More and more people are asking me about forex trading, whether it is a sound investment and how they can be successful in forex trading. Personally I think investors are good to expose themselves to various forms of investment as ways to diversify their portfolio provided they understand very well the risk involved in each type of investment. Forex trading involves higher risk than the usual equity investment that requires certain trading skills and discipline. Of course all these can be trained as you go along in the journey of trading, be it forex, futures or equity trading. So if you were to ask me if it is a sound investment, my answer is "Yes" if you trade with a plan, this plan must state clearly your entry price, target price, and your stop loss. Next, I would like to share with you my personal views on how to be a winner in world of forex trading. Big Picture Too many traders get too detail in the day to day, minute to minute trading which often make one get confused...
Recently a close relative of mine was scammed away more than RM100k and I think I need to write this article to warn people about scams. This can happen to anyone, whether or not you are educated and you have seen many times these things happened in the media, you may well be a victim of a scam. You've saved all your life and you've been investing wisely to accummulate your wealth, but one unlucky day you encounter a professional syndicated group of people who got hold of your emotional weakness and you may lose your life savings. Internet Scams The most common is through internet. It is reported that many scams are initiated through the Internet; victims range in age from 18 to 81 and come from all socio-economic backgrounds. All types of advance-fee scams have one point in common – the targeted person is led to believe that he or she has a chance to attain something of very great personal value (financial reward, a romantic relationship, etc) in return for a small up-front ...
Despite all efforts to corral Wall Street to avert a crisis, avoid market collapse, and instill confidence in the system, guess what happens. Yet another major misstep in the marketplace by one of its big participants. And not just the rare market mistake that occurs once every year or two. Missteps, hiccups, and strange collapses seem to be occurring these days just about every other week. This week, it's Knight Capital , the equities market-making firm that announced losses of over $400 million after it launched new software in its trading systems. Software errors and technology glitches led the firm's black boxes to spew large orders of errant trades. By the time the firm's humans (not machines) could discover what was happening, it was too late. The losses had piled up on trades the firm had no idea it had booked and would have never wanted to make in the first place. The losses wiped out about half of its book-value equity, and now it struggles to survive in...
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