Pinoy is an informal demonym referring to the Filipino people. A pip is the smallest price increment in forex trading – pip stands for percentage in point. This is my pursuit to become a full time Pinoy forex trader. You can read here stories, experiences, profiles and trading strategies of successful Pinoy forex Traders. This blog will help you get those pips, keep it and repeat it over and over again!
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Thursday, January 31, 2013
Getting Started in Forex
A few years ago I was invited to attend a forex orientation seminar that was conducted by Mark So and right after that seminar I got hooked into forex. I was already investing and trading the Philippine stock market at that time but the limitless possibilities in forex has kept me glued to this market and have set my goals to be a successful forex traders in the near future.
This business has incredible perks from working with your own terms, no boss, work from home or anywhere you desire, earn in hours what will normally took you months and the list continues but mortality rate in this business is 95%, meaning only 5% survive this market after 5 years. You have to learn how this business works and how you can take part of it. It will be a journey of a life time.
To get you started I'm sharing with you the upcoming Forex Orientation seminar of Mark So this coming Feb. 9, 2013, Saturday. From this seminar you will learn valuable information about forex and most importantly if forex is right for you.
Here is the details of the seminar and what exactly you will learn from it.
I. The Difference between Businesses and Investments
The 2 critical ingredients to make money in Businesses and why you can never retire on a business alone
The 2 critical ingredients to make money in Investments and why you should start now
II. How to trade the Forex Market using a “See-Saw” and “2 Cups of Water”
Understand what Major Currencies, Floating Currencies, and Privatized Currencies are all about
Understand why Currency Pairing is the only way to price currencies
Understand how Currencies are also ruled by the Laws of Physics!
Understanding the “Zero-Sum” game and how wealth is never destroyed, only transferred.
III. True Horror and Success Stories of Mark’s Students
What Mark tells them to Not do, but they do anyway
How and Why you should listen and learn from their mistakes
The trading results of the 2% Elite and how they did it
The true measure of success
IV. How to navigate the Trading Platform
Understanding PIPs — the simplified way of measuring profits / losses in the forex market
What is the Risk to Reward Ratio and why it matters
“Short” and “Long” trading explained so you can practice them immediately with your physical money
Stop-Losses and Limit orders and how to use them for ALL your trades
V. Is Forex Trading for you?
Facts that will help you make up your own mind
Know the unparalleled support you can expect from Mark and Forex Club Asia if you decide to pursue forex trading
The offer very few people can refuse.
For more details about this event go to the seminar website at http://www.topforexseminars.com/
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