How To Make Money Run After You (Part 1)

August 3, 2011

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Forex Club Manila has been upgraded to Forex Club Asia!

July 7, 2011

High Risk Investment Warning: Trading foreign exchange and/or contracts for difference on margin carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss in excess of your deposited funds and therefore, you should not speculate with capital that you cannot afford to lose. Before deciding to trade you should carefully consider your objectives, financial situation, needs and level of experience. You should be aware of all the risks associated with trading on margin. The content of this Website must not be construed as personal advice.

Hi Everyone!

Please know that as of March 2011 Forex Club Manila has now been upgraded to Forex Club Asia!!! Excellent!!!

And as a Token of our appreciation for all your support, we encourage you to join us for FREE!

Become a “Starter Member” at Forex Club Asia. It is completely FREE!

We were all beginners in Forex at one point, and we understand how incredibly exciting and at the same time very confusing this market could be. Which is why we invite you to learn and trade Forex with us, a community of like minded people across Asia. If you are a complete beginner or have been at it for a few months but are still confused on how to trade the forex market, then the Starter Membership is absolutely for you.

–

Here’s What You Get:

Money Management Planning Form: “The Withdrawal Planner”

At Forex Club Asia, we value our hard earned profits a lot! So, we make it a point to “withdraw’ our profits as often as possible. With this form, you will have a step-by-step plan on how and when to “withdraw” your profits. Withdrawing a small amount at a time but doing so frequently will add up over time. This form is truly a must have before you even embark on trading the forex market.

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Money Management E-Book: “Mark’s 10 Mistakes to Avoid in Trading”

Meet Mark So, Forex Club Asia’s founder and Chief Forex Trainer. Being a forex trader since 1998, Mark will share in this short but powerful E-book, The 10 Mistakes to avoid in trading and his 10 Solid Rules to follow. These are golden nuggets of information that has been tried and tested not just by Mark but by the members of Forex Club Asia and Forex Club Manila (a subsidiary of Forex Club Asia). You simply can’t go wrong with this kind of information.

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Online Video Access: Forex Basics: “Understanding What We Trade”

Continue the learning with Mark as he explains what the forex market is all about in simple and easy to understand terms. Your trading education begins here as you will now be painlessly be introduced to the Forex Market. And like all our premium video’s they can be accessed anytime and anywhere at your own pace and at your own time as long as you have internet connection.

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Online Video Access: Forex Basics: “Understanding Currency Pairs”

The 2nd video in the Forex Basics series, Mark talks about how pricing is done in the Forex Market in a way that is so simple, it will blow your mind! This topic is a must understand if you want to get a handle on what and how money is transfered from one currency to another and what, as Forex traders can we do to capitalize on it.

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Online Video Access: Forex Basics: “Understanding PIPs”

The 3rd video in the Forex Basics series, Mark will explain what PIPs are and their dollar value when we trade the forex market. Understanding this unit of measurement in Forex is crucial to understanding how you are doing.

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Online Video Access: Forex Basics: “Understanding Leverage, Lots & Margin”

The 4th video in the Forex Basics series, here you will understand what the Forex Market has to offer you in terms of the money that you trade with, the multiplier effect of leverage, the lucrativeness and dangers of leverage. Also, this is where you understand that it doesn’t really take a lot of capital to trade the Forex Market.

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Online Video Access: How To Navigate the Trading Platform

Finally, after you get all the basics down, you will now try out what you have learned by opening a FREE practice account and a step by step video on how to navigate these platforms. Following the guides here will immediately get you to understand what you are doing and get you started on your exciting Forex career!

Whoa, You had me at FREE dude!

Welcome Ateneo “Intro to Financial Markets” Participants! June 25, 2010

June 25, 2010

markso Uncategorized 1 Comment

Let’s get started with your Forex Education.

But first, please read this:

Click Here To Register for a Free Demo Account:

Open a Demo Account with FXCM now!

Can’t see the image? Click here instead:

https://secure2.fxcorporate.com/fxtr/demo/?ib=BUSINESSMAKER_UK

The Tale of Two Salesmen (Part 2) (via Business Advice by Mark So)

June 2, 2010

markso Uncategorized Leave a comment

This is non-forex related but I wanted to share this other article of mine . Read, comment, and have a super great day!
-Mark

First off, I’d like to thank all of those who visited and commented on my blog for Part 1. For those of you who have not yet read it please click here From the comments, it was apparent that everyone has a favored salesman type, either Yin or Yang. But I was truly amazed and happy to read some of the comments that came very, very close to … Read More

via Business Advice by Mark So

171% in 30 Days! – Meet Jenny Curato!

May 30, 2010

markso Directional Forex Trading april2010 Forex club Manila Trading Contest Winner, Forex Club Manila Trading Contest Winner for april 2010, Jenny Curato Trading Results, Master of the Minimum Trading Winner 1 Comment

Hi all!

I’d like you all to meet a member of Forex Club Manila who took my Forex Crash Course (Fortune Forex) last January. She won the regular contest we hold by an astounding 171.67% in 30 days. Below is my interview with her and a link to download her trading results to see for yourself.

Mark: Congratulations Jennyfer, Outstanding job! How do you feel about being the April 2010 Master of the Minimum Winner?

Jennyfer: I’m very happy. As a beginner it’s really a very big achievement.

Mark: A lot of members want to know how you made +171%. Can you give us the details of your trading style? What was your strategy?

Jennyfer: I always make it a point to study the economic conditions of the currencies I want to trade and of course follow religiously your trading signals. For me your trading signals are 99% accurate.

Mark: Do you think you were lucky or do you think you worked for it?

Jennyfer: It’s a combination of LUCK, HARDWORK & of course your ACCURATE TRADING SIGNALS.

Mark: Were you able to develop discipline in trading during this contest?

Jennyfer: yes i developed discipline , the fastest way to get rich is to go slow so “wag magpadalus dalus”,always in control when you are trading.

Mark: What lessons did you learn from this contest?

Jennyfer: PATIENCE… Don’t be too aggresive

Mark: When did you start trading? Have you won / lost money in Forex trading before?

Jennyfer: i started jan 19,2010, at the start i won but later on i lost almost half of my capital because of my aggressiveness. I learned a lesson from this mistake. So, I controlled my emotions and started to be patient. It really pays if you’re patient.

Mark: Are you an aggressive / moderate / conservative trader?

Jennyfer: From the lessons I learned from my mistake (aggressiveness) I can say I am now a CONSERVATIVE TRADER.

Mark: What’s your advice to our fellow members / traders?

Jennyfer: My advice to my fellow members is to be PATIENT ENOUGH, WORK/STUDY HARD THE CURRENCY YOU WANT TO PAIR & FOLLOW YOUR TRADING SIGNALS.

DOWNLOAD JENNY’S TRADING RESULTS FROM APR 15 – MAY 15!

Think you can beat her? Join the Contest here: or copy and paste this link into your browser:

http://www.forexclubmanila.com/fcm-tradingcontest.html

Monsterpips to All!

-Mark

April 18, 2010: Goldman Sachs Fraud Charge Explained and Simplified

April 19, 2010

markso World Economic Commentaries Goldman and Paulson & Co, Goldman charge explained, Goldman Sachs, Goldman Sachs Charged by SEC, Goldman Sachs Simplified, Mark So Explains Goldman Fraud Charge, SEC Charges Goldman with Fraud 26 Comments

Last Friday, April 16, 2010 the US Securities and Exchange Commission charged Goldman Sachs with Fraud. This explosive move by the SEC has tremendously diminished investor confidence in Goldman and Wallstreet in general. The SEC charge is a very serious one because it says that Goldman fraudulently sold its CDO’s (Collateralized Debt Obligations) to its clients at the behest of its other client Paulson and Co who “shorted” the same portfolio. The investors lost around $1 Billion while Paulson made the same amount.

The problem according to the SEC was that Goldman failed to mention to the buyers that the CDO’s that they were buying was chosen by the exact same person who wanted to sell it in the first place. Now if it is not clear to you what the Fraud charge is all about, let me simplify it for you using a crude analogy

DISCLAIMER: The explanation below and conversations between characters are fictitious and are not quoted from any source, it is solely for educational purposes only and should not be construed as fact.

I want you to imagine a shady “used car” transaction:

A used “car lot operator” was approached by a knowledgeable mechanic. The Mechanic proposes a deal to the operator: “I would like you to loan me a particular car in your garage, place the car in my name, and I want you to sell it to someone else for me”.

The car lot operator asks: “Are you out of your mind, why in the world would I do that?”

The mechanic says: “because I have a good idea which car in your garage is defective and I’m certain that it will conk out right after it is sold, if you loan me the car that I choose and you can find someone to buy it from me, and I’m right that it conks out, I will buy it back from him at a much lower price, make money and I’ll give you a commission. Think about it, if I am right that the Car Conks out, then that means that car would have caused you a lot of trouble and I would have saved you from that problem!”

The operator says: “So you are telling me that you can tell which one of my cars are worth nothing and you want me to sell it to someone else so that I can still get some money for it? Why don’t I just do it myself? why do I need you for?”

Mechanic: “Because I won’t tell you which one it is until you agree, and besides, you need me because I will take on the risks if this doesn’t go well”

The operator asks: “What do you mean you will take on the risks?”

The mechanic says: “Well, if I’m wrong, then I will buy it back from the buyer, even at a higher price and give you back your car. This is why I want you to loan it to me and put it in my name first, that way the defective car is effectively mine and I take all the risk!, but if I’m right, I will take the profit but will still give you a commission”.

The operator thinks it over and says, “So you are telling me, no matter what, I’ll make money an you take the risks?

The mechanic says: “Yes, so will you loan it to me and sell it to another client of yours for me now?”

The operator says: “okay it’s a deal.” (Who wouldn’t right?)

The operator looks for a buyer for the car, BUT does not mention that the car might conk out soon. Why would he, it’s in his best interest not to right?

So, the operator, because of his slick selling skills successfully finds a buyer who pays for the car at the current price, the operator does not give the money to the mechanic just yet but keeps the money in a safe place, both the operator and the mechanic do not touch the money and wait for what happens to the car. A few days later, the car does conk out, the buyer brings it back to the operator, then, the mechanic arrives and offers to buy it back at a much lower price. After a lot of harsh words and threats of law suits, inevitably, to cut his losses, the buyer decides to just give in. The Mechanic pays for the car at bargain prices using the original money that the buyer gave the operator in the first place.

The buyer gets screwed, the lot operator gets rid of the defective car and even gets a commission for it, and the mechanic goes home with the bulk of the money.

Now, let’s apply this to the Goldman Sachs Fraud case. I will just change the characters of the story and leave the story in tact, read it again below:

Goldman Sachs was approached by Paulson and Co. Paulson and Co proposes a deal to Goldman Sachs: “I would like you to loan me a particular Investment portfolio, place it in my name, and I want you to sell it to someone else for me”.

Goldman Sachs says: “Are you out of your mind, why in the world would I do that?”

Paulson and Co says: “because I have a good idea which portfolio of yours is defective and I’m certain that it will be worthless right after it is sold, if you loan me the portfolio that I choose and you can find someone to buy it from me, and I’m right that it becomes worthless, I will buy it back from that buyer at a much lower price, make money and I’ll give you a commission. Think about it, if I am right that that particular portfolio of yours is worthless, then that means that portfolio would have cost you a lot of money and I would have saved you from disaster!”

Goldman Sachs says: “So you are telling me that you can tell which one of my portfolios are worth nothing and you want me to sell it to someone else so that I can still get some money for it? Why don’t I just do it myself? why do I need you for?”

Paulson: “Because I won’t tell you which one it is until you agree, and besides, you need me because I will take on the risks if this doesn’t go well”

Goldman: “What do you mean you will take on the risks?”

Paulson: “Well, if I’m wrong, then I will buy it back from the buyer, even at a higher price and give you back your portfolio. This is why I want you to loan it to me and put it in my name first, that way the defective portfolio is effectively mine and I take all the risk!, but if I’m right, I will take the profit but will still give you a commission”.

Goldman thinks it over and says, “So you are telling me, no matter what, I’ll make money an you take the risks?

Paulson: “Yes, so will you loan it to me and sell it to another client of yours for me now?”

Goldman: “okay it’s a deal.” (Who wouldn’t right?)

Goldman looks for a buyer for the portfolio (which was chosen by Paulson to be Collateral Debt Obligations), BUT does not mention that the particular CDO was chosen by Paulson himself and might conk out soon. Why would Goldman do that, it’s in his best interest not to right?

So, Goldman, because of their slick selling skills successfully finds a buyer who pays for the CDO’s at the current price, Goldman does not give the money to Paulson just yet but keeps the money in escrow, both Goldman and Paulson and Co do not touch the money and wait for what happens to the CDO. 6 months later, the CDO triggers a series of events leading to the worldwide recession, the buyers bring it back to Goldman, then, Paulson and Co offers to buy the CDO’s it back at a much lower price. After a ton of margin calls, a lot of harsh words and law suits, inevitably, to cut their losses, the buyers decide to just give in. Paulson pays for the CDO’s at bargain prices using the original money that Goldman has been holding in escrow in the first place.

The buyer gets screwed, Goldman gets rid of the defective CDO’s and even gets a commission for it, and Paulson goes home with the bulk of the money amounting to at least 1 Billion US Dollars.

Understand it now?

Monsterpips to All!

-Mark So

P.S. Please do comment on this thread, I’d love to hear from you.

Comment on insider selling

September 14, 2009

markso Directional Forex Trading Leave a comment

Insider stock selling
Cnn money reported over the weekend of a massive amount of insider selling of their us stock holdings since april. Why? Well in my opinion there are three reasons why insiders would do this: 1. They’ve been waiting to cash out ever since the crisis started, so now that all major indices have turned bullish again they’re selling. 2. Most of these are options which really mean that the opportunity to turn contracts to cash is irresistable 3. They’re buying into the opinion that prices are too high and the current prices do not reflect the current fundamentals. While all this is happenimg though, the major us indices are still charging upwards this would lead me to believe that despite insider selling the broader market is still buying. There must be caution now as a healthy pullback may be coming soon. For currencies the usd will continue to weaken significantly as investors and traders are dumping the idea that the usd is a safe haven currency for now
-Mark So

Week of Feb 16 to Feb 20, 2009

February 14, 2009

markso Uncategorized Leave a comment

But first, please read this:

Saturday, Feb 14, 2009

4:10PM Philippine time

I wrote last week Obama’s stimulus plan is not going to stimulate the US economy because of all the politicking and amendments. At best, it will only cause more suffering and pain in months to come. Tim Geithner was supposed to pull it all together when he unveiled the plans for the banking sector, he didn’t and in fact caused more panic in the markets when his plan lacked details the market was waiting to hear. Because of that incident the USD strengthened on the phenomenon called “flight to safety” which means that investors pulled out of the markets and kept the majority of their holdings in cash (basically they sold off their assets in exchange for USD).

=> So here’s what you have to remember this week. The more bad news you hear from the US, the stronger the USD will become.

Now, the Bailout plan is ready for Obama’s signature as it has already passed the Democrat controlled house and senate at 787Billion dollars. What remains now is to see what happens. As such the markets, specifically the currency markets will be in consolidation mode this week (basically no clear direction and it will gyrate back and forth or will be trading sideways)

So having said all that, here’re the pairs that I’ll be cooking for the week:

Monday – Feb 16, 2009

No viable opportunities on Monday.

———————————————————————————————-

Tuesday – Feb 17, 2009

Get ready to Sell EUR/USD on Tuesday Feb 17, 2009

The fundamental reason:

At 6PM, German ZEW Survey (business sentiment) will come out which should be bearish for the Euro

Timing Window:

Get ready to sell EUR/USD at these times should a Technical Set up or a Trading signal appear

Philippine Time: 8AM to 12NN (This is GMT+8)

(For non-Philippine residents, please download and use the easy time conversion table found on this link: http://timingyourtrade.com/component/content/article/38-getting-started/58-time-conversion-easy-reference-guide.html)

———————————————————————————————–

Wednesday – Feb 18, 2009

Get ready to Buy EUR/GBP on Wednesday Feb 18, 2009

The fundamental reason:

At 5:30PM, Bank of England Minutes of the Interest Rate Meeting will be released which should be bearish for the interest rate outlook for the GBP

Timing Window:

Get ready to buy EUR/GBP at these times should a Technical Set up or a Trading signal appear

Philippine Time: 8AM to 12NN (This is GMT+8)

————————————————————————————————-

Get ready to Sell GBP/USD on Tuesday Feb 18, 2009

The fundamental reason:

At 5:30PM, Bank of England Minutes of the Interest Rate Meeting will be released which should be bearish for the interest rate outlook for the GBP

Timing Window:

Get ready to sell GBP/USD at these times should a Technical Set up or a Trading signal appear

Philippine Time: 8AM to 12NN (This is GMT+8)

Thursday – Feb 19, 2009

No viable opportunities on Thursday.

————————————————————————————————-

Friday – Feb 20, 2009

Get ready to Sell EUR/USD on Friday Feb 20, 2009

The fundamental reason:

At 4:30PM, German PMI (GDP related data) will come out which should be bearish for the Euro

Timing Window:

Get ready to sell EUR/USD at these times should a Technical Set up or a Trading signal appear

Philippine Time: 8AM to 12NN (This is GMT+8)

————————————————————————————————-

Get ready to Sell GBP/USD on Tuesday Feb 20, 2009

The fundamental reason:

At 5:30PM, UK retail sales (GDP related data) will come out which should be bearish again for the GBP

Timing Window:

Get ready to sell GBP/USD at these times should a Technical Set up or a Trading signal appear

Philippine Time: 8AM to 12NN (This is GMT+8)

————————————————————————————————–

Well that’s my forecasts and timing windows for this week, please only follow my advice at your own risk.

Should anything change I will update this post!

Monsterpips to All!

-Mark

P.S. Happy Valentines To All!

Week of Jan 26 – Jan 30, 2009

January 25, 2009

markso Uncategorized Leave a comment

Sunday, Jan 25, 2009

9:00PM Philippine time

Last week we saw a terrible loss of confidence in the Eurpoean banking sector which lead to a massive collapse of both the Euro and the Pound. It was triggered by 1.) UK Prime Minister Gordon Brown’s announcement of a 50 Billion GBP government infusion to insure UK’s toxic assets and 2.) The Royal Bank of Scotland (RBS) announced a full year’s loss, the largest corporate loss in UK history. In Euroland, on the other hand, there was an article in Dailyfx that there are flaring tensions and talks of a breakup (or breakdown) of the Euro. While I don’t think the ECB will be abandoned fairly easily, I do think that the Euro is as affected as GBP in terms of confidence loss and getting investors to rally behind them. At least, not for this week.

Now, trading the markets this week would be easier if there was some good news in the US, problem is there is none to speak of, especially this week. President Obama is now just beginning to tackle the many, many problems facing the US and is focused on the internal re-arranging of bailout priorities leaving the rest of the world to fend for themselves in the mean time. The Dow closed down around the 8,000 level and investors everywhere are rubbing their foreheads trying to figure out what to do now. Aspirin anyone?

As for me, I do still see some opportunities this week, So here’re the pairs that I’m cooking:

Monday – Jan 26, 2009

Get ready to Sell USD/JPY

The fundamental reason:

At 11PM Philippine Time, US Housing data and leading indicators are set to come out more bearish than ever.

Timing Window:

Get ready to Sell USD/JPY at these times should a Technical Set up or a Trading signal appear

Philippine Time: 12NN – 7PM (This is GMT+8)

————————————————————————————————-

Tuesday – Jan 27, 2009

Get ready to Sell NZD/USD

The fundamental reason:

At 5:45AM Philippine time, next day Wednesday the New Zealand Rate decision comes out which is expected to be a full 1 point cut from 5% to 4%.

Timing Window:

Get ready to sell NZD/USD at these times should a Technical Set up or a Trading signal appear

Philippine Time: 8PM to 12MN (This is GMT+8)

———————————————————————————————–

Wednesday – Jan 28, 2009

No viable opportunities for Wed.

————————————————————————————————-

Thursday – Jan 29, 2009

No viable opportunities on Thursday

————————————————————————————————-

Friday – Jan 30, 2009

Get ready to Sell CAD/JPY

The fundamental reason:

At 9:30PM Philippine Time, Canadian GDP comes out which is also expected to kick the pair lower

Timing Window:

Get ready to Sell CAD/JPY at these times should a Technical Set up or a Trading signal appear

Philippine Time: 12NN – 4PM (This is GMT+8)

————————————————————————————————-

Well that’s my forecasts and timing windows for this week, please only follow my advice at your own risk.

Should anything change I will update this post!

Monsterpips to All!

-Mark

Week of Jan 19 – Jan 23, 2009

January 18, 2009

markso Uncategorized Leave a comment

Sunday, Jan 18, 2009

3:00PM Philippine time

This week is about the hope of change as President Elect Obama gets inaugurated on Tuesday. The whole world will be watching every word he says in his speech. It is never good to mix politics with financial concerns however because of the ongoing Financial Crisis, the world including the financial sector in all countries is looking at the new US Leader to see where the world goes from here.

I still maintain the reversal in USD strength from now until March or even June 2009.

(I gave my reasons 2 weeks ago), but more importantly now, interest rate cuts from all countries are easing somewhat with a wait and see attitude. ECB president Trichet himself said that there will be a postponement of any further rate action / decision until March. The UK also said something similar last week. This week, we will see inflation reports in the form of CPI and PPI from UK and Europe to show a slight increase in prices once more which if I’m correct will keep Eurozone and UK interest rates untouched for the short term.

Last week, the NON-USD Majors corrected downwards while the USD recovered a bit. So this week would be a good week to start buying low once more for the EUR, AUD, GBP.

So here’re the pairs that I’m cooking this week:

Monday – Jan 19, 2009

No viable opportunities for Monday.

———————————————————————————————–

Tuesday – Jan 20, 2009

Get ready to Buy GBP/USD

The fundamental reason:

At 5:30PM Philippine Time, UK CPI comes out which is expected to boost the pair higher

Timing Window:

Get ready to buy GBP/USD at these times should a Technical Set up or a Trading signal appear

Philippine Time: 8AM to 12NN (This is GMT+8)

———————————————————————————————–

Get ready to Buy NZD/USD

The fundamental reason:

At 5:45AM the next day Wednesday Philippine Time, New Zealand Retail Sales come out which I believe will be better than most analysts expect and should give the Kiwi a boost.

Timing Window:

Get ready to buy NZD/USD at these times should a Technical Set up or a Trading signal appear

Philippine Time: 10PM to 12 MN (This is GMT+8)

————————————————————————————————

Wednesday – Jan 21, 2009

No viable opportunities for Wed.

————————————————————————————————-

Thursday – Jan 22, 2009

No viable opportunities on Thursday

————————————————————————————————-

Friday – Jan 23, 2009

Get ready to Sell CAD/JPY

The fundamental reason:

At 8PM Philippine Time, Canadian core CPI comes out which is also expected to kick the pair lower

Timing Window:

Get ready to Sell CAD/JPY at these times should a Technical Set up or a Trading signal appear

Philippine Time: 12NN – 4PM (This is GMT+8)

————————————————————————————————-

Well that’s my forecasts and timing windows for this week, please only follow my advice at your own risk.

Should anything change I will update this post!

Monsterpips to All!

-Mark

Forex Trading Advice by Mark So

How To Make Money Run After You (Part 1)

Forex Club Manila has been upgraded to Forex Club Asia!

Become a “Starter Member” at Forex Club Asia. It is completely FREE!

–

Here’s What You Get:

Money Management Planning Form: “The Withdrawal Planner”

.

Money Management E-Book: “Mark’s 10 Mistakes to Avoid in Trading”

.

Online Video Access: Forex Basics: “Understanding What We Trade”

.

Online Video Access: Forex Basics: “Understanding Currency Pairs”

.

Online Video Access: Forex Basics: “Understanding PIPs”

.

Online Video Access: Forex Basics: “Understanding Leverage, Lots & Margin”

.

Online Video Access: How To Navigate the Trading Platform

Whoa, You had me at FREE dude!

Welcome Ateneo “Intro to Financial Markets” Participants! June 25, 2010

The Tale of Two Salesmen (Part 2) (via Business Advice by Mark So)

171% in 30 Days! – Meet Jenny Curato!

April 18, 2010: Goldman Sachs Fraud Charge Explained and Simplified

Comment on insider selling

Week of Feb 16 to Feb 20, 2009

Week of Jan 26 – Jan 30, 2009

Week of Jan 19 – Jan 23, 2009

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