Comment for Proposed Rule 75 FR 3281
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From:
Gavin Finlay
Organization(s):
Comment No:
945
Date:
1/20/2010
Comment Text:
i0-001
COMMENT
CL-00945
From:
Sent:
To:
Subject:
Gavin Finlay
Wednesday, January 20, 2010 10:07 AM
secretary
Please do not Change Forex Trading Leverage
Dear Secretary,
I normally never get involved, but this time i need to. I am 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. VVhen 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 like Me.
I do not have $5,000 or $10,000 to put in an account. I Trade with Micro Lots & Changing
Leverage will Only Hurt the Little Trader
like MYSELF from Making Money in this Very Tough Recession.
By the way, profits on trading are TAXED!!!!!, So the government will loose the capital gains
paid on my
profits, if i don't trade.
Please DO NOT make any Changes to LEVERAGE!!!!!
Respectively,
Gavin Finlay.
