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Comment for Proposed Rule 75 FR 3281

  • From: NightCrawler8510
    Organization(s):

    Comment No: 6911
    Date: 3/12/2010

    Comment Text:

    i0-001
    COMMENT
    CL-06911
    From:
    Sent:
    To:
    Subject:
    N ig htC rawler851 O@aol. com
    Friday, March 12, 2010 7:30 PM
    secretary
    I Disagree with the 10:1 maximum Leverage!
    If You Guys knew anything about Currency Trading then You Would know that nobody will ever get anywhere
    with a 10:1 Leverage. If this happens I will personally seek to open an account with a UK Broker or one from
    Switzerland and those countries will be getting all the Income instead of the United States of America. America
    seems to be destroying itself from the inside out because nobody wants to do businesses in America anymore
    and Nobody wants to work in America anymore because the American Government and the Giant Corporations
    are putting All of the Small Businesses and All the Money on other Foreign Countries because everything is
    cheaper out there and that is why many Americans have lost their Jobs. By Changing the Leverage the only
    thing that You will accomplish is that You will drive the Forex Business Out! and nobody is going to want to do
    Business Here! If You think that the Leverage is too high then the traders shouldn't be stupid enough to just
    jump into something without doing their proper research first. I have lost money and everyone loses money but
    that's because nobody can predict where the markets are going and if an individual decides to use Higher
    Leverage more than what he/she can afford to lose then that isn't the Broker's or the Brokerage Firm's Fault. I
    have learned my lessons of not using too much Leverage and so i only use Half of what i can afford to lose.
    HIGH LEVERAGE IS NEEDED IN THE FOREX MARKET! BECAUSE IN THIS MARKET EVERYONE MAKES
    MONEY BY FRACTIONS OF A PENNY! If You guys don't know anything about the FOREX Market then I
    should advise You All to Leave it alone and do some research before RUINING EVERYTHING FOR
    EVERYONE. IF A CLIENT LIKE MYSELF CHOOSES TO TAKE A RISK BY USING HIGHER LEVERAGE
    THEN THAT IS A DECISION THAT IS MADE BY GROWN UP PEOPLE AND THEY SHOULD UNDERSTAND
    THE RISKS OF THIS MARKET BEFORE GETTING INTO IT. I'M GETTING TIRED OF HEARING FROM
    PEOPLE LIKE YOUR AGENCY BECAUSE YOU ARE ALL TRYING TO CONTROL EVERYTHING AND
    EVERYONE THE WAY YOU WANT THINGS TO BE AND ARE TAKING AWAY ALL OF OUR FREEDOM
    LITTLE BY LITTLE AND TRY TO CONTROL US LIKE WE ARE ALL BABIES. IT'S VERY FRUSTING THAT
    YOU GUYS ARE GOING THIS! WHY DON'T YOU GO OUT LOOKING FOR CRIMINALS AND SCAMS
    INSTEAD OF DESTROYING THE AMERICAN FINANCIAL MARKETS!