Last weekend I dropped wife at a cooking class and since I had time to kill before picking her up, I attended another Forex preview. This time it was the one conducted by Madam Lily Thniah. I actually have attended her preview before, about one and a half years ago so it is good to see what she had to offer this time around and to give my readers the latest pricing for her course.
In the last preview, the intro was done by one of her students but this time, Lily did the whole preview herself. Her presentation was much better than the last time (if I remember correctly) and she gave a fairly comprehensive introduction to Forex Trading. There were a lot of video testimonials by her students and samples of some of their trade statements.
Her strategy seems to be based on Technical Analysis, probably candlestick and trends combined with other indicators. She mentioned 27 trades in one day so it may also be some form of scalping. She also emphasised on discipline and using different time frames.
Hers is a 2-day course followed by weekly support classes. The fees? A list price of RM5,500 with discount down to a round figure of RM5,000 with other support such as daily reports, e-mail, hands-on trading, etc.
The syllabus covers all the basics of Forex Trading so the secret will be her trading strategies. I wonder if any of her students are willing to share that here.
I think I will attend one of the Forex previews by Kishore since the advertisement is appearing in the newspaper almost everyday. This will complete my survey on Forex courses that is currently available.
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.