It seems Singapore has become synonym to Fx trading, recently it beg award of highest transaction in Fx market surpassing Tokyo.
Everyday "Today's" is full of wealth seminars happening every now and then.
My own experience after lot of research via training, seminars, books, interview with experts is excellent.
I mean here is a financial vehicle which can make some serious money.
Its no speculation and you can capture the trend with precise accuracy (can we use these two words together precise and accuracy :o ).
There is very simple reason why only few makes the mullah :
1. Leverage - Its twin edge swords, experience traders don't expose beyond 1:2 leverage and novice wants 1:400 that's insane.
2. Revenge Attitude - There will be wins and losses, idea is to reduce your losses that's it, lock stock and 2 barrel.
3. Trend - Trend is your biggest friend, don't go against, you'll loose some serious money.
4. Stop Loss - This is your biggest bet, you forget Profit Point but don't forget stop Loss to avoid bitter margin call.
Some experts claim Fx is a zero sum game (I have no idea what that means, but it looks like cool stuff.. just kidding) its not, both traders can win/loose in opposite bets. Oh by the way Zero sum game is when one party win other has to loose. In stock or Forex wealth can increase, it might be just perceived value.
That remind me of Gecko from Wall Street played by Mk Douglas, where in he defined perceived value of a painting..wow its a great concept in itself.
To Your Success.
Cheers !!
Ravinder
Everyday "Today's" is full of wealth seminars happening every now and then.
My own experience after lot of research via training, seminars, books, interview with experts is excellent.
I mean here is a financial vehicle which can make some serious money.
Its no speculation and you can capture the trend with precise accuracy (can we use these two words together precise and accuracy :o ).
There is very simple reason why only few makes the mullah :
1. Leverage - Its twin edge swords, experience traders don't expose beyond 1:2 leverage and novice wants 1:400 that's insane.
2. Revenge Attitude - There will be wins and losses, idea is to reduce your losses that's it, lock stock and 2 barrel.
3. Trend - Trend is your biggest friend, don't go against, you'll loose some serious money.
4. Stop Loss - This is your biggest bet, you forget Profit Point but don't forget stop Loss to avoid bitter margin call.
Some experts claim Fx is a zero sum game (I have no idea what that means, but it looks like cool stuff.. just kidding) its not, both traders can win/loose in opposite bets. Oh by the way Zero sum game is when one party win other has to loose. In stock or Forex wealth can increase, it might be just perceived value.
That remind me of Gecko from Wall Street played by Mk Douglas, where in he defined perceived value of a painting..wow its a great concept in itself.
To Your Success.
Cheers !!
Ravinder
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