Comment Text:
i0-001
COMMENT
CL-07442
From:
Sent:
To:
Subject:
Brian Miller
Sunday, March 14, 2010 7:22 AM
secretary
a proud Democrat asks you, Please DO NOT Change Leverage to 10:1
Hello my name is Brian, and I trade on the Forex market. I started trading on the Forex market because I was an
underground coal miner. Coal mining is very dangerous and unhealthy, so I wanted to find a way to replace my
income as a coal miner, so I would not have to put life and limb at risk to support my family. I paper traded for a
couple of months until I was consistantly profitable, then I started to trade live. My income heavily depends upon
the amount of leverage that I use. If you were to change that to 10: 1, I would not be able to support my family,
and I would have to go back to underground coal mining. There are many ways to reduce the amount of risk, other
than changing leverage. For EX: Using Stop Loss, Trailing Stops, Contract Size and Quantity, Account type
Standard Mini Micro. If you are doing this to help the amount of risk involved there are many other ways to do so.
If someone is new to Forex trading, limit the account type to a micro, or limit contract quantity, for a few months.
If you are doing this for big corporations, limit contract quantity, or size. Big Corporations could still make alot of
money if you changed the leverage for them, BUT the everyday average joe could not do so, it would take to much
money to start making a good income. Please, I beg you, my family begs you, not to change the leverage to 10: 1.
There are many other ways to reduce the amount of risk, for the individual and/or the corporation. I am a
democrat that has served his country proudly in the U.S. Air Force,please let the individual choose the amount of
leverage they wish to use. I hope these words do not fall on deaf ears.
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