On Get Rich Seminars

Originally Posted by Qaz

anyone know a proper course that teaches u how to read charts analyse trends etc? I'd like to learn forex trading and prefer to have a teacher aided by books rather than just reading fm books...

If trading is so profitable, Lehman could have traded its way out of bankruptcy with its pool of ivy leaguers. Goldman Sachs makes money in trading by having unfair advantages, like having superior technology and sometimes unfair access to government funds (think bailout).

[Qaz]

dont investment firms make tons of $$ & investment bankers earn millions? Is trading forex any more risky than stocks & gold? I'm not disagreeing with u but sincerely asking... I'm not trying to make millions fm thousands but looking at ways to earn additional income

Originally Posted by Qaz

dont investment firms make tons of $$ & investment bankers earn millions? Is trading forex any more risky than stocks & gold? I'm not disagreeing with u but sincerely asking... I'm not trying to make millions fm thousands but looking at ways to earn additional income

The big forex players make money from the retail traders who quickly run out of funds. Sadly, there are more and more such retail traders. It's like the casino - sometimes there will be a few aunties making big wins, but in long run, the house always wins against the majority.

There's a report somewhere saying that retail forex traders mostly get eaten up. It's a Bloomberg one or something. If anyone can find it, please paste the link here for the sake of the blissful ignorant.

Originally Posted by Unregistered

The big forex players make money from the retail traders who quickly run out of funds. Sadly, there are more and more such retail traders. It's like the casino - sometimes there will be a few aunties making big wins, but in long run, the house always wins against the majority.

There's a report somewhere saying that retail forex traders mostly get eaten up. It's a Bloomberg one or something. If anyone can find it, please paste the link here for the sake of the blissful ignorant.

Even a major investment bank like JP Morgan -- with their top traders, rocket scientist quants, time-proven models, super computers and frequently faster-than-market access to time-sensitive info (not amounting to insider news) -- could lose $2 Billion.

JPMorgan executives set to leave, sources say | Reuters

If this Adam Khoo's partner can really generate 10% return month-on-month, then he should go teach JP Morgan a thing or two.

And retail traders should wake up and stop dreaming of making money by clicking mouse buttons at the computer. Waste of time!

Originally Posted by wait and wait---

If these people really like trading soooooo much, why not be a full time remisier? I believe they don't because they don't like to meet and talk to people. They don't like to do business with people. They like to stay at home and talk to computer. Losers.

Remember that Singapore's Peter Lim is almost a billionaire. That "freely fella" is considered poor when standing next to him..

Remisier does nothing but follow orders, most of them don't trade.

Successful traders who work for investment banks get paid millions doing the same thing, you can hardly call those people losers in today's context. Whether they contribute to society is another question.

Successful trading takes lots of skills and is hard, especially when you are trading with your own money. But the few privileged ones get to enjoy financial freedom and has tons of free time to pursue their interest or do social work, if that's their cup of tea.

Don't know about you, but compared to slogging 14 hours a day doing a "meaning" job and having no life at all, I know which lifestyle I rather choose.

[lizzy0302]

Ir you really wanted or aimed to get rich, you must work hard and be honest with your work or business.

Originally Posted by wait and wait---

1. I think the trainers generally knows their trade. Standing in front of a big crowd speaking isn't an easy affair if they don't know what they are talking or teaching.

2. These trainers are businessmen. They know the rule of Income = Value X Leverage. They know they can earn $100k a year by themselves alone, but by teaching many people at the same time in seminars they can earn $1 mil a year because of leverage. The swimming instructor can earn $20 a hour teaching 1 student, or he can earn $200 a hour teaching 10 students at the same time. Same theory applies in ALL trade.

3. Most people won't get maximum returns after these trainings because most of them won't follow 100% of the teachings. They treat it as a movie, get entertained and motivated and go home sleep after that. No actions = No results.

There is a saying, "There are no right or wrong decisions. It's what you do after making the decision that makes it right or wrong."

Dont be stupid, they are sales people. just do some mon key tricks and the money-loving singaporeans will kowtow to them. Naive!