[SAGAD]

I just couldn't believe what I'm reading about your ideas of mentorship.
Have you actually experienced this sir?

Yan problema sa karamihan ng AVERAGE Filipino . . . pag nakarinig lang ng "The Sky is Falling" madaling mapaniwala.

I just came from John Calub's Seminar about Forex Trading held at Rembrandt Hotel. And do you know who the guest speaker was? . . .  its Mario Singh himself.

John Calub is the Philippines No.1 motivational speaker. Before he even become successful, he had a mentor from the likes of Tom Peters, Tony Buzan and Jack Canfield to name a few. You can just google John Calub to learn more . . .

Mario Singh is the the No.1 International FOREX Expert/Trainer. He has appeared more that 50 times in CNBC Asia to discuss about the FOREX Market. You can also google him for more . . . .

And you know what's the best thing about this seminar? ITS ABSOLUTELY FREE!!

Held at the Penthouse of Rembrandt . . . fully airconditioned . . . comfortable seats . . . very good visual aids/sound system and with a complete group of STAFF.

And all that for just 3 hours (actually 4) of our very precious time . . .

In that seminar, Mario actually teached how to trade forex.  Most of you would already know what he just taught in the seminar but it would be great to actually hear them straight from an EXPERT.

Lahat naman siguro marunong nang mag basketball diba and how would you feel if Michael Jordan himself teach you to play basketball?


Bing Barredo a Filipino but a resident in P.N. Guinea and a student of Van Tharp Institute came here in the Philippines and conducted last April 2012 a Forex Trading Workshop also for FREE . . . actually he charged a "refundable" Php1,000.00 just to separate the "curious" from the "serious." After the seminar I got my money back!

Mark So, Expert Trader/Forex Trainer and founder of Forex Club Asia also hold seminars and workshops.

Kung meron mang totoong mentor na manggagantso then that's when your due diligence comes into play.

Of course there are seminars conducted by them  with a fee . . . but maybe you should try to look at it this way . . .

Do you remember Newton’s Universal Law?

“For every action, there’s an opposite reaction.” 

Or simply put it . . . You can’t have Something, out of Nothing!

Yung  iba, can't afford not willing to pay for the seminar/workshop fee would immediately say manggagantso lang yan or marketing scheme lang yan (the sky is falling) just to confirm they’re non-willingness.  That’s the same as “sour graping” isn’t it.

Even Warren Buffet, world’s greatest investor before he became what he is now also had a mentor . . . none other than Benjamin Graham.

Think of one successful man who didn’t have a mentor that helped them succeed. If there’s any.

Please don’t under estimate the importance of mentorship.

Others say use the Internet to educate oneself. That’s great . . . the internet holds almost all the “information” one needs.

Information but not  W I S D O M. You can hardly find WISDOM in the internet.  Wisdom comes from the very person who have conquered his/her chosen field.

You can choose the hard way (self-reliant) or the easy way (mentorship).

I’d choose the easy way. If its easy it must be better. And if its better it becomes easy and easier.

Please find the time to read the books recommended. It will put you in a better mindset.
You can add
Secret Code to Success - Noah St. John (Not related to trading but a very "powerful" book for developing a better mindset)



my two cents

I have nothing against mentoring, i'm just wary of people teaching people how to trade when they  themselves aren't trading for a living...they are teaching for a living...

personally, i do not contest the idea that a good mentor can indeed help a new trader...

i myself had several mentors in the past, 2 actually...

one from the US who "guided" me through Price Action trading...

another from Austria, a floor trader, who actually trades for a living...

anyway, both of them had different styles, one was a chartist and the other one didn't even use charts...

and their money management was on the extremes, one was ultra conservative, one defied the norm...

and they didn't charge me a single dime... 

mentorship, go for it...but be careful, that's all i'm saying...

[RosendoCuyasen]

This is a cool trading tread.. I'm a trader before but I quit.. hahaha.. pero dito parang magigising na naman ako..

[Prospera]

^Welcome to the forum and to this thread, Rosendo.:-)

[luckydragon88]

I'm not basically new to forex trading....

I was a forex trader before the internet age. Trading was done by brokerage firm and you need big investments to start to trade as in min of P250K which you could loose fast as in overnight. Most traders were not trained, we were only given basic training. When to enter and exit the market, how to calculate margin calls, profits/loss, etc. So you dont expect to come out a winner but more burned accounts due to poor training.

Most of this brokerage were closed already due to many people's money flying away overnight that prompted the government to close this "hk mafia firms".

Now that the internet is allowing small investors to participate in this biggest money tool of the decade, the interest of forex trading is coming back again and I'm glad to see many Pinoy forex traders in this forum.

I still consider myself a newbie and would like to learn more before trading again. I value all insights given here since most of them are posted by real traders.

Again, thanks to this forum and to the members who are sharing valuable insights in their trading experienced.

[ferrariEverest]

Hello Sir luckydragon,
u are lucky, u already have a huge headstart compared to us.
I believe u are equipped to pursue your passion.

Do browse around and ask questions (here or thru PM).
U are way experienced than most of us, so I'm not sure if we can help
I'd also appreciate if u could share more stories about your experience

[luckydragon88]

Sir Ferari,

I wouldnt say i am experienced here since its starting all over again,
nandyan pa din ang fear esp trading with your own money
and of course no matter how much you analyze the market
mahirap pa din maintindihan ang market factors
so i'm glad with this forum.

still in forex kindergarten pa din.
since did lost so much money before

ang advise ko lang:
sa newbies: treat your few investment as forex college tuition fee. nothing teaches better than real trade . You can win all the time with demo trade, but it doesnt matter, but once you start actual trade, THAT is what MATTERS kasi money mo na ang involve. If unsure stay out of the market.
Post Merge: Jun 18, 2012, 08:09 PMwould lke to add this:

Forex highs and thrills and lost will always be there. Its more challenging to trade forex because once you touch Margin Call and your in a loosing position you have to cut your loss compare to stock market wherein you can leave your position and pray hard the market will go ur way even after for a few years. Unlilke FOREX you loose quick and need to get off quick once the tide comes in. And if you are profiting, U need to get out quick also.

[Gwargz]

Forex, trading and related topics are very new to me. Not new to me is that I have some savings which qualifies for trading, say 100k. Now, my layman's question, how much possibly will my 100k earn in a year? Please educate me. Salamat po.
Post Merge: Jun 21, 2012, 08:32 AM,,, if there is a broker in here who is interested with my little cash, kindly e-mail me na lang. Educate me. My email address is gwargz@yahoo.com. Tnx and God bless.

[Prospera]

Hi. The usual suggestion for a forex newbie is to make babypips.com your first stop. There you'll get a bird's eye view of the forex-trading landscape. Then you'd need to do practice trading on a demo-account. Only after you've become profitable with your virtual trading should you open a live account. Don't rush!

Good luck...

[leo0707]

Forex, trading and related topics are very new to me. Not new to me is that I have some savings which qualifies for trading, say 100k. Now, my layman's question, how much possibly will my 100k earn in a year? Please educate me. Salamat po.
Post Merge: Jun 21, 2012, 08:32 AM,,, if there is a broker in here who is interested with my little cash, kindly e-mail me na lang. Educate me. My email address is gwargz@yahoo.com. Tnx and God bless.

you can earn as much as you want but at the same time you can lose all your money. If that amount is out of hard labor, set aside for other things apart from trading. However, if you really want to trade, educate yourself, be familiar with everything related to trading, and practice in demo account. Educate, how? you can find almost everything on the internet. Start browsing 'forex market' in wikipedia and if something that you don't understand post it here..So what are you waiting for? start throwing questions now.. =)
Post Merge: Jun 23, 2012, 01:22 AMDoes anyone here knows any market maker in cebu city? let me know please.

[ferrariEverest]

^ Are you looking for a market maker or are you trying to promote one?

unless someone can tell me & prove otherwise, walang reliable Retail Forex broker sa Pinas.
saka brokers na market makers ay nabubuhay sa pamamagitan ng pag-ubos ng pera ng client because they trade against their clients.
so I advice newcomers to trade with reliable international brokers, tapos hangga't maari ECN broker kunin nyo, hindi market maker broker.
magresearch kayo, ako nagreresearch pa din

[calbert]

^ Are you looking for a market maker or are you trying to promote one?

unless someone can tell me & prove otherwise, walang reliable Retail Forex broker sa Pinas.
saka brokers na market makers ay nabubuhay sa pamamagitan ng pag-ubos ng pera ng client because they trade against their clients.
so I advice newcomers to trade with reliable international brokers, tapos hangga't maari ECN broker kunin nyo, hindi market maker broker.
magresearch kayo, ako nagreresearch pa din

Is it okey to do Forex Trading by relying with Signal Provider Performance using ZuluTrade?

[ferrariEverest]

possible Sir.
pero hahanap po kayo ng matinong provider, w/c will take time AND money

mas maganda kayo na lang mismo parang mas malaking satisfaction

[Mighty_Tea]

Is it okey to do Forex Trading by relying with Signal Provider Performance using ZuluTrade?

Find the dumbest trader. Much more easier to find than the really good ones.

Then "trade against" them. 



 

[ferrariEverest]

^ mahirap hanapin Sir.
sobrang dami namin e.

[Prospera]

^Speak for yourself, fE, lol. 

Anyways, using signal providers like Zulu does/can work for some people PROVIDED they take time to at least learn  the basics (knowing how to size your positions is crucial here, imo). They also should study the style of their chosen trader thoroughly before actually signing up.