Comment Text:
i0-001
COMMENT
CL-08753
From:
Sent:
To:
Cc:
Subject:
Ed Ethredge
Sunday, March 21, 2010 11:56 AM
secretary
[email protected]
Regulation of Retail Forex
R1N 3038-AC61
Mr. Stawick:
I hope that all is well with you. I am writing to you about the proposed Regulation of Retail Forex changes. I suspect that
your mail and email are getting somewhat inundated. I will keep this brief. Should this particular Regulation be allowed to
pass, it would affect a good deal of smaller traders who otherwise might not be able to have a dream of someday becoming
more financially less dependent on the government and others for day to day living. One of the reasons that I, for one, got
involved in forex trading IS for the lack of a more intense financial commitment. I do not come from a family with a lot of
financial resources. That does NOT mean, however, that I have less of a desire to achieve certain things. Trading at the
level that I currently have available to me has allowed me to gain a certain bit of financial intelligence. Maybe allowing
those with less financial means to be able to trade as we currently have the ability to do will result in more of us having the
ability to not only be less dependent on the government for retirement, it might also mean that we could help others achieve
some of their financial goals as well. Both Donald Trump and Robert Kiyosaki wrote a book about why they'd like others
to become "Rich". I think that it's partly because if one is not a part of the "solution", so to speak, one becomes a part of the
"problem", simply by default.
I'm not trying to insinuate that allowing the current leverage will be the end all solution. I'm suggesting that allowing the
current leverage will allow more people to take part in becoming active in increasing their own financial intelligence and
therefore allow more people to effectively increase their own means and possibly help others to be able to accomplish the
same.
Thank you for the opportunity to voice my opinion.
Ed Ethredge,
Forex Trader, Philadelphia, PA
