Comment Text:
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From:
Sent:
To:
Subject:
[email protected]
Monday, March 8, 2010 6:32 PM
secretary
Public Comment Form
Below is the result of your feedback form. It was submitted by
([email protected]) on Monday, March 08, 2010 at 18:32:25
commenter_subject: Regulation of Retail Forex
commenter frdate: 3/8/2010
commenter_frpage: 1
commenter comments:
Hello,
I wanted to tell you please let us manage our
money and our developed learning curves. We
couldn't 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 taxesi0-001
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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 live trading. 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 Respect
-Adam "Smitty" Smith
commenter_name: Adam "Smitty" Smith
commenter addressl: 32 Overlea Dr
commenter_city: Springfield
commenter state: ma
commenter_zip: 01119
