Originally posted by xiao_jay1943
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Strongly suggest u don't waste time n money on these course, including those bull ****ters who demo "live trading". Traders make money via spot n derivatives. Pure spot trading can never make u money. Go buy shares if u wanna speculate, much easier to make money in stk or futures than fx.
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Hi,
theres another free class on the 15th and 16th of feb. next wed and thurs. Do contact me if interested.
Cheers!
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Hi bros! There is a free forex class on Tues(7/2) and Wed(8/2) at SMU from 7-10pm. It will be teaching the basics of forex. Do contact me at 96325421 if you are interested! Cheers!
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hi bros and sis,
there will be a FREE forex preview this week held in SMU in the evening on weekdays. Interested parties can contact me. I assure u its FREE!
cheers!
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So far I haven spent much on learning this skill and on investment as well... Below 5k in total... Ppl are very skeptical about such investment because thy feel that u need a huge amount of money in order to make money... FX trading is not that risky because u can never lose more than what u have in the account... Maybe it's pointless for me to say so much because people will not believe till they do it themselves. Lastly, I ain't forcing ppl to join the course. It's only when there are free previews showing what's all forex and all the course it's about which I will then state. I dun remember trying to push this every single day or every other days. Cheers
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discipline in FX trading is not about controlling greed.Originally posted by xiao_jay1943 View PostMy coach always tells me to be firstly, disciplined and secondly, patience. A winner always stops when he has won enough. That's why u must first control the greed. Discipline is very very important...
i would also be very careful about robert kiyosaki - that guy would write, do and say anythin to make a quick buck. i would steer clear of anyone who espouses kiyosaki and his crew when it comes to "earning money."
as far as i'm concerned, if you're trading with money that you cannot afford to throw away, please don't do it.
IMO trading with SG$50k is not enough. so we're talking about $75k-$100k of money that you must be able to "donate" to learning how to trade in FX before you can make enough money for your time and stress.
there're plenty of demo acconts online (OANDA, etc) - if you think you're up to the mark then it would be easy to trade and make money consistently over 6 months. piece of cake - right?
once you're trading with your own money, your psyche changes. and trust me - humans were designed to be mentally weak. good luck!
FX is not for most people. if you don't have enough money, even if you have the skills, you cannot make enough money to make it worth while.
as for the TS who is asking people to join his course... i think one offer is enough. twice is pushing it. thrice is just not nice.
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My coach always tells me to be firstly, disciplined and secondly, patience. A winner always stops when he has won enough. That's why u must first control the greed. Discipline is very very important...
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Certainly its not about experience, experience do play a part but the ultimate winner is one who follows the rule of the game. To play the game you must understand the rules of the game. Even if one is ahead, how much ahead before one leaves the transaction? If one enter, what lot size is favourable? These are basic rules of the game.
Trading is not gambling, its an art of earning, that when you master, it will be useful for a lifetime.
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haha...Originally posted by Throttlei personally know a handful of fellas who thought like you becos they experienced what you experienced in the very short term.
in the end they lost more than what they make and more.
i am not a guru but certainly no greenhorn when it comes to financial matters (FX inclusive) that i can say.
not to put a dampener on your newfound interest but beware and enjoy it while it lasts.
it's like a casino becos you'll never quit when you are ahead .
cheers
its like u bet on big or small. when u are winning, u don't close the position. when u are losing, u double up. in the end slowly but surely dry up
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No, dont get me wrong. One should always stick to trading the instrument they are comfortable with.Originally posted by xiao_jay1943 View PostI started trading small and I started in forex... So I am sticking to it... Like people always say... Zhuo sheng bu ru zhuo shou... Therefore still prefer forex... Btw we have a course at $299 for beginners... Interested parties please contact me... Cheers!
I do trade forex too, just that i prefer to trade commodities on MT4. Anyway technical analysis is pretty much the same, for me at least.
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+1, commodities is the way to go. That said, my opinion is commodities isn't for the casual trader, retail investor types. There's still a way for small time players to get some exposure to commodities though, say through Gold ETFs, commodities funds etc.Originally posted by ngck12 View PostOne important thing about forex is choosing of instrument. Risk? where does risk comes from? it comes from not knowing what you are doing! If you know what you are doing, if you know your own character, your trading habits, your realistic profits and losses, your risk appetite etc. I have guided many people how to trade. However one advice, why trade forex when you are better off with commodities like gold and silver? Forex perhaps at most 200 pips a day, commodities - 3000 pips a day movement.
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I started trading small and I started in forex... So I am sticking to it... Like people always say... Zhuo sheng bu ru zhuo shou... Therefore still prefer forex... Btw we have a course at $299 for beginners... Interested parties please contact me... Cheers!
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One important thing about forex is choosing of instrument. Risk? where does risk comes from? it comes from not knowing what you are doing! If you know what you are doing, if you know your own character, your trading habits, your realistic profits and losses, your risk appetite etc. I have guided many people how to trade. However one advice, why trade forex when you are better off with commodities like gold and silver? Forex perhaps at most 200 pips a day, commodities - 3000 pips a day movement.
Leave a comment:
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Bros and sis interested in sitting in for a free forex preview please contact me at 96325421. The preview will be held at SMU and there will be one preview on Wednesday, Thursday and Friday evening.
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Great one there! I started trade with losses too. I mean bad losses. Overtime I learn and master the technique of managing your trade by risk management with input of indicators and funtimental technique. I'am moving towards recovering my losses and heading for profiting! I do agree with Xiao jay that discipline is very important in fx trading.
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