Tuesday, March 31, 2009

Micro Forex Trading

Just went for a "FREE" seminar on Forex trading at a known finanical academy.

Is a freaking 5 hrs talk and talk.

First few hours, tell us what they will be offering. Seems interesting but nothing new.

The part we've been waiting is the live trading demonstrate by the CEO himself. He is willing to share his expensive and some basic fundamentals.

Here's wat he says :

  1. If you got 5k USD, please go invest in Futures
  2. If you just started working and not much capital, bo bian then play forex spot rate.
  3. Knowledge is power, the more you know, the more you can control and minimise your losses.
  4. Is not about winning or losing but about how much you can keep at the end of the period.
  5. Chart analysis is so important that all the news we read are all out dated.

The 7 days course offered is expensive but should be good enough to make us a good trader.

In the end, did not take up the course but took his name card, just in case, for future reference.

For the above, I SKIP MY DINNER but got 2 free cds on technical analysis and risk management

Meantime, CHARTS! CHARTS! CHARTS!

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