I just received an email from a gentleman and thought of sharing this story.

Lowie spoke to me pertaining this guy’s interest in your FOREX INTENSIVE programme. He himself spent almost SGD11k for both the beginner ($4,888) and advance ($5,888) course from a so-called forex academy (that operates on MLM). After that, he (as a SGD2,000 monthly earner) had blown his account with their strategy and now accordingly to his words, he is “very skeptical of any forex course which advertise, advertise and advertise again and again”.  The high hope he pinned on gained him nothing. After searching for so many course online, he realised that only Chris Lori and my course do not advertise much (think this is Chris) or do not even advertised (and this should be me).

That’s his story. I was in a dilemma state! On a business point of view, I wanted him to enroll into my programme. But as a trader myself, I (instead) emailed him the following advices having him to re-evaluate his options again:

• Yes, he should not give up forex trading since he already spent and invested so much money and time.
• But then, he should consider whether now is the right time to rush in again mainly because he may not have enough cashflow to take my programme and having the appropriate capital to trade the forex market.
• Next, based on what he mentioned in his email, his emotional state of mind may not be appropriate for trading right now.
• Trading should not be done under a ’rush rush’ environment.

For those of you who want to engage in forex trading, do consider all these factors.

I just completed my recent workshop in Kuala Lumpu. This must be one of the toughest workshop I ever conducted. Let me elaborate on the problems surfaced:

1. Ibfx powerstats just happened to be down on wednesday to friday.

2. Some of the buttons on the Fxcm platform didn’t appear for some of the students.

3. We had a ‘fake alert’ as one of the students wrote the wrong birthday on his facebook. Haha.

4. No entry for Teabreak Strategy on friday as there was no breakout.

Anyway, everything’s fine! All the best in trading for the new batch of graduates!

p/s: We entered Sell into EUR/USD using the short-term price pullback strategy and so far, it’s already 50+ pips in our favour!

I was invited by Instaforex to do a forex talk (for the second time) on last Saturday (24 October 2009) in KLCC Convention Centre. Thank you Instaforex and also the endorsement from Alliance Bank (Malaysia) for sponsoring me for this event.

By the way, Instaforex is recently named the Best Broker in Asia by World Finance (http://www.worldfinance.com/winners_articles.php?article_id=718).

For those who are trading the GBP related currency pairs, please take note that GBP/USD seems to be testing the 1.7000 mark.

On Tuesday 04 August 2009 (our local time), GBP/USD breached this benchmark twice and rebound back to 1.6900 region. Furthermore, it has been hovering up and down between 1.69 and 1.70.

As 1.7000 seems to be a strong resistance line, so please take note that any technical indicators may not work as well.

Elsewhere, GBP/JPY is testing the 162.00 level too!

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.

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!

For those who know about my Teabreak Strategy, you know this is quite a simple profitable strategy.

Recently, we are making the complete strategy collection into a EA (Expert Advisor) which auto-trade by itself.

See the results here:
http://www.forexasiaacademy.com/main/teabreak-ea/

One note to take note: This is not those ‘make a few thousand percent return kinda’ EA… This is an ultimate conservative EA (which further employs active money management) that generates decent down-to-earth and believable profits!

It was about 3 years ago when my magazine firm shut down (due to poor cashflow management and low income). I was really down at that time and it really inspired me to get up from defeat (after having 3 magazine flop) and to climb back to become a winner in life.

Recently (just last year), when I started Forex Asia Academy, many scrutinized me for being too young and inexperienced. Naturally, I felt criticized and made fun of because the forex trading market mainly are seniors mostly double my age. Now, there are some who question the scale of my ambitions, who suggest that I’m too young, too inexperienced, unable to execute big plans. I pressed on.

I have lots of friends in my life journey. Most lost their way and started blaming other things and people for their own misfortune.

But it ain’t about how hard you hit; it’s about how hard you can get hit, and keep moving forward. It’s How much you can take, and keep moving forward. That’s how winning is done.

I have found that in my life, I have met so many people who were much smarter, talented and luckier than me. What made me more successful at the end of the day was my ability to get hit again and again and to keep moving forward. I never gave up. However, I know of many friends who got hit hard by life and could never find the courage to get up again. Instead, they quit dreaming and accepted a mediocre life.

There were many times in my life when I did get hit hard and felt that I had problems I could never solve. There were times when I felt that life was unfair and too painful to live. What kept me going forward was that I knew that no matter how bad, every problem will not last forever. Every recession will end. Dawn always breaks after the darkest hour. It was this belief that allowed me to keep getting up.

• When I told my friends (at the age of late-teen), my friend scolded me ’siao’ (i.e. crazy), I pressed on the journey of entrepreneurship.
• When I started my first magazine business, my partners left all the sh*t work to me when things went bad, I pressed on.
• When everyone looked down on me because I got poor grades in my university days, I pressed on.
• When I was cheated by some media veterans in my 2nd magazine venture, I pressed on.
• When I lost over US$18,000 in options trading market as an early amateur trader, I pressed on.
• When I said I’m going to build a forex academy one year ago, and many thought that it would be like my magazine businesses and would never make it, I pressed on.

Whenever we see people achieve great things, it is easy to think that they had less problems and less obstacles than we have. That their brilliance, luck or talent gave them super human abilities to sail through life easily. That everything always goes according to plan.

I can tell you from experience that things NEVER EVER always go according to plan. 90% of the goals I set and plans you make will never go the way I want. Things will screw up and obstacles will appear that will knock me down. It’s all part of the game of life.

Success too has a price. The price is massive rejection, frustration, and hard work, People never succeed either because they thought that success comes easy or because they are not willing to pay the price!

Time flies…

and it’s been over one year now since the establishment of my Forex Asia Academy. Things may seem to happen and move fast, I must say this is a very challenging role as a Forex Educator. I started the entire academy doing all sorts of things a company should do. With help from great people like Lowie (currently my PA, and many great friends), I have more than 300 graduates from Singapore, Malaysia, and many from all over the world (as of today).

I told myself one thing: Since I’m trading and consistently profiting from the market, I must make even more money from this education business. Otherwise, I might as well go back to trading on my own. No point making mediocre income from teaching. I pressed on!!

For whatever we’re facing in today’s forex market, the market is getting more and more unpredictable. But it’s because of these tough times, we become stronger and tougher. We are like on a slope. If we don’t move up, we move down! We must go against gravity to scale greater heights.

So, within short span of just few months in the industry, Forex Asia Academy has been ranked one of the top by ForexForum.asia (www.ForexForum.asia), the authoritative forex forum in the region. Not only that, I have been invited to many talks and featured in various media in Singapore, Malaysia and Indonesia. As the only Southeast Asia speaker, I’m also invited to speak about the development on Forex next weekend for ForexExpo (www.forexexpo.com) organized by Russian.

I am very proud and fortunate to work with my staffs (Lowie, Sherwin and Ella), Tze Ping, Siew Fong the tutorial masters (Chee Seng, Edwin and Kit), my dear graduates and many great people. A big thank you.

• Those who didn’t think I can do these, let me prove to you once more.
• Those who seek to sow conflict or blame, bear in mind that people will judge you on what you can build, not what you can destroy.
• Those who have contributed to my small success, I will continue to work hard and won’t let you guys down.
• Those who becomes my students, you have my assurance that I will continue to upbring the forex education in Asia.
• Those who believe in me, thank you so much. I will continue to bring values to people around me.

Accordingly to sources, there are close to 30 forex trading courses in Singapore and more than 40 in Malaysia. Forex Asia Academy became one of the most recognized forex academy around in Singapore and Malaysia, in just the first year.

On this day, I stand in front of you as a 26-years old individual (at least for the last 3 months), someone with big dreams and great (yet realistic) ambitions.

I’m glad to announce my Forex Asia Academy celebrated the 1st Anniversary yesterday (4th June 2009). FAA continues to move on to the 2nd year of Inspiring, Informing and Improving and the Forex Education in Asia.

Like what I always said to my graduates, Today is still the beginning.