Risk Warning

Forex Trading on margin carries a high level of risk, and may not be suitable for all traders. The high degree of leverage can work against you as well as for you. Before deciding to trade forex you should carefully consider your trading objectives, level of experience, and risk appetite. It is possible that you could lose some or all of your initial capital and therefore you should not trade money that you cannot afford to lose. You should be aware of all the risks associated with forex trading, and seek advice from an independent financial advisor if you have any doubts. Having said that, anyone with a sound mind can trade Forex but he must be aware of the risks involved as highlighted above.

Friday, July 17, 2009

Forex trading by Kishore (PowerUp Capital)

The last time I attended this Forex preview, it was Kishore himself who gave the talk but this time it was one of his students, one Rajesh. Of course, Kishore was a pro in public speaking but nevertheless Rajesh also gave a good account of himself. Not sure if this was part of the strategy as he told a sob story just like what Kishore did the last time. Also a clip of Nick (Vujicic, the one without limbs) was shown to give a motivational push, nothing wrong with that. Playing on your psychology?

Anyway back to the forex course. This is a 2 days and 1 night course and it costs RM498 x 12 months or a total of RM5,976 where you'll be taught 10 trading techniques. Apparently this is software driven with buy and sell signals probably based on technical indicators as well.

As usual, there were plenty of students testimonials. The advantage they have here is that they have Bellum Tan, the Robert Kiyosaki Asian Ambassador as an ex-student and he is making plenty of money so it is definitely a strong draw card.

There are the usual support with a trading classroom locally for three nights of the week. This is the most expensive course fees so far but they claim to have the largest number of students locally. May well be true since they have been promoting their courses very aggressively and they have been running courses in many other countries as well.

It is really quite difficult for somebody to decide which course to take since there are so many different classes available at varying costs. My next preview will be the one by NextView.

Ronald Kwok


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