Comment for Proposed Rule 75 FR 3281
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From:
Peter Wagemann
Organization(s):
Comment No:
919
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00919
From:
Sent:
To:
Subject:
peter wagemann
Wednesday, January 20, 2010 5:59 AM
secretary < secretary@ C FTC. g ov >
proposed changes to forex trading leverage
Dear Secretary,
I normally never get involved, but this timei need to. Iam against any changes
to forex trading rules
concerning leverage.
People lose money trading forex not because of
leverage
but due to making
losing trades, just like stocks, ect. When proper cash management of 2% of an
account and stop
looses are used, a person can trade successfully. This will only effect the
everyday day person- us
small people. I do not have $5,000 or $10,000 to put in an account. These
micro accounts are the
only way us little traders have any hope of making any money.
If this passes, I will loose my ability of making the extra money to help me thru
this great recession.
By the way, profits trading are TAXED!!!!! So the government will loose the capital
gains paid on my
profits,
if i don't trade. I URGE YOU NOT PASS ANY CHANGES
REGARDING LEVERAGE!!!!!
Respectively,
Peter Wagemann
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