Is forex trading for me ?

What you should know about Forex ?

Before you make any commitment to begin trading, I believe you musthonestly ask yourself, "Is forex trading for me?" Many programs willtell you anyone can make money trading the currency markets. But thereality is, for most, failure is inevitable. Why do so many people fail at trading? The short answer is - no training. 90% of trading is psychological; the other 10% is technical knowledge. So your successis based on how you approach becoming a trader. Here are the three primary reasons why those who pursue trading fail:

Lack of commitment.
Lack of knowledge.
Their egos get in the way.

Traders who don't address these issues will not survive. Statistics show this to be true.

Commitment:
Commitment is critical. Most become frustrated because they do not realize instant success. In fact this holds true in any new pursuit. The average person quits early in the game solely because of lack of commitment and unrealistic expectation of immediate success.

Knowledge:
Lack of knowledge, which is a major cause of failure, is a result ofan individual's attitude. How anyone thinks they can trade the currency market without professional training amazes me. Yet it happens all the time. People who accept that golf lessons arenecessary before they head out onto the course will start trading withlittle or no knowledge. Because you are reading this I assume you donot share that view. This is a major step in the right direction. Most traders fail to appreciate the level of skill needed to trade successfully. They have no foundation in how to understand priceactivity. They do not have a set of rules or guidelines. It is amazinghow many individuals develop a trading strategy by gleaning freeinformation off the internet. In actuality, all these individuals aredoing is gambling. Another common mistake is gathering too much information. It is statistically proven that if you narrow your focus,you have a higher probability of success. It is critical at this juncture not to confuse information with knowledge.

Ego:
Ego is one of the greatest enemies to a trader's success. Your egoneeds to win all the time and wants to win now. It can't stand being wrong. And so it rationalizes events and denies reality. You must beable to perceive the market as it is, not how you want to believe itis. But it is difficult to clearly see price action if your ego is inthe way. Ego makes us take small profits but large losses. It argues that even a small profit is a win. But a loss hurts and instead ofaccepting a small loss we try and get it back. Ego is why we hold on to bad trades that end up being even bigger losing trades. Without action, knowledge is useless. Massive action is the key to realsuccess. Many begin with great enthusiasm but become easilydisillusioned.

When you attend our Price Pattern workshop, you will be learning 3 effective strategies that give you 70% winning probability. Now askyourself this question again, if I will to put in 100 trades and my winning probability is 70%, isn't forex trading a sure thing !

The answer is "Yes" if you follow stricky my rules and money management.
To find out more, please go to http://www.pricepatternfx.com/. Next workshop schedule on 22 and 23 March in KL (Malaysia)

For those who enroll early well before workshop, you will enjoy the early bonus:
1. Join my weekly online live trading till workshop start for free
2. Receive daily trade alerts via your mobile
3. Join my Inner Circle where you will be able to interact with other experienced traders.

http://www.pricepatternfx.com/

Recession Proof Business ;)

The whole world is talking about recession in 2009. Almost everyone is worry about their job security. If you do not have a backup plan,believe me, you need to worry. Now is just starting of March, already we see many company draw up plan to layoffworkers, come second half 2009, you will see major lay off by company. People at their 30s, will have very difficult time getting a new job. If you are in the 40s, you have no chance, your age will be a problem. The only alternative you can do is becoming a taxi or bus driver. Whether you like it or not, this is the reality !

Are you prepared for this recession ? The recovery is expected to belong and slow, estimate 5 years ! Do you have a backup plan ? Are youready ?

If I tell you, there is a recession proof business that will allow youto make an average of 10% return on your investment a month. Are you interested ?

Forex trading is one of the few business that that will allow you to consistently profit on a month to month basis. I will show you can you can make an average of 10% a month on your investment.

How to succeed in FOREX trading.

FOREX trading is fast becoming a career alternative for manyindividuals. As it should-flexible hours, work from home and thepotential to earn a six-figure plus income. The reality, trading is like any other business. Did you know that 90%of all new businesses fail? Typically based on just a few reasons.Under capitalization, lack of a sound business plan, or inexperiencedmanagement.
Any one of these can cause a business to fail. However individualsstill pursue business ownership. The same holds true for trading. A trader may fail because of the same reasons. Under capitalization, noclear trading plan, poor management skills-lack of discipline. What isthe right way to succeed ?

Find the correct trading methodology. In other words work off asuccessful business plan. The reason new business owners are willingto pay additional dollars for a franchise is because the franchiseoffers a tried and true business plan. Unlike the novice business owner with little or no experience whotries by trial and error. Statistically he is going to fail. So holdstrue for the novice trader who tries to develop a trading methodologywith zero knowledge and experience. Didyou know most people believe they will become successful traders by using "free" information they obtain off the internet?

In our workshop, you will learn the real money making via priceaction. The key to the success of our students - they receiveunlimited access to my after workshop support. The truth is anyone canlearn to trade with unlimited training. With easy access to the necessary support, FOREX trading offers arewarding, lucrative income alternative for any individual. Incomparison to brick and mortar business ownership the start up costare minimal. The key to success--correct training, planning and preparation.

Ask yourself this question , "Do I have a backup plan ?"

If you are interested to join me on the next Price PatternWorkshop in Malaysia (KL) 22 & 23 March, please drop myself an email, or visit http://www.pricepatternfx.com/ or contact Ken +6017 368 1138

I didn't know what I dont know :)

Two months passed by and I guess I broke the rule of keep writing :D Now I am motivated again, so I am back ;)

What have I done in the past 60 days? For those of you who have not bump into me yet, I have changed dramatically over the past 2 months :)

Let's start physical! I lost 8 Kgs and 4" off my waist. Feeling great and didn't know how I can live with the extras before. hahaha... Now I go to gym at least 3 times a week and my next mile stone is to get six packs in about 10 weeks time :D I think it would be such a life changing experience when I see it hahaha.... as I have never had six pack before.

I have also became a seminar junkie and if you are a sceptic, trust me they WORK :) I have learned FOREX, Money Management, Emotional Freedom and MORE. I think if you learn from the best, you will be the BEST faster then just reading it. The ENERGY is really very different. And if you think I am nuts, my reply is "I am the one living the life I wanted now so who's the NUT now?" I have never imagine or know a way that I can make a lot of money quickly. Now I do :D better still, I also know how to manage it :D I am grateful to all my teachers/mentors and was glad that I have the opportunities to learn from their experiences.

My realisations:

1. Our mind and the universe is so powerful, it REALLY can bring ANYTHING into our life.
2. RESPECT others as they are always doing their BEST at that MOMENT in TIME.
3. ENERGY is everything, so feeling GOOD is key to living well :)
4. FEAR is an illusion and we have to look beyond FEAR and removal of it is enlightening but you have to learn some skills after that. For example, if you can imagine I used to drive 120 KM/h now I drive 160 KM/h, not sure if that is safe so I am learning :D
5. CONFIDENCE to trust my feelings/emotions are true to the moment and feeling the freedom as I don't carry my emotions around. Now, I understood what emotional burden is and I realised that by clearing this burden, it helps me to stay focus and learn better.
6. Thoughts lead to Feelings lead to Actions lead to RESULTS.
7. MONEY MANAGEMENT is key to financial freedom.
8. How you do ANYTHING is how you do EVERYTHING. (So don't fall asleep on the wheels)

I really believe I have changed. Do let me know what you think when we meet :)

Before I end this post, I also would like to say, "The Secret" and the vision board work, I have attracted all these great teachers and mentors to my life. Thank you :)

To all, "WE have the gift to CREATE"