Oh!.
Chinese New Year is over..
its quite early, and ended quite fast too.. at least for me.ha
Lets celebrate again next year..
2009.
Jan will soon be over.
Actually quite recently, i received an email from adam khoo.( just subscribe to his blog and u will receive it)..
He talked abt..
How much are we willing our time for?. 5 years , 10 years , 20 years of our time?..
If you sell 10 years of ur time, ur age will fast forward to 10 yrs later ( 20 yr old-> 30 yr old)
So how much are you selling for?..
P.S. You have to sell..no matter wat. You have to give a price. You cant say priceless.HAHA
For his e.g., he say his friend is selling 10 yrs of his life for 10 million, so by doing calculations, its $114/hr , $1.90/min. Yea. If we really give such a great value for our time, are we doing things tat are worth that much?.. yea. thats a good qn to ponder over yeaa..haa
There are still ard 6-7 months b4 i start sch.
Quite a long time for me to accomplish some things.
I know what's there for me to achieve already..
And I will make sure I achieve it b4 School opens:D
For 2 months, I get to know the game of Forex( foreign exchange ). Its a game, but not exactly a game. It depends how u see it. If you know how to play this game, you will win handsomely. If you lose, it will be game over. And it is really GAME OVER!.
By saying this, people think its very risky. Some say its just like gambling. People who dun understand, of cos say its gambling!:D. Risk? It's contextual.
Everywhere you go, there's risk.
Doctor will tell you, probably of u getting stroke, is the same as probabilty of u getting knocked down by car on the road. So when you get a stroke, you cant blame the doctor!!. Because..he has told u the probabilty, and the risk already!. tats what happen to my grandma.
anyway, risk is defined as not knowing what you are doing.
Eating Fishball for you is risky?. LOL. Not for you. But for a 3 month-old baby w/o teeth, it is.
Swimming is risky?. LOL. Not for a lifeguard. But for someone who cant swim, it is
Driving is risky?. LOL. Not for someone who is a seasoned driver. Buf if he is drunk, it is. Because..
He doesn't know what he is doing!!.
So u can see what is the true meaning of risk?
We always watch tv, say people who play stocks, got their hands 'burnt'. So stocks are risky.
Have u guys wonder who these ppl are? Its the same as the buyers of Lehmann Brothers MiniBonds. I really pity those ppl. It's not tat they want to buy, they r being convinced by the bank relationship managers to buy those. How on earth can those aunties uncles read and understand and sign those contracts?
I have seen how ppl went thru terms n conditions with customers. You will always be presented with a few pages of Terms and Conditions. Then, the customer service guy, will Circle out the so called 'IMPORTANT' terms which u need to take note. Sounds famaliar?
Then, if u dun understand, they will explain to you the so-called 'IMPORTANT' ones.
Then, they will cross the underlined part, for ur signature, n say if u have no problems, u can sign. SO FAMiliar yea?
I get this before. I wanted to read n understand it myself. But he told me others not so impt, so he will ask me to take note some of the 'more-impt' ones. The 'more impt' ones are '' You must be 18 years old.' , ' You must declare that you only provide the truth..' .
When i read it again myself, there are alot of things he dint cover. They are the ' refund policy..' ' company not held accountable if wat wat wat..'' '' company not responsible if wat wat wat happends..'' They dint explain this. So arent they important?. LOL.
Thats wat happend to the aunties uncles who bought Minibonds. Contract stated there may be risk of not getting capital back. But you think the bank managers will say it?. LOL. they will just explain the high interest returns, building dreams for uncles aunties. Because, if they explain money may be gone, aunties n uncles will be FRIGHTENED!, so they wont buy the bonds!, and so...
no commission for the relationship managers!.
anyway, this is a sale tactic.:D
Sry for digressing.haha.
Forex can be risky, and can be not too. Its all about how to minimize risk. Its not gambling. For gambling, you cant minimize its risk. can you?. In gambling, the chances of winning is 50-50. However, in forex trading, its on finding high-probablity events. When probabilities of winning is high, the risk is greatly reduced, and sometimes, there may not be risk too. Gambling!. When people thought there are high-probablity events, and when they think of 'sure-win', sometimes, they lose all. Soccer gambling. Some may say..'' man u vs 'some stupid club' ''.. ppl bet 'SHOW HAND' man u will win. sometimes it draws, or even lose.
However, markets moves based on mass psychology. the saying goes ' the trend is your friend'. If u follow him, you benefit. Dont follow is ok, but dont go against it. haha.
Forex is not for everybody. It's not for you, if you r one who cant accept failures, You are one who must WIN all the time, You are one who cries when u score 7 'A' out of 8 subjects in A lvls, cos u miss out 1 A, You are one who gets everything you want, You are one who never let go, AND, you are one who always hope.
Rationale behind it is simple.
Dont believe?. Haha, you can ask any of ur friends, who fits the above criteria, and try trading. Any trading will do, options, forex, stocks, futures..anything. you will see:D
Alright. Talk soon!
No comments:
Post a Comment