Choo Koon Lip

Remember today (July 31, 2009), NFA Rule 2-43 becomes effective for all US-based Forex Brokers. Be aware of your broker solutions and be prepared for the consequences.

Take Profit or Stop Loss orders associated with a FIFO matched position will be automatically cancelled.

Some brokers (like ibfx.com) did send out announcements on how their systems will be. So be aware. Traders must adapt their strategies.

I had a group of African (mainly from Nigeria, Kenya and Ghana) early this year coming down to Singapore to learn Forex trading from me. They may be back in Africa now but our friendship is definitely still there.

Earlier this morning (perhaps their night time), one of the graduates emailed me an inspirational speech by an acclaimed Liberian activist Kimmie Weeks spreading the message of hope for ending poverty at Humanity Unites Brilliance (HUB).

I hope we all learn something from the message this man is trying to spread. If each of us do a little bit more, together we (with those who are watching this) can really make a big big difference. And one day, we might just see a difficult possibility become a reality!

Last Friday evening, I was having supper (yes, I know I need to cut down on my weight) with a good friend Mr Kee. He brought this guy which used to be his property agent 1 year plus ago and now ‘claim’ that he’s trading Forex very profitable.

Despite his brief trading experiences (less than 1 year), this guy mentioned that he’s currently managing people accounts and making 30% per month now.

And on that same night, I went to his website (yes, I will never publish his website here and bring him free traffic) and found out that his site used my training photo (my Malaysia batch – January 15/16, 2009). I dropped him an email and request to remove my photo at the soonest convenient time, and yet he still dare to ignore it!!

I just read about this article (attached in this email) on The Straits Times (Singapore) and thought of sharing.

BNP Paribas reported Singaporean estimated net wealth is $942 billion in the year of 2008. Comparing to the average daily turnover of Forex market (US$3.8 trillion), it really gives us a true idea that the Forex market cannot be that
easily manipulated!

Yesteray, I shared the 3rd day with Edgar (the renowned psychologist) on teaching more on the psychological and emotion part of trading.

It seems like everyone were having a great day which ended quite late (around 8.20pm)!

My team seemed to be taking photos every other minutes (or shorter) when I was teaching the techniques and strategies earlier today.

More photos from Day 2:

I just completed Day 1 of my Forex Intensive workshop in Singapore.

Sherwin (my Business Development Manager) twitted here and there. Here’s some twitted photos…

Oh ya, Teabeak hit full profit target just now around 9pm in class!

Earlier this week, I was looking around for properties in KL area, like Times Square and Marc Residences.

On Tuesday, I went to view this property called ‘Suasana Loft’ very near to KL Sentral. This property really caught my eyes.

Here are some photos:

I’m currently looking for a small unit (for myself to stay in when I’m in KL / PJ). After all, I only work, trade and sleep in the room and probably hop by a nearby cinema for a movie! So probably 400 to 500 square feet will be more than sufficient.

Too bad, the smallest unit in this ‘Loft’ is close to 900 square feet. Otherwise the location, the facilities and lifestyle everything is close to as good as it gets!

Monsters versus Aliens – 4 June, 7.50pm @ GSC Times Square
My 3rd time meeting Ah Bob…

Terminator: Salvation – 6 June, 7.50pm @  Filmgarde Iluma
My 2nd time meeting the fake ‘Arnie’…

Tactical Unit: Comrades in Arms – 12 June, 11.40pm @ GSC Midvalley
Not nice…

The Taking of Pelham 123 – 15 June, 9.15pm @ GV Vivocity
Don’t give it a ‘Put option’…

Ghosts of Girlfriend Past – 22 June @ Cathay Cineleisure
Not too bad, not as bad as the 1/2 star rated by some newspaper critics..

Transformers: Revenge of the Fallen – 25 June, 10pm @ GV Vivocity
The surround sound system was not on, waste the entire movie!!

The Taking of Pelham 123 – 26 June, 11.30pm @ Shaw Lido
Good, that’s why I watched 2nd time…

Transformers: Revenge of the Fallen (IMAX) – 29 June, 9pm @ Times Square
So much better!!!