo accounts for MONTHS before I feel satisfied to do ].i~..e.~[~.cl..!~go. You
    should promote "RISK DISCLAIMER" BETTER so people can read before doing real trading.
    I got to say that" I AM A PROUD AMERICAN and DON'T TAKE MY FREEDOM AWAY FROM
    ME!
    Much Respecti0-001
    COIMMENT
    CL-06586
    -Adam "Sm itty" S m ith
    32 Overlea Dr
    Springfield, Ma 01119
    From:
    AdamAlexander3
    To: [email protected]
    Sent:
    Mon, March 8, 2010 5:58:03 PM
    Subject: Regulation of Retail Forex - READ!
    Hello,
    I wanted to tell you please let us manage our money and our developed learning curves.
    We couldnt find any jobs around here in USA, trading/investing is the only way. IF people are
    unacknowledged, then they have to pass hours and trading lots before they can register for
    any USA forex brokers, but changing the leverage to 10:1 is unacceptable because we
    couldn't afford to trade that much, it will sink people budgets much more than 100:1 because
    of the margin, if its 100:1 and it wont take out thousands of dollars like 10:1, please give
    people the opportunities to learn and turn their lives around if they traded properly and stay on
    100:1 to invest and get more return, I am sure that the traders will upgrade the leverage when
    they are ready!
    You cant just change the leverage if your not a trader? If your a trader, you will know how we
    feel!
    There are direct sales marketing, people lost money with it - same as Forex - gambling-
    lotteries - those are the same, let us manage our money since we are American and we
    require our freedom to do anything to allow them to change their lives. They worked hard to
    pay America debt like taxes and we are in the war right now. Imagine if you changed the
    leverage to 10:1 and most business will leave to over sea and there will be no more taxes
    available for USA, meaning you have more money to pay off the debt. If you don't change the
    leverage, business will stay and bring in more traders and they DO offers courses for
    inexperienced traders and the FOREX brokers websites has "RISK DISCLAIMER" banners
    just like Direct Sales Marketing companies-"*These statements have not been evaluated by
    the Food and Drug Administration. This product is not intended to diagnose, treat, cure or
    prevent any disease."
    You can warn people about FOREX better than changing the system such as leverage.
    Please give us a chance to keep 100:1, I love FOREX and I trade for living, but if you
    change it to 10:1, then I will be drowning into debt and what if i couldn't find a job then I will be
    out living on the street - suffering.
    I didn't want this to be changed cuz I worked long time to develop my learning curve, and
    did practiced with demo accounts for MONTHS before I feel satisfied to do live trading. You
    should promote "RISK DISCLAIMER" BETTER so people can read before doing real trading.i0-001
    COIMMENT
    CL-06586
    I got to say that" I AM A PROUD AMERICAN and DON'T TAKE MY FREEDOM AWAY FROM
    ME~
    Much Respect
    -Adam "Sm itty" S m ith
    32 Overlea Dr
    Springfield, Ma 01119