Comment Text:
i0-001
COMMENT
CL-06870
From:
Sent:
To:
Cc:
Subject:
Steve Lucks
Friday, March 12, 2010 6:55 PM
secretary
[email protected]
from Steve Lucks
Attention Gentlemen,
I am a businessman and have been my entire life. Retail space, inventory, staff, materials,
etc, is very expensive, forex Trading is a process of purchasing an inventory of currency
and later selling that currency at a profit (and sometimes a loss). This is a business that is
NOT cash intensive and allows the individual with a commitment and vision the ability to
learn a business and profit. Most businesses restrict the ability of the average person to even
get started because the start up costs are so large. Currency trading currently allows a
person to develop a true business with small amounts of capital. Yes it can be risky, but
what business isn't? We all lose money in our businesses as we learn to improve.
Preventing people from losing by excluding them is a disservice and a message of
disrespect. Let people take the risks they are willing to take to advance in life. Keep the
leverage where it is. My education in college was over $125,000 and I graduated without an
income. My trading losses while learning were about $15,000, but when I learned I had an
income.
Increasing the leverage won't stop losses. In fact, it will increase them. People will risk too
much and learn on large $10,000 accounts instead of $500 accounts. Please don't take
opportunity away from people. Our government has already made it close to impossible to
start a venture without legal obstacles that are overwhelming; licenses, regulation, codes,
etc. This country was founded on the freedom to risk, the freedom to fail, and the freedom
to win. Protect our country's freedoms and don't alter the forex leverage requirements.
Thank you for your time and attention.
Steve Lucks
Nashville, TN
