How To Make Money Run After You (Part 1)

Leave a comment

[object HTMLTextAreaElement]

Advertisements

Forex Club Manila has been upgraded to Forex Club Asia!

Leave a comment

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.

.

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.

.

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.

.

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.

.

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.

.

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.

.

Online Video Access: How To Navigate the Trading Platform (FXCM / FX Solutions)

Finally, after you get all the basics down, you will now try out what you have learned by opening a FREE practice account with either FXCM or FX Solutions 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

1 Comment

Let’s get started with your Forex Education.

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

Great job! Now let’s begin with the lecture!

Write down notes, ask many questions and we’re going to have a great time!

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

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

The Tale of Two Salesmen (Part 2) 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!

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

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

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

Older Entries