Comment Text:
i0-001
COMMENT
CL-04899
From:
Sent:
To:
Subject:
Richard Degenaar
Wednesday, February 3, 2010 11:03 PM
secretary
Regulation of Retail Forex
Dear Sir / Madam,
My name is Richard Degenaar and I am trading with FXCM LLC for almost 4 years. Together with a network of
people and companies we are working on the implementation of worldwide interactive and innovative education. I
am personally funding a part of this project by investing on the Forex markets. More info on
www.gofou ndation.info.
As rules change without having a say in the matter already last year I moved one account to the UK. With this
new proposed rule I am now considering to move my last micro account from FXCM LLC to UK. This will not be
good for business in the USA.
Worldwide awareness is rising that enforced rules which are not wanted by people puts people into the role of
either victim or rebel. I am working in the field of innovative education and it has been proven that what we call
"External Authority" is one of the biggest sources of our children not growing up to become responsible. As
people / goverments or other authorithy bodies enforces rules people will not learn to think for themselves and
develop themselves. They will not learn from making mistakes. They will not learn to develop an "inside authority".
The level of initiative of people from schools or countries with lot of extrenal authority becomes less or
counterproductive for society.
In Forex, Yes, definately I have made mistakes and lost money due to high leverage. However, this started a
difficult and painful process where I can learn to be responsable with money. I learn about money management,
risk management, emotional management. This all makes me a more effective person in society. If the
government by interfering takes away that lesson than growth in society will be slower. As your intention must be
for a country with high workability and people who are fulfilled and responsable in their daily life I recommend to
NOT implement this new rule.
We must all learn to let people go through their painful processes as this is where we learn in life and this is
where we evolve into better human beings. We can say our truth, but we should not enforce our truth.
Sincerely,
Richard
Contact details: Richard Degenaar
E-mail:
[email protected]
Info:
www.gofou ndation.info
