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Comment for Proposed Rule 75 FR 3281

  • From: Jeff Timm
    Organization(s):

    Comment No: 7730
    Date: 3/15/2010

    Comment Text:

    i0-001
    COMMENT
    CL-07730
    From:
    Sent:
    To:
    Subject:
    Jeff Timm
    Monday, March 15, 2010 9:34 PM
    secretary
    'Regulation of Retail Forex'
    Do not change the Leverage in the retail forex market. I know you want to
    protect us from ourselves, but changing the leverage will not reduce the
    risk. Our risk comes from our stop loss x position size. Even with a small
    position size we can still lose all if we don't manage stops. Basic money
    management is how successful traders run things.
    When you change the leverage you'll limit our ability to make trades and
    profits. When we profit, the economy around us improves.
    Leave the Retail Forex alone.
    Sincerely;
    Jeff Timm
    Las Vegas, NV
    Forex Trader