Comment Text:
i0-001
COMMENT
CL-06700
From:
Sent:
To:
Subject:
[email protected]
Tuesday, March 9, 2010 7:16 PM
secretary
Regulation of Retail Forex
As a retail trader changing the margin from 100:1 to 10:1 would be a disaster to the small
trader and begining trader. The forex market is going through a huge transition of supplying
training and information to help make succesful traders. The Expert advisor programs out in
the market now are getting unbelievably succesful at helping to make profitable trades for the
beginning and experienced traders. I have promoted to my family and freinds to learn this
method of trading and to do the education first and understand what the market is about and
the risks involved. I believe the market needs the chance to evolve with all the education and
help out there for the traders now PLEASE DO NOT pass these regulation changes and take
away another opportunity for the middle class and below. There are many success stories out
there starting from hardly nothing and becoming a successfull trader. The stock market is not
being regulated on margins or I havent heard of it yet but a stock like Chevron corp can trade
almost like a penny stock running up or down many dollars at the end of a trading day on
margin calls. No one is stopping the OTC DIRIVlTIVES that took our country and the world to
the brink of global ruin and yes I hear they are ramping up again. Please let the FOREX
MARKET EVOLVE as it is doing. With more succesful traders comes more income and
TAXES all good for our beaten down economy and rampant unemployment!!!
Thank you
M.A. EARLE
