I have stopped blogging for sometime due to Personal/Career changing. So, What I am up to?
Since dropping my IT career, it took me about 2 years to confirm on my direction in Investment/Trading Line.
Why do I quit my IT Career? The reason is simple, I do not want to be a worker forever and I hate 9-5 job.Anyone who reads books by Robert Kiyosaki will understand my situation. 90% of people in this world is Employee and Self-Employed (E and S quadrant) and they are making Active Income (Only 10% of the wealth of the world). While 10% of people in this world is doing Business or Investment (B and I quadrant) and they are making Passive Income (90% of the wealth of the world).
The Figure shows that if you want to become rich, you should be in B and I quadrant. Well, Money is not the only motivation for me to jump quadrant. I have seen many Workers, Employees, Self-Employed (like my father) who live a difficult life, most of them still need to work even they are above 60 year old! I have seen a Taxi driver who is 70 years old! I know that I can be better than that. I promise to myself that I will provide myself and my future family a quality life.
So, I made a decision, fired my boss in Intel, threw away IT Bachelor Degree, awards and began a new journey about 2 years back.
I began my journey by joining OSK Investment Bank (Malaysia) as Dealer's Representative and also joined a small USA company as Day Trader for NYSE (New York Stock Exchange). It has been a pretty interesting experience and much to learn in 2 jobs while I only slept for 5 hours daily. It has been an exhausting 1 year as I have tried my best to learn as much as I can in Investment while finding direction in Investment. After sometime, I began to learn Forex from a friend.
I summarized the relationship of Forex with other Financial Instruments as below:-Among these 3 financial instruments, Forex needs the lowest start up Capital (eg: as low as $10 usd only!). While You need to have at least RM 1k to invest/trade in stock while RM10k for Future/Commodity market. I also found out that Forex is the Big brother as whatever is its movement, it will affect Commodity and Stock market. Another benefit of Forex is 24 hours market! Even if you go for vacation in other country, you can see the market as long as you have laptop and Internet Connection. Well, I believe the table illustrates well and I do not have to explain more on why after I learned Forex and I have never look back since.
I am so fortunate to have a chance to get to know a Prefessional Forex Trader and he is currently my sensei/mentor and his nick name is Orange Roshan. He is a very positive and motivated person. This is the First time I meet such a person in my life.
Learned from him that Forex Trading is NOT just about Methods of trading (only contributes 10% of the success rate).
What you need to succeed in Forex Trading?
1. Stick to Proven Methods/systems (eg: Methods/Systems that are using by big Fund Managers)
2. Continuous Mentoring from a Professional Forex Trader
3. Psychology (The Most Difficult Part)
I know that to be succeed in Forex trading really needs time, So, I will take time to learn from him as 90% of success if determine by Mentoring and Psychology.
What makes him a professional Forex Trader? Well, you have to find it out on your own. Please check it up from our Forum (www.orangeroshan.com). Registration is Free and you can access to 3 Methods of Trading (SRDC 1,2 and 3). Well, Methods alone is not enough like I said previously. Continuous Mentoring and Psychology are way more important.
ADV: The Future Is… What?
4 days ago