Cheap Laptop at SingPost for your trading needs!

Hey Everyone,

I saw this on sale at Singpost. Supposed to be available at all Post Offices (c.a.a. 22 Dec 2008).

Its going for Asus EEPC 702 Notebook at $489 with a Free HP Printer.

Key Great things to me:

1 Kg only!!!
3 Hours battery life.
Small, can fit into any bag.


Will be perfect with a cheap mobile broadband plan.

Great for taking those intra-day forex trades. (Not of heavy computer work though)

Note: I've never actually used it, so I can't vouch for the set. But Price wise and function, this is really all you need. yes ,the 8gb and the linux is okay.


cheers,



winston

P.s. See image for specs.



http://www.forexdrivingschool.com/forum/attachment.php?attachmentid=154&d=1229945289

Saxo-19Nov08-RBA Intervention

>>AUD/USD

"Looking at the action in AUDUSD, we wonder if the market is being artificially held up by the fear of RBA intervention. These fears may be overrated, as the RBA is no BoJ in terms of its potential firepower, and as we have stated in the past, the RBA is likely more interested in defending the AUD when the action gets too volatile on any given day rather than picking specific levels (as if stealing a page from our notes, the RBA even explicitly state overnight that "FX intervention not designed to defend any particular level in AUDUSD", so there is nothing significant at all about the 0.6350 level were the bank was rumored to have intervened recently. Any further bout of risk aversion is likely to see AUDUSD testing toward 0.6000 again. Still, traders may want to be quick to take profits intraday as volatility increases."
-saxobank - 19 nov 08

Key points to note: (Click Here to read more....)

Viral Flu, Life & a Double Mc Cheese Burger ....

"recovering from my viral flu. its mostly over.. hurray!"

"My mum gets a Double Cheese burger!!!! ... (despite the zhi cha!!)"

"As I walked out of the chilly McDees.. glancing into the frosted glass...."

"Over 5 minutes, I just made more money than 8/10 of the people in that McDees make in a day"

Read more ....

Cheers,

Winston

Investments Out of Reach?

How to get the most out of your Crash Course Forex Trading Workshop?

How to get the most out of your Crash Course Forex Trading Workshop? 

Submitted Article

Introduction – The Science of Learning 

There really are only two kinds of trading workshops, one that wants to teach you trading and the other that just wants to skim you of your money. With enough due diligence, most of us would be able to find good forex trading schools out there that actually teach because they believe in helping you through your learning experience. However, even for the best schools these days, the market for Forex Education has become very competitive, and the way most companies stay ahead is by compacting their education process. It results in lower overheads for the main trainer and these savings are passed on to the client.  

Unfortunately, it then becomes like one of those seminars that you attend the whole weekend and come out all dazed. Somewhere in there, you knew that there was lots of content, but yet you feel dazed because you are stuck at where to start.  

This is because most workshop attendees have the false belief that the learning begins and ends over the workshop weekend. There is an expectation that they are equipped to go trade on their own after two days of theory lessons.  

The reality starts to set in when they encounter hiccups in their first few trades, they suddenly realise that they are so many things they do not know. Yet, it seems too troublesome to re-read the whole manual.  

Consequently, most retail traders then give up on the whole process after being demoralized by the sense of overwhelm.  

Identify the Areas that will really make a difference to you  

Hence, to avoid coming out star-gazed at your next Forex Trading Workshop, you should set up a plan for yourself to revise and study your notes in a structured manner beyond the weekend. This is the best way for you to systematically reinforce and implement the learning lessons into your life. Furthermore, the split-up sessions would give you time to master each level before you move on to the next level!  

Create your own Homework Schedule  

You can start planning your “tutorial” schedule during the weekend workshop itself! Firstly, separate the material content into 8 main areas. You can usually just take what is listed on the content and separate it into 8 parts. Most course providers would have created the contents with some basic flow.  

Next, be aware to highlight segments that you feel you really need to read up further or mull on it further. It is essential that this whole process is done during the workshop proper itself, because you will forget the essential parts once the workshop is over! Research has found that we only retain approximately 7% of anything we hear. In trading terms, that would mean a really large sum of money to lose!  

Now that you have marked out all the key areas, and categorised the content into 8 major segments, you need to wait for break time to pull out your organizer. You will want to give yourself at least an hour a week to read through the segments and another hour to work on the homework for that segment. Alternatively, with the advent of the internet and wikipedia, you can even research more on each topic.  

The essence is that good traders build on a solid foundation and it is the depth of the journey that matters rather than the speed at which you get there! History is littered with glorious hyper-speed trading success stories who crashed as fast as they rocketed to fame.  

Focus on Practice. Its like exercise, we don’t feel like doing it. But the most growth will come at the last push-up  

You will want to ensure that there is a lot of practice in all the skills that have a direct impact on your trading, even if your instructor did not spend time doing it! Nothing is so simple in trading that you do not need to practice it.  

For example, many instructors will skim over Support Resistance lines and instead focus on secret strategies that they are excited to teach you. Nonetheless, you would be amazed how much you would learn by doing years of historical work on support resistance since all indicators would inevitably be affected by support resistance lines. You can test your own confidence level by doing support resistance lines for other instruments like stock indices, and commodity charts, thus building a robust confidence in your ability to swiftly and effectively pick out patterns!  

Troublesome, but small when you think long term  

At this point you might begin to ask yourself why would you even want to go for a course if there is so much work to do by yourself? Well, our optimum learning process does not change regardless of where we live or how we live. When we want to learn anything new, we need to space it out with repetitions until we get the entire process in our daily habit system.  

Research has found that once you do anything for 3 months, it becomes a habit rather than an experience. Our whole life is essentially made up of the habits that we live every single day. Successful traders like successful people have very empowering and profitable habits on a daily basis, to continually activate and refine their trading prowess.  

Winston Ng 

Chief Driving Instructor 

Forex Driving School  

==== 

If you find this whole process challenging, do come for our uniquely structured 8 week forex mastery course where our trainers would teach and more importantly mentor your trades over 2 whole months. Most people don’t know what they don’t know, thus they learn most when someone with experience can guide and empower them through the learning process! www.ForexDrivingSchool.com

Are F1 Racers Aggressive Traders?

Are F1 racers aggressive traders?
Mini-Article by Winston Ng

It was amusing that these few weeks, everyone is asking me if I am an aggressive trader. Apparently, I was told that I am not aggressive enough as a trader.

Of course, every single time, someone asks that... I would then ask them.. "Are you asking for fun?.. or you actually want to know?"

70% of the time.. they would just laugh it off and change subject...

which is pretty nice.. saves my breath.

but now, i've found a better way for the 30% who say yes they want to know!!!

I'll answer it here!

so... Am I an Aggressive Trader?

NO.

... Because I don't know what's an aggressive trader...

Some possible explanations?:
[Poss. Defn.] Aggressive Trader
(i) Turns Aggressive when losing
(ii) Consistent loss write-off via vehicle called "Aggressive"
(iii) Turns Aggressive when winning

can't think of anything else... anyone knows.. feel free to chip in.. :D

But i do know... what's a Profitable Trader!

Someone who is consistently profitable in the short and long run!

I also know that in Intra-day and in Core trading, it requires different skill and different psychology. They are slightly related, but totally different.

Would you say that the ah beng driver on the road is actually an F1 driver in disguise?

... Likewise, there was an F1 driver who was jailed for speeding last year?? (haha.. what's his name.. i can't remember)

Whichever trading environment you choose, you have to fit yourself to it. No one is aggressive or not, merely profitable or not.

Likewise, if you want long-term profits... It is your trading plan and money management that will make the difference.

You can have the most secret strategy in the world, but no trading plan.. and you'll still be a lousy trader 1 year down the road.

Enjoy your F1 and appreciate the amount of skill and devotion they put into practising their art.


Trading is an art too. Practice and get good at it.

====

Want more articles? Get them directly from Forex Driving School - The FFR Forum for Grads & Newbies! - www.ForexDrivingSchool.com

Want to sign up for 8 Week Forex Tutorials? www. ForexForRetirement.com

====

Hey,

2 Things today!

First, its still a rare season with the $700 BILLION TARA (Troubled Asset Relief Act) bailout. We wonder where the U.S. is going to get money they don't have and how much are they going to pay for these "Troubled Assets" because the key issue here is if they pay "current" market rate for troubled assets like defaulting debt, then the market will not be kick-started. If they pay too much, then the people with defaulting debt notes will actually profit. So, the magic sweet spot is in the price they pay for the defaulting debt.

Hence, no Core Trading. Stay out. Stay safe. Enjoy Yourself.

Second, we are starting a Graduates Forum together with a Newbie Forex Education portal.

I find that there is so much nonsense online, getting people to try out Forex at such high leverage levels and burning their pockets.

I wanted a space where our graduates can learn from each other, as well as contribute in the "Newbie" forex space as a gift to the community.

When we teach, we get better at what we do. As you know, i truly believe that we do not live alone as selfish people, but instead a community that helps in growing the world to a better place.

So, the forum is here: http://www.forexdrivingschool.com/ ... Can guess why thats the name?

We are building it up with the internal computer work.

I am also looking for volunteers!!!!!! Add comment / email me/ register than PM me, if you want to support as a moderator or administrator or topic specialist (even if you are not an FFR grad, point me to your other posts in other forums. Has to be responsible in helping forummers grow.)

So, sign up now online as we build.




cheers,


winston

=====

[ADV] - Are You getting inconsistent trading results?
Get Clarity from the only structured 8 week Forex Education Programme in Singapore.
Call us at 61002264 to find out why 8 Weeks of structure helps you learn at a totally new level of clarity and confidence to trade safely and profitably.
Or visit us at http://www.forexforretirement.com/ to read more.
====

What's Up with this Financial "Storm"?

Why do I ask you to stay out of this market?

This is a snap shot of the day candles on Monday 21st Sept 2008. I actually cancelled my set-ups as you can see from the 3 pinkish squares.

I sent out a mail to my grads to cancel, and I cancelled an hour after that.

Printscreen belongs to Oanda.com

I always like to take out from Warren Buffet with his famous line. It goes something like this.

"To make money in the stock markets, first learn to manage your emotions."(paraphrased)

So, how do we manage our emotions?

Firstly, get clear.

Secondly, free yourself.... no FLEE... from the mindset of scarcity.

Why do people take bad trades over and over again?

Because they are scared that they will lose out the profit. 

Inherently, it also says that there is an inherent believe, there may not be profit next week or next month.

Is that true?... does the market really stop?

What does it mean to get clear?

See through the fog of confusion, and take high probability trade setp-ups.

How?

1) Avoid volatility.

2) Avoid high leverage.

3) Always respect the markets. Take what it gives you, not what you want.

Why did I cancel my set-ups on 21st Sept 08?

In our Core Trading (wealth building) style of trading, we AVOID volatility to keep to low returns on negative years, and high returns on trending years (compare that to the S&P500 index, which has negative years.)

Hence, even if the set-ups were triggered in, I would be in a state of distress because a typical core position lasts 2 weeks to 4 weeks. In this volatile market, the 2 week - 4 week time frame is full of inherent speculation and uncertainty.

So, stay out.

Yes, I may have made money on this, or may have lost. It doesn't matter. But I know that if I took the trade, it clearly means I have no discipline and focus, to wait for high probability set-ups.

Long Term Consistency is the reflection of skill. Short term profit is called luck.

Cheers,

Winston

=====
[ADV] - Are You getting inconsistent trading results? 

Get Clarity from the only structured 8 week Forex Education Programme in Singapore.

Call us at 61002264 to find out why 8 Weeks of structure helps you learn at a totally new level of clarity and confidence to trade safely and profitably.

Or visit us at http://www.ForexForRetirement.com to read more. 

====

Saxo - 9 Sept 08 Tuesday

>> USD

"During the rallying phase of the EURUSD's history, the big round numbers served as important resting points along the way, yet we wonder if this is the case on the way down, as numbers previously traversed would seem to have less significance. Still, we watch 1.4000 with interest now, as it was a barrier on the way higher, even if many are talking up the 1.3700 area for good reason, as this area was twice very important resistance over the last few years - first towards the end of 2004 and then in the spring of 2007 before it gave way. Ahead of this level we have 80.00 in the USD Index, which more closely coincides with the 1.4000 level in EURUSD and is also a significant technical area stretching back years."


Summary: Highly Speculative Strength on the USD, Time Frame: Next 3 Months at least, Remark: I don't like putting up such a long "clip" as this is supposed to be a distilled version! However, with the undecided-ness in the market. This is about the best I can get. Everyone seems to be very sure that the USD is going UP UP UP. Yet, we are always reminded that when everything is 100% sure, it gets 100% wrong. So, I consider this a volatile season, wait out or be more conservative, unless you are skilled enough to swim these choppy seas.

>> No idea what we are talking about? Or overwhelmed by news? Sign up for our Forex class for consistency and constant results.

Copyright Saxo Bank Commentaries - Do Sign up at their link, via http://www.forexforretirement.com/client/

Summary from ihtLabs


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[ADV] - Are You getting inconsistent trading results? Join the No. 1 Forex Foundation School in Singapore - We have the most value for money, across 8 weeks of tutorials and structured curriculum with homework, guidance and only one goal - to make you a confident, consistent part-time Forex Trader. Call us at 61002264 to speak to our Education Consultants to assess your suitability or visit us at http://www.financeyourpassion.com/fx/ to read more. We are moving to our new premises at http://www.forexforretirement.com/! Watch the construction as it happens, and remember to bookmark this new link, because everything is going to shift over in a while!
====

Our New Up/ Down Arrows for Quick Reading!

I've got some Up/ Down Arrows, so you all can see things in a quick glance!

Remember always, that news should not dictate your trade. It only re-confirms a trade.


cheers!

Take a look at our new arrows!

TravelEx - 1 Sept 08 Monday

>>> Aussie


"Markets are pricing in a 25 basis point cut at the Reserve Bank of Australia's (RBA) board meeting, the first cut in seven years."


Summary: Watered down effect, Time Frame: Next statement, Remark: Remember the rules of news? The effect of the news is directly related to its certainty of expectation.

>> No idea what we are talking about? Or overwhelmed by news? Sign up for our Forex class for consistency and constant results.

Copyright Travelex Currency Commentaries - Do Sign up at their link, via http://www.forexforretirement.com/client/

Summary from ihtLabs


=====
[ADV] - Are You getting inconsistent trading results? Join the No. 1 Forex Foundation School in Singapore - We have the most value for money, across 8 weeks of tutorials and structured curriculum with homework, guidance and only one goal - to make you a confident, consistent part-time Forex Trader. Call us at 61002264 to speak to our Education Consultants to assess your suitability or visit us at http://www.financeyourpassion.com/fx/ to read more.

We are moving to our new premises at http://www.forexforretirement.com/! Watch the construction as it happens, and remember to bookmark this new link, because everything is going to shift over in a while!
====

TravelEx - 27 Aug 2008 Wednesday

Woohoo... Grads Read Below! (rem what I said few weeks ago about Tharman's speech.. hint hint

Sing Dollar >>

"The Singapore dollar extended early losses and dipped 0.6 percent against the U.S. dollar as market players speculated the central bank may shift its monetary policy away from battling inflation towards one more supportive of growth."

Summary: Volatile, Time Frame: Many Months, Remark: USD/SGD has always been a volatile pair due to tight stops, especially now in a cross-currents market. There are higher probability pairs out there.

Copyright Travelex Currency Commentaries - Do Sign up at their link, via http://www.financeyourpassion.com/client/

Summary from ihtLabs

Economy Update

Grads - Remember we talked about the "speech" for the Singapore economy in the past few sessions? It looks like it is gaining momentum. Are you ready? Adjust your Wealth Portfolio accordingly, or join Finance Your Passion - http://www.financeyourpassion.com/ to get your portfolio ready for the economic change.

=====

[ADV] - Are You getting inconsistent trading results? Join the No. 1 Forex Foundation School in Singapore - We have the most value for money, across 8 weeks of tutorials and structured curriculum with homework, guidance and only one goal - to make you a confident, consistent part-time Forex Trader. Call us at 61002264 to speak to our Education Consultants to assess your suitability or visit us at http://www.financeyourpassion.com/fx/ to read more.

====

TravelEx - 25 August 2008 Monday

>> Dollar

"The greenback briefly trimmed gains against the euro in a knee-jerk reaction to Federal Reserve Chairman Ben Bernanke's comments that a stable dollar and falling commodities should help slow inflation this year and next. Bernanke's remarks at an annual Fed symposium in Jackson Hole, Wyoming, prompted analysts to reduce expectations of a U.S. interest rate increase this year, which could diminish the dollar's appeal to investors. However analysts said even without an interest rate hike this year, the dollar would probably continue to recover. "

Summary: Up/Probably Short-Term Volatile, Time Frame: Many Months, Remark: Quiet Turn arounds is always the most profitable, and also the most easy to misjudge. Ensure your Risk Management is in place, and get out if its a mistake.

Copyright Travelex Currency Commentaries - Do Sign up at their link, via http://www.financeyourpassion.com/client/

Summary from ihtLabs

=====
[ADV] - Are You getting inconsistent trading results?

Join the No. 1 Forex Foundation School in Singapore - We have the most value for money, across 8 weeks of tutorials and structured curriculum with homework, guidance and only one goal - to make you a confident, consistent part-time Forex Trader.

Call us at 61002264 to speak to our Education Consultants to assess your suitability or visit us at http://www.financeyourpassion.com/fx/ to read more.

====

TravelEx - 19 Aug 2008

>> AUSSIE

"All eyes are on the minutes of the Reserve Bank of 's (RBA) August board meeting due to be released later today. At the meeting, the bank kept rates unchanged at a 12-year high of 7.25 percent, but signalled it saw scope for lower rates ahead. "

Summary: Down, Time Frame: Few Weeks, Remark: General Unknown, don't overload positions

>> SING

"Likewise, the Singapore dollar inched up by 0.3 percent against the greenback, but traders expected the U.S. dollar uptrend to continue and cause weakness in some regional currencies. The Singapore dollar usually moves in tandem with the euro against the U.S. dollar because of the euro's high weight in its trade-weighted basket, analysts say. "

Summary: Up/Flat, Time Frame: Few Weeks, Remark: Illiquid Pair, Low R:R, Are you trading emotionally?

Copyright Travelex Currency Commentaries - Do Sign up at their link, via http://www.financeyourpassion.com/client/

Summary from ihtLabs

*WARNING* News & Commentaries are TERRIBLE as a strategic trading event!

*WARNING* News & Commentaries are TERRIBLE as a strategic trading event!

There are 2 key ways to trade in any market.

Speculative vs Strategic

Every trading system in the world falls somewhere within this spectrum.

There are key differences between these 2 types of trading.

Some examples include:
(i) Ease of skill level required.
(ii) Consistency of Returns
(iii) Relationship to Volatility
(iv) Lifestyle Patterns

For each category, the trading systems will react differently. E.g. Volatility can be very good and very bad, depending on the system you use.

If you are currently, learning and studying very hard, and yet not getting consistent, clear results, you are probably mixing up different elements from each area.

This is painful and expensive.

I won't go any further on this, if you want to know more, call up our Education Consultants at 61002264 or email us via http://www.financeyourpassion.com/fx/

Whatever trading system you are using now, cross-reference with the elements above and be aware of your blind-spots, because all systems *will* have blind spots! If you think yours is perfect, then your blind spot is very blind.

oh yeah!

I digress.

News & Commentaries inherently carry the expectation of going against you. For Grads, remember to use this info in the blended analysis, and not as a pivot factor.


Cheers,


Winston

News, Commentaries & Other stuff *I* think is important!

This site is mainly for graduates of our Forex For Retirement 8 Week Tutorial Course, nonetheless, I left it open to everyone to check up on it!

Will update it, as and when I see interesting news or commentaries.

For Grads - Email us through your primary email address, and you get direct access to us!

For Friends of Grads - Feel free to browse our site at http://www.financeyourpassion.com/fx/

We focus on a Complete Foundation in Forex Trading, to ensure your skill lasts a lifetime!

No gimmicks, no secrets, just complete certainty and consistency.



Cheers,


Winston