I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



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Sunday 19 June 2011

Is it too easy to be a forex trainer?

Borrow the idea from La Papillion


** "BIAS" is a special feature in my blog where I get to say whatever I want with scant regards for your feelings. I'm not politically correct in this feature, so go ahead, judge me."

Read? Trading Courses – Does it work?

Yours Letters, thesundaytimes June 19,2011

Jaya Prakash wrote a letter on that subject.

I may like to change the subject a bit - Is it too easy to be forex or investment trainer?

Every Gurus claimed that they have made millions in investing or trading; but I haven't seen any of these Gurus putting up an audited claims to such results.

What is MAS doing? They should step in to regulate and accredit these trainers.

BTW, If the Gurus are so good and know how to teach people how to make easy money from the market. Why don't they conduct Kindness Draw every month to pick a few lucky fellows and then give them investing tips and help them to make some money. Every lucky fellow is entitled to only one chance.

What you think?

1 comment:

  1. I am not related to any trainers, and this is my own experience. My first course on trading costs $3k+, and is held over a weekend in a local hotel in singapore.

    Is it worth it? Yes! It got me started on systematic trading, and not ad-hoc trading based on gut-feel or mood.

    Is it overpriced? Yes. With the background knowledge, I purchased and read many books which repeats what is being covered in the course.

    I would say if you got some experienced trader friend who is willing to guide you for a start, you might not need to attend the course. If not, like me, the first "investment" is necessary.

    ReplyDelete

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