Monday, January 4, 2010

Powerup capital review #10


Hi, we attended the 3-day course on Sept 2009. Kishore's presentation was 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 we got from him were: 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 channels like Bloomberg, CNN that can make you rich!

Of course even a good teacher does not guarantee good students. You will likely start with losing your money like we did when you enter FX trading. After all we 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.

Jenny and David Chua

Singapore

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