Forex Preview Seminar

And, in a bid to write everything I experience and reflected since last friday, here's my second post for the day.

Basically I went to Apollo Centre and attended a forex preview seminar offered by FX:1, a forex-trading company. And they have an investment arm, as well, which is something new on the market. Claim to be MAS-regulated, but no way I can verify that. Nor did I bother. Well, it's honestly not a bad investment, with an approximate 4% returns MONTHLY. Again, I didn't ask it is compounded monthly or annually. But taking the bare minimum...it should be close to 50% interest a year. A very good investment as compared the standard options of Fixed Deposit, Bonds and what not.

But not to me. Maybe, just maybe, it would be a good option later. When I've excess cash, still wouldn't want that money doing lousy work at 3-5% a year. So I'll consider this, or similar, options by then. But for now, I'm willing to take the risk to earn some 20 to 50% a month, partially compounded. Those are supposed to get me more than 500 a month in passive income during my uni days. Possibly surpassing my income from tuition. But those are, at least in theory, supposed to stay in the investment account to make sure the growth of the fund is exponential.

The people were great though. I'm very certain they are all very successful people in whatever fields they are involved in. Especially this guy called Mario, now this guy can really sell by getting to the crux of the matter. Just too bad 3k is still pretty much to me and I've a cheapewr alternative which might not be any lousier.

Moreover, like I told those at the seminar, I think the problem is not so much the system but self discipline. After all, what good is the best instructional manual in the universe if you can't follow the guidelines right?

So that's my journey now. To explore and develop persistence and discipline and emotionless trading.