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In life nothing is for free……………
Every move we made is a calculated risk and experience learned.
Same in FX spot…it all about calculated risk ratio. And it all about you…yourself!!!!
Yes , I attend his course , and yes it is expensive, and yes….. I still learning after 2yrs. and yes I lost and burn my account along the way . But I do not blame him cos. it is me who want to know about spot FX.
And I blame myself for the failure but I do not give up cos I believe there’s a potential in spot FX.
Cheers
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MF Global going bust has little to do with whether it is easy or difficult to make money trading forex. To read “The four critical lessons every investor/trader should learn from MF Global Holdings’ collapse!”, go to http://is.gd/6VVWA0.
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It is not easy to make money in forex. Trust me as i had there and done that. it takes more than sheer discipline to be successful in this trade. Currently still hv not recovered the course fee i paid and continue to lose money. Think again if there is anyone who can teach you the trade.
Currently, there are Clarence Chee, Kishore M, forexdriving sch, Yeo Keong Hee etc.
Don’t part your money too easily. These people are living a comfortable whereas you have to slog/save for the $2000- $4000.
Read Janet post and Manish post. Both offer the right perspectives about trading forex and about attending such courses..
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Agreed it is not easy to make money in trading forex.
Not even for large global investment broker , MF Global, which went bust trading deriavitives.
No understand.
If MF Global had just spend $3000+ to learn from Forex teachers,
it could have been super rich by now,
instead of losing the billions.
for anybody who has attended this course and thinks that they were misled then they should contact Mr Tan Kin Lian (who ran for Singapore President post) and perhaps he can help us get our money back:
http://tankinlian.blogspot.com/2011/09/foreign-exchange-training-courses_20.html
Hi Everyone,
Before commenting anything on Kishore Mirchumal Mansinghani (I have not idea why he liked to be known as Kishor M probably because of too length Middle and Last Name).
First I want to tell you something about myself, I work in Bank and building Forex Trading system for Fx Spot Traders, so you can think I know the shit.
I am not trading but I know the jargons and know how a spot trading desk works in a bank (I will give you guys a little idea how FX spot business works in a while).
I saw the add in deal.com.sg so I thought lets see is there somebody in market who can teach you trading(believe me I did not heard about Kishor M before) So I went in Suntec Conventional Center Room 203 on 14 Sept [7:00 pm to 9:30] The lady told me to fill up the Registration form, I did that.
I was watching the crowd and had bit of chat with couple of folks out there. Everybody wants to be a RICH, good thought.
Seminar started at 7:15 ish when I entered into the room I heard a song (I wanna be Rich blah blah) not too bad good way to motivate people.
It has been started, he said he is going to reveal 4 strategy today [Instant profit technique, Pip Maximizer, Explosive Profit and 100% Accuracy].
So far so good, crowd was not enthusiastic but I was.
He started giving example and EUR/USD EUR is base currency and second one is quote currency and trade at 1.4425 [Note current price or that day price was 1.3725 so I guessed the slide was too old]
This means 1 EUR is equal to 1.4425 USD , everything was ok, you can BUY EUR/USD or can SELL EUR/USD, fine good stuff.
Then he turns to explain the return [How much you can earn]:
He said Price are quoted in pips and you ignore the decimal and the difference is pip or made or lost and if you made 1 pip on 10,000 you make $10.
Hello, this statement immediately grab my attention, 1 pip is 0.0001 and 1 pip on 10,000 (10000 * 0.0001) investment can give you $1 not $10,
For all of you who don’t understand pip, pip is the diff between two prices in FX example
I bought 10,000 EUR/USD @ 1.3725 and I sold same position at 1.3726 for I made 0.0001 {1 pip} so total I made $1 not $10
He explained every thing by taking this in assumption and showing big big return everybody was happy but I was not.
Did he became millionaire by using this calculation, Does he trading in real market I have solid doubt now.
So far so good He shared sharing his past (you can read on internet I am not going to repeat), he was in bad time then he went to Berkley university and had some course and then he started trading.
Now he wants to help us and wants us to become independent blah blah.
I would say very impressive and very motivation speech, well done Mr Kishore Mirchumal Mansinghani.
Everything was fine, suddendly at the end of the seminar, it became a selling speech, I will give you this free that free total cost of free bees are $35000, but I am not going to charge you 35K.Then his staff started distributing pamphlet, he said only 20 pamphlets will be distributed grab grab it [Typical Singapore style marketing], I grabbed one.
People left the roon who did not got chance to grab it.
Suddently his staff was turing chairs in rever direction I was confused what is this happening, once staff done, he said those guys has pamphlet take a chair, I took so , OMG what I saw is there was the table where I saw at least 4-5 credit card reader installed.
Then Mr. Kishore said the offer here is SGD 398 I was shocked, actually everybody was shocked only 398.
Guys I thought there is somebody on earth who really wants to help other and really wants to make everybody RICH.
My dream got shattered once he said SGD 398 * 12 month installation program only for 3 days course.
Then his staff took over the mic and said one card, second card and third card…..14 cards [card means credit card here, people who were interested was giving credit card to the staff]
I took the chance and went to shake hand with Mr Kishor (I have some questions in my mind to ask).
First I thanked Mr Kishor for the nice speech.
I asked how many students will be in the class, he said 50 [you can calculate 50 * 4800 = 240K, he is making in 3 days, Still do you think he is millionaire because of FX trading]
I asked Kishor you made million dollar, he said more than that, then I said why you are so worried and why you are taking such a pain.
I said millionaire like you is sleeping at this time and you are here with us.
He said I want to help you guys, good joke.
I said good spirit. why dont you open a school or a open source academy like khan Academy (http://www.khanacademy.org/) he said this is my school.
One guy who was standing next to Kishore said dont you understand this is a great business, he (Mr Kishore) smiled at me.
I got all the answers of my all the questions.
I remembered the question which I asked to one of my Fx Spot Trader (How can I learn trading, Trader replied and said no body is going to teach you)
So the moral of the story is he is a good speaker and can deliver good motivational speech, but trust me like my trader said no body is going to teach you trading.
If anybody wants to know How Fx Spot trading works I can write me next post.
Best Of Luck !!!!
Thanks
Manish
HI ALL:
I am newbie to FX, but I have a good understanding of the theory behind FX. I use a demo acc to practice and also attended few seminar talks in town (Singapore). Now I can make these comments.
1. All talks are more-or-less same; They just promise that they will “teach and train” U on 2 or 3 strategies. They show a glimpse of those strategies but then they dont argue anything rational on how they achieve the desired pips.
2. There are tons of web material available and anyone with some leisure time can understand the theory – step-by-step details are also available on web. Beyond all this, what remains is to understand a few things – (i) assessing the mkt trends at any point in time, (ii) when to enter and when to exit, and (iii) realistic returns one can make under the current trend; The trend capturing more-or-less can be assessed using a combination of indicators while the second and the third aspects, I dont think any course can even teach or train with a 95% confidence. They have indicators and trackers that can be inserted and monitored, but what is important is the last two aspects, without knowing which, we are risking heavily!
3. In seminars they keep saying on the use of “stop losses and railing losses”. For anyone who has rea the basic theory knows that is the first thing you ned to do to minimize your losses!
So, I am kinda frustrated and confused as to when to begin with some confidence. If there are any like-minded persons here, pls email me ([email protected]) and I can ready to chat and mutually learn the tricks of the trade. I am using Oanda demo acc for practicing.
–BBoy
ReplyThink impossible.
Why will anyone want to share the $ making skill freely.
Haters are gonna hate.
Winners are gonna win.
Losers are gonna loose.
Forex can be self taught AND it can also be taught by someone else.
Formal school or school of hard knocks, either way, forex will still be here.
Good luck.
30 pips a day is easy. Took me 2 years to perfect it though. I’m not telling you how I did it. 😛
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A lot of individuals handle forex as a pursuit of knowledge.
I can tell you for one that knowledge will not make you money in forex. Or any form of trading. It is important but not the key factor.
95% of people lose money in forex. This is a fact. Yet many of them are intelligent individuals maybe more so than us. But yet they still lose money.
Forex is a minus sum game. To really succeed in the market you need more than just knowledge. You need wisdom.
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* $28,000 PROFITS IN 1 DAY!
* Retire Rich Like Our Graduates
* Join The Largest Forex Community
* World Renowned FX Trader
* Best After Course Support, Winning Environment
* Weekly Coaching for 1 Year Absolutely Free
* Only Course That Offers Daily SMS/Email Alerts and Live Trading Session
then why waste time advertising ?
if the above is true then he must be so rich and too busy spending money, where to find time to teach you for few k or for charity ?
i never heard of any big forex community in singapore. by the way the last time i heard of a option community is gone , the dr showmanship is even more impressive.lol
put yourself in the position as he mention , what will you do? you know the answer and trust your answer.
ReplyHi clint,
Some people do teach just to be occupied.
My mentor is comfortably retired and teaches to keep himself occupied.
But trading is a capital sum game. To make money you need money. And in a sense he is willing to share his experiences with others to give young folks like myself an opportunity to build our capital.
Cheers! =)
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Hi Reagan,
Yes, there are sincere folks around but I think the gist of this topic more or less centers on a specific program.
Rgds,
Hi,
Just sharing.
Can find lots of free and good forex education articles at:
http://www.learntotradethemarket.com/forex-articles/priceactionforextrading/
“Price Action Trading – How I became a Full Time Forex Trader
My success in forex trading started when I finally started to recognise the repetitive behaviour of the daily forex price charts. This article will talk briefly about my trading journey and where I am today as a result.”…………
Leverage is the reason for achieving 100% profit in one single trade.
Without leverage, your capital of USD2000 is only able to achieve 200 pips profit or $200 or 10% return
With leverage of 400:1, your capital of USD2000 is able to achieve 200 pips profit for $80,000. 400% return
Simple logic.
Don’t be greedy, the more risk you take the more return you get. You want a balance of not risking all your capital for that one single trade. Keep your risk to 1% risk or 0.1% risk or whichever level you are comfortable, so that you are still able to trade for another day. Above example of 10% return without leverage is utilising 10% of capital to risk. You may utillise 1% or 0.0001% or using just the interest earned to risk the venture. your principal amount is still protected. Be creative and flexible. There are so many trading opportunities. See my Forex Trading Activities blog at http://www.FTactivities.blogspot.com
Not doing anything and keeping all the money in the bank is not really wise, when the forex trading is offering a good chance of opportunities to get a return and some brokers do give your interest on daily basis for keeping your money with you.
Your money with the bank is not guaranteed safe if bank bankrupt occur.
Singapore bank only guarantee $20,000 per account per person. so if you have USD3million, the amount you can get back is only SGD20,000.
Broker account and their client account is separate, segregation of accounts required under Singapore law. So if the broker company go bust, your money is still safe. you get back your money and interest earned for parking the money with them. Of course, you must do your due diligent check on the brokers, not all are so. As far as I know, brokers in Singapore required to have segregation of accounts.
Hi,
I suggest those who are not keen to join Kishore M’s course to buy mutual funds. Mutual funds had been proven to beat the market time after time.
Why are you guys even thinking of putting your hard earned money with a hedge fund manager like Kishore M?
For my case, I trust fixed deposits. I can get 2% of return guaranteed!
I don’t have to be sold to to know that I can get 2% profits for my USD3million in the bank.
To your success,
Crystal Chan
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The average inflation rate in Singapore is roughly 3.2% per annum. By leaving your money in a fixed deposit, your money is decreasing in value at a rate of 3.2% – 2% = 1.2% a year.
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Haha…how does anyone who believes in leaving money in fix deposit to generate income even have USD3million in the first place.
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Thanks for all the sharing. I learning form everyone of it.
My question : Which forex trading company or account is of good reputation meaning they are REAL and supportive of traders?
Thank you
ReplyI was told by my friend that she download the system to follow the signal to buy and sell. That is two years ago. I don’t know any changes in between.
I am trading forex. Learning forex is something which you can easily pick up and learn from youtube, books, on all the technical stuff about forex.
Trading forex is an experience which is difficult to transfer over unless you watch over them to trade.
Pick one trading strategy that suit you. Trade forex to learn forex trading. Start a demo account or small live account.
Different people have different personality. one trading strategy that suit one does not suit another.
Exploring which suit you is important.
Knowing your risk appetite is important
Knowing your temperament is important.
Trading is about psychology.
Successful trading is controlling your money (risk capital per trade), your time (your trading schedule, economic news time, trading hour session), and your emotion (greed & fear). Write down what you plan to do and do what you plan. Written trading plan is important to help neturalize the emotion, the money and the time.
Happy forex trading!
ReplyJanet,
can you share with me which forex company or website you are using now? any problem?
Thank you.
Max S
ReplyOanda.com … now is Oanda.sg as they have setup one in Singapore branch.
Pro : Small spread 0.9 pips. Chart update on my trading activities, calculation of profit & loss before trade execution. fast withdrawal of fund within 3days. No downloading. website trading. now able have mobile trading. fast connection. Earning daily interest on the balance account. (like saving account in bank). Now that they have branch in Singapore, you can learn from them their system feature, free lesson from them. user friendly platform.
Cons: charging interest or earning interest by seconds for open position trade. maintenance during weekend, widen spread to 10 pips during data released. No problem for me. I don’t trade on data news. the transaction details cannot be seen at one glance, need to click individual transaction.
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Janet,
Good comments you posed! Thanks.
After reading yr msg last week, I called Oanda for platform training….hey, it’s quite good. I have yet to start a demo account maybe later this week (quite busy now).
I attended Yeo Keong Hee’s training last year (Oct 2009) but still on demo account and not doing well. Had I started live account immediately after training, hooo…maybe bangkroopt by now!! Alredy spent over $2000K + another $1000K for new laptop and no return yet…susah man..! However I’m beginning to learn more each day.
Mind if you can give some advises as I’m opening live account very soon with Oanda :-
– How much start up capital do you recommend for beginner?
– What level of leverage to use (max 1:50 at Oanda)
– Which type of indicators you use and how many of them when you trade?
– Any other advices you have I welcome with gratitude!
Thanking you in anticipation of yr kind response.
Philip Ho
ReplyHi Philip,
There is no short cut.
1) Do demo forex trading for at least with consistent profit of more than 3 months, though preferably with 2 years record. 2 years is prefered as the market activities and movement in each month may varies. fundamental like JPY repatriation, stock annual report, quarterly economic data, central bank announcement, dangerous months, monthend move, etc.
2) start live trading account only after you have achieved profitable record. Start small. Oanda accept as little as $1.00. but start any amount which you can afford to lose. money emotion test in live trading account. Demo account is exploring of suitable trading strategy for you that is profitable.
3) trading with Oanda means no trading during economic data released for intra day trade. Bewary of market spread widen. 30min before and after the data out, stay away. The spread quotation is a great indicator of market volatility movement.
4)Never quit your day job for forex trading. Always treat forex trading as part time. You must have other source of income coming beside forex trading.
5) Risk management. Less than 1% of capital risk on one trade. setting your stop loss level before you enter trade to keep below 1% capital risk.
Never utilise leverage offer by broker. trading value will calculate the amount for the one trade, utilise only your own capital amount. Many people are finished off within 3 months as they utilised fully the leverage. high profit return which come with a price of an even higher risk. eg 10% return with 100% risk. focus on both the profit and the potential risk involved. many focus too much on profit and ignored the risk.
6) keep all record of your trading transaction, market activities, economic data time. Review and correct your trading along the way. keep note of market trend, your entry time and exit time, market movement at that time, your capital risk, risk reward ratio, keeping to trading plan or divert, duration of holding a position.
7) have a trading plan before enter market. trading plan involved your entry level, exit levels, why you enter based on what reasoning or indicator or strategy. trading amount, time to enter, time to exit, risk reward ratio , capital risk rate.
8) Discipline. have your trading schedule. plan your trade and trade your plan.
9) Keep learning. market changes over time.
Janet,
Many thanks for your advises and sharing as well. Surely I will benefit from them!
Guess I’ll practice for another 3 – 4 months before going live. After that I’ll let you know the outcome of my trading. Meantime if there are any other tips and advises that you may have from time to time, I’ll be grateful if you can share.
Just curious…you said to treat forex trading as part time. If one can be very consistent and successful in trading, why not do it fulltime? You may email me at: [email protected]
Once again…thank you and have a nice weekend!
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Hi Janet,
I have read your posts and recommendations and I must thank you for good advice. I am new to forex and trading a small account with etoro. It is difficult indeed and I will appreciate if you will email me personally. [email protected]
Thanks and regards,
Savi
Hi
Kishore has got real credentials in trading.
>> ok. noted.
He has formal qualifications in finance.
>> ok. noted.
He has been a hedge fund manager.
>> good.
He has been in Wall street as part of his education.
>> excellent.
He has appeared on Bloomberg [CNBC is not the only channel out there]
He really knows a lot [forex, options, cfd, futures etc]
>> if I am not wrong, someone who lost an appeal also appeared in one of these channels?
He is an honest and helpful person [which is more than I can say for some others]
Sure he is a marketeer also, because he is also a business man.
>> Could you please define what you mean by honest?
Nothing wrong with that.
>> What is ‘that’?
You will learn a lot from Kishore but make a point of attending tutorials afterwards.
>> What is a ‘lot’? Is the objective to learn a lot?
Hi
Kishore has got real credentials in trading.
He has formal qualifications in finance.
He has been a hedge fund manager.
He has been in Wall street as part of his education.
He has appeared on Bloomberg [CNBC is not the only channel out there]
He really knows a lot [forex, options, cfd, futures etc]
He is an honest and helpful person [which is more than I can say for some others]
Sure he is a marketeer also, because he is also a business man.
Nothing wrong with that.
You will learn a lot from Kishore but make a point of attending tutorials afterwards.
I am a trader myself so let me give my two cents…
I have never met kishore, but I have talked to REAL experts in the recent ATIC event (Asia Trader and Investor Convention), like
– Kathy lien
– John carter
– Don Schellenberg
These are real experts who are recognized around the world, appearing live on major financial news channel like CNBC and have published books that are read by traders worldwide.
All these experts know one another, but when I asked them “have you heard of Kishore” they all said “Who?”
I also didnt see Kishore on ATIC. You must know that ATIC is like a must-attend event for traders in Singapore.
Me and my trader friends are like “This kishore guy don’t dare to appear on ATIC because we traders know who is for real and who is fake”
Anyway if you want to learn forex trading, learn from REAL traders. I recommend Ed Ponsi. Just search “Forex” on Amazon. His book is #1.
Hope this helps
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His talk is energetic and he is good in marketing. i just saw his free preview.
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Can someone tell me… how can this be a scam when he said he was speakers in those “money conventions” and that he is one of the best? Moreover he is said to be quite sort after in asia.
I really wanna know…. though i must admit of the hard selling part… it’s like those online marketing websites… but just live in person, that’s all ….
is the after course support that bad ?
Are the things he teaches enough for one to have knowledge for forex trading?
Is he good with the “let’s trade together & learn” ??
What about the promises he made in the seminar ” If you don’t make 1000USD in a month, i’ll give you a one to one tutoring absolutely free” ??
i look @ the students who were there persuading people to join the course… my apologies, i was like …. where’s the nice fitting clothes and the flashy watches and the truely happy faces cos they shd be financially free??
ReplyYM,
When I read your question “Should l spend my last bit of money on this course?”, I think or I hope I can help you save your last bit of money.
Let’s take your questions one at a time.
1. “Anyone take the online course by Kishore? Does it work at all?”
I’m sure many people take this course (Kishore can provide you the proof), given the relentless adverts in the papers, but it seems not too many people are keen to respond to your questions or don’t know about this site. Does it work?. Sometimes it does, sometimes it doesn’t. The point I am trying to make is, it does not matter if does work at all. What matters is whether it works for you. Generic questions, gets you generic answers. To be specific, even if it works for you, what does that mean?.
Making $28,000 profits in one day per Kishore’s claim?. How much money do you need or have to make that amount?. What about the losers? How much did they lose? (Hmm, I wonder if Kishore could share that with us). If I make $28,000 in a day and lose $50,000 the next day, where am I?. Or should you be looking at your portfolio over a year, two years, maybe more to judge whether you make money and by how much as compared to putting your money in the bank? Anyway, let’s move on to a more important specific question of yours.
2. “Should l spend my last bit of money on this course? Can anyone who buy the online course package give me a reply? Really appreciate any comments or reply”
To be specific, no, please do not spend your last bit of money on this course based on someone having a positive or negative experience. (For all you know, Kishore could be trading and making $10 million a year. I forgot how much Warren Buffet makes in a day) As mentioned, what works for someone may not work for you and vice versa, though you have some local “NLP” gurus who used to be associated with the options ‘expert’ that will tell you otherwise.
So, even if someone has a bad experience, it does not mean you should not attend a course. BUT, in this specific case, read the claims by Kishore and ask yourself only specific questions. I have listed some key points in the thread above. For the time being, save your last bit of money. You need to build that up if you want to trade and be able to take losses in your portfolio.
There are a few very good books on trading which you can get online and you don’t need to pay for it. http://www.netlibrary.com.libproxy.nlb.gov.sg/Search/SearchResults.aspx?__EVENTTARGET=&__EVENTARGUMENT=&VIEW_STATE_FIELD_NAME=1&__VIEWSTATE=&tt1=FullText&t1=alexander+elder&ql=ENG
You need your last bit of money more than Kishore does.
I calculated that if he takes in 500 students over a 6 month period, he would gross $1,500,000 (500X3,000)
or $8,000 a day, everyday, for 6 months or $9,000,000 in 3 years. His advertisement fees comes from the students.
Until Kishore comes up with specific answers and a balanced presentation and not just claims, I think you should think really hard about parting your money. There is a disclaimer in his adverts in very fine print to protect himself.
I think if Kishore comes up with a new course how to persuade people to buy hope, then it may be worthwhile to use your last bit of money to sign up for his new course, with the understanding that this is selling hope.
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Hi Jack,
Thanks for your reply. Been thinking whether l should do it? Not sure if l can do it fine? My brother told me that forex trading is not an easy thing to understand and follow. Do you have any forex trading experience? I will give this forex trading a thought before l make any important decision. I really financial freedom for myself and my family.. will find out more what l can do… thanks for your help
Kind regards,
YM
I don’t have any forex trading experience and it does not matter if I do or I don’t.
I recall vaguely, from cpf statistics, over a one year period, 90% lose money, 5% make $5k or less and the balance 5% make $5k or more. I think these numbers apply to stocks/insurance/gold only as I think the government does not allow cpf money to be used for forex. This is just a reference to show the odds are stacked against you to begin with.
How many people do you know become financially free from trading? So what if they do?
I am not saying one should or should not trade. To learn, there are plenty of free, good available resources. I think there are also introductory reviews by SIAS.
If you want to go for an expensive seminar, go when you already have a strong base of knowledge so that you can ask the very specific questions that you always wanted to find out but don’t be surprised if the instructor does not know why choose a 12,26, 9 period MACD instead of 11,25,8 period. If you go for a seminar and end up with
“if you see this, then buy/sell..”, you have learnt nothing.
Be it trading or anything, as long as you have less than 50% odds (as in Casinos), over time, you will loose. The key is how do you raise your odds and no one can answer that for you. You have to find it yourself because the odds are not just mathematical. There are many other factors, including having ‘enough’ money to begin with. Go read the books in the links I mentioned. If you find it difficult to understand or too tedious, then it may be best to stay away from trading. I know of many people who won a lot and later lost a lot of money and never trade anymore. If you don’t believe me, try asking the people whom you know who does trading what is their capital in Jan 2009 and what is their capital in Dec 2009 and see if they can answer you (assuming they know and are willing to share)
You have a family to take care.
I wish you well.
Best,
Anyone take the online course by Kishore? Does it work at all? Should l spend my last bit of money on this course? Can anyone who buy the online course package give me a reply? Really appreciate any comments or reply
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my ask is, if kishore M is a fraud or if he is not good as he claims to be, will he be able to sustain himself in the market for the last 7 yrs?
hmmmmm…. im attending his seminar soon… let me see for myself…. .
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hi,
so how you doing after attending his seminar are you trading his technique are they working….please reply
Hi Harry,
Please share your experience.
Is it money worth ?
To me… not really.
Appreciate your reply.
Regards,
ED
Hi All,
It’s up to you.
From my experience, keep away from forex !!
1st, you need to learn how to trade, good , go for Kishore M course, spending $$$ for basic stuff. After that, deal with brokers. Do you think those brokers easily let you win ? They have to pay you after you’ve win. I myself trade demo and live forex. What can I tell you is, most of them are scam!
And, yes, you can earn money in the starting. But you’ll see in the long run.
The trainer or lecturer is making money from you.
See for youself if it’s value for money.
To me, it’s NOT! Not at all !!
Good luck.
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Hi, Does anyone have any performance record of daily alerts he sends? Would be interested to know how many pips per day his signals are generating.
Thanks.
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Hi, I have attended Powerup Seminar for Forex in 07 but the speaker was Lily Thianh not Kishore. She was OK. I have not started trading yet till now. You may want to note that There are no support or follow up thereafter which I think is important. If you have any questions after the seminar, too bad…
I heard Kishore speaks before. He seems to have the Gift of the Gap…BUT, trust me on this, the admin / support staff are EXTREMELY hopeless. They cant reply email and those who pick up the phone is not sure about anything.
I am looking forward to meet some ppl to form a learning and support group. Please let me know if you anyone is interested.
Thanks and Good Luck!!!!!!
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Hi,
I just went for the seminar this evening , ‘HARD SELLING’ Technique.
$328 X 12 months instalment by credit card 🙂
Kishore M seminar offers 2 option with books , cd , support after coures , option 2 is $398 X 12 mths is $4,776 per annum and option 1 is $498 X 12 mths is $5,976 and many people actually signed up , I wonder if students didnt sign up they would have saved $4,776 and $5,976 per annum , and for 10 students he already generate $59, 760 in just 1 FREE seminar he actually took this money and tell you that he provide you his money to for you trade .
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Hi everyone, I am very glad that I find this forum. The only sad thing is that it seems like the last posting is so long ago.
Just to be very upfront, me and friends were casually thinking about coming up with a seminar on spotting good forex seminar. haha .. I am currently doing some research on existing competitors and was very shock from what I have found.
Anyway one of the main reason for my partner venture in this area because we are so pissed with a few forex educators as well. Their claims are just $%^&*^% and some with too much marketing business linked as well. Of cos the worst is explaining how easy it is for people with no knowledge to make money.
I have been to a particular preview where one speaker sold his story of climbing back from proverty to today through forex trading. Then I have a close look at this website again, he uses the same story how good he is but this time through property investment. I am just shaking my head.
I really hope that this page can be seen by many many more people in Singapore as he has been really active or other educators. I have no IT, website expert thus I do not know how best to distribute good information. Please please help others, many aunties and uncles are out there been blurred.
ReplyHere are the ‘facts’ which I got from today’s advertisement. This is a summary and my personal comments.
Key Highlights:
* $28,000 PROFITS IN 1 DAY!
* Retire Rich Like Our Graduates
* Join The Largest Forex Community
* World Renowned FX Trader
* Best After Course Support, Winning Environment
* Weekly Coaching for 1 Year Absolutely Free
* Only Course That Offers Daily SMS/Email Alerts and Live Trading Session
Key Points:
1. Know When to Enter and Exit with Accuracy. No one will reveal.
2. Ability to start & trade live from 1st day immediately.
3. Anyone can learn to do this, no experience required.
4. Earn daily cash income USD 200$-1000$ before going to bed.
5. Become financially free within 1-2 years time.
6. I have turned US$27,500 into US$183,000 in 2 months. (…. Graduate)
These are my comments:
Key Highlights:
* $28,000 PROFITS IN 1 DAY!
(What is the capital required to generate this amount of profits in 1 day?. Does it also mean I stand to loose $28,000 in 1 day?. Cut loss strategy?.)
* Retire Rich Like Our Graduates
(How many?. How Rich? How many bankrupts?)
* Join The Largest Forex Community
(Join The Largest Forex Community implies ….?)
* World Renowned FX Trader
(World Renowned with reference to?)
* Best After Course Support, Winning Environment
(Define ‘Best’ and what is the meaning of ‘Winning Environment’?)
* Weekly Coaching for 1 Year Absolutely Free
(What kind of coaching?. Email?. Phone?. Does everybody need coaching after attending workshop?. Who is providing the coaching?)
* Only Course That Offers Daily SMS/Email Alerts and Live Trading Session
(And that implies…? What kind of alerts?)
Key Points:
1. Know When to Enter and Exit with Accuracy. No one will reveal.
(How accurate is accurate and what is meant by ‘Accuracy’?. No one will reveal. If no one is revealing, you should definitely not attend this course. By the way, what is being revealed?)
2. Ability to start & trade live from 1st day immediately.
(Is this a good thing? Will I make money on 1st day? How much?)
3. Anyone can learn to do this, no experience required.
(That’s excellent)
4. Earn daily cash income USD 200$-1000$ before going to bed.
(I thought the advertisement says “$28,000 PROFITS IN 1 DAY!)
5. Become financially free within 1-2 years time.
($28,000 x 365 days = $10.2 million in 1 year or using the ‘before going to bed’ calculation, $1,000 X 365 = 365,000 in 1 year.)
6. I have turned US$27,500 into US$183,000 in 2 months. (…. Graduate)
(How many of you have US$27,500 that you can put at risk?. What about other trades that are losers? How much and how many?)
Hi, can anyone guide me as i have also enrolled for Kishore M’s 3 days workshop. I getting scared after reading the above blogs.
Please share your good / bad experiences…..
Those who attended the 3 day seminar, could you kindly share some specifics (not generic stuff) of what you have been taught or learnt.
In the live trading, how many trades were done, what is the approx value, what was traded and what were the outcomes. How long was the live trading session?
Just fyi, I happen to come across this video –
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No live trades during the 3 hr NAC event. A repetition of what was in the video.
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Hi, I attended the 3-day course on Sept 2009. Kishore presentation is informative, motivational and indeed he needs you to use your brain, not be greedy and practice money management first (for example control your trading loss, don’t lose than 5% your capital).
The best quotes I get from him are: You got a lot of news everyday but you have to understand it and make it to your own profit, secondly, don’t subscribe to HBO switch to things like Bloomberg, CNN that make you rich.
Of course even a good teacher does not guarantee good students. You will likely start with losing you money like I did when you enter FX trading. After all I feel that is just like in college and life, 10% are winners, 90% are losers. And money from 90% will go to 10% pocket so it’s important to know where you are in the spectrum in this game.
Replyhi ,
i need your help. i am a online subscriber to kishore forex ….will you tell me now you are earning money with his strategy or not…
thanks
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Hi all and Berven,
I have attended the free workshop but prior to that I did my homework via earlier friends who got enrolled and the net of course. This is my advise
1. As far as I can see , this guy is genuine. If you do face any problems , it must have been the downline. Not that happens in any organisation right ? The solution is to get in touch with him directly if the support is not on par . But pls don’t call him for updates or tips … this guy is very busy lah !
2. In regards to MBS certification , pls check http://www.mbsedu.org.uk/index.php?option=com_content&task=view&id=21&Itemid=34. PLs do not accuse someone until it is proven .
3. Lastly but most importantly , don’t expect people to help you 100% without you lifting a finger . These guys act as a guide only, not GOD. Even GOD requires you to pray (which needs some effort right?) . You need to digest their tips, guide , watch bloomberg , CNBC, do your homework as well .
You know something , I have not joined the course as yet as I don;t believe is making decisions on the spot. For the rest of you , good luck .
Sivapragas (KL Malaysia)
ReplyThere are many comments regarding the course experience at:
http://forum.channelnewsasia.com/viewtopic.php?p=2447320&sid=3af65fa66709bc999dc069cf9d677a94
http://iamrainbow.wordpress.com/2007/04/23/powerup-rule-the-stock-market-workshop/
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So easy to trde forex profitably.Too good to be true.Still very sceptical.
ReplyMy views on forex trading (or any kind of trading) in general.
If you go into it thinking it is easy, you will be hit by a major tsunami one fine day. It might take time but it will ultimately happen.
Over-confidence is the downfall of many traders.
Speaking from personal experience.
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Dare to give your honest opinion….I’m thinking of signing up for the course…tell me anything…
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Well guys, I’ve read all your comment with lots of anticipation. Can you guys those who attended the course give me your honest feedback and truly is it damn easy to make which he claim so…
And are you all been making money after attended.
Cause I’m a bit sceptical but nevertheless I’ve already sign up for the upcoming course after the preview conducted….
Please…tell me anything, anything i want to know…
Thanks in advance for your view.
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Well, I’m a full-time forex trader for several years. I make money from trading and only trading itself. Before starting off trading forex, I attended many preview seminars and think they are all scams.
Heres the thing, If u can make money from the market, why charge outlandish amount like $2,000 to teach?
From my experience, I can say making money in the market is never easy. 90% loses , so if u think again and do your math., do u really think it would be easy to be in the 10% making profits?
Off course I’ve had good runs making 30-40% for my accounts and enjoying the profits. But, u needa understand the tremendous leverage in the forex market. Again, u needa understand drawdowns and probabilities.
The market is built with tough ppl. -pro. traders, bankers, hedge fund managers with much more experience than you.If you think joining a 3-day course is a sure-way of making a profit, I’d rather donate that to a more deserving charity.
U can share your viewpoint by replying. Dont worry, I wont charge like those con-artists out there. 🙂
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hi, terrence: care to be my forex mentor or teacher? u can email me at [email protected]
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Hi Terrence,
I am from India, a new entrant to forex trading. I wanted to start an NGO in 2008 when I decided to trade stocks, make some money before starting the NGO, and lost all my savings. I have recovered from the loss to an extent now. The urge to get back the lost money from the market pushed me to start forex trading. I started with #200 dollars, and I have exactly $80 left after 2 months of trading. The profits are very less, but the losses are very high. Going through the web, I came across Kishore and then you. Taking the course from Kishore is very attracting, but the fee is very high. I will ask you the same question as above.. Can you be my mentor? Certainly, I would pay the fees for the training, but only after I profit from the market. If you feel I am expressing myself truthfully, please help me by teaching me the tricks of the trade. I would be forever grateful to you. [email protected] is the email address.
ReplyDear Terrence,
I will like to express my interest also as I have started trading forex and not doing too well. I browsed Kishore M course and find it too expensive. I will also like you to be my teacher and as I make profits I will definitely pay you. My trading account will remain transparent to you as well just to be honest.
My email is [email protected]