Powerup Capital Review #50

We would like write a detailed report on a forex broker in Malaysia.

Instaforex has been around since 2007. They are the only broker we know that can help us withdraw our profits into our Maybank2u account. This indeed is very convenient. We can get our withdrawals within 24 hours. 

The interesting thing about Instaforex is that when you deposit, the rate would be at 3.7 and when you withdraw, the rate is at 3.6. This broker can give you such high rates is because they do not follow the local Malaysian bank exchange rates.

For example when you deposit USD250, it would cost you RM925. But when you withdraw a profit of USD100, the amount that would appear in your Maybank2u account would be RM360.

The sign up for this broker is very easy as the online agreement with the broker is so good that you do not need to scan your passport and send them a copy of your bank statement to open an account unlike other overseas brokers. You can immediately open an account, deposit, and start trading in 15 mins!

The way to find out if this site is a phishing/scam site or not, you can verify the security by checking this green bar in your internet browser:

A online security certificate is also present to ensure that this site is a legitimate site:

Opening an account with Instaforex is very fast and secure because this is their competitive advantage compared to other brokers. Most importantly, Instaforex has an office in KLCC in case of any disputes. This also gives a local presence of the company in the country they are operating in.

 Instaforex Malaysia's address is:

INSTAFX (M) SDN BHD [869598-M]
Level 40,Tower 2,
Petronas Twin Towers,
Kuala Lumpur City Centre
50088 Kuala Lumpur, Malaysia.

Feel free to visit their office and enroll in an introductory course on how to use their trading platform if you have the time.

The advantage of using Instaforex is that their trading platform is based on the Metatrader 4 platform. They renamed this software to Instatrader for branding purposes.

As you know, the Metatrader 4 platform gives you the opportunity to trade in micro lots (0.01 lots).

When you sign up with Instaforex, you will be given a 30% bonus on top of your deposits. For example, when you deposit USD250, you will be given USD75 as bonus. But wait. There is a catch!. This USD75 bonus cannot be withdrawn out. This bonus would only act as interest free loan money for you to make trades.

The advantage of Instaforex is that they give you a leverage of 1:1000. With this advantage, you do not need a very high margin to trade a major lot. For example, some brokers would require you to set aside 10% of your deposit when you trade a major lot. Brokers in Singapore that offers a leverage of 1:200 would require you to set aside USD100 when you trade 1 mini lot when your total deposit is USD1000. The lower the leverage the higher margin required, hence a higher deposit is required. Not very good for beginners when their trading capital is small.
 
With high leverage you can place more trades without being tied down by high margins. In other words, you can deposit less than USD1000 and you can be on your way to making  major lot trades! Perfect for new traders who are still test driving the forex market.

Instaforex is the only broker we know that offers Swap-Free Forex accounts without any charges. You do not have to pay interests when you hold you positions overnight!

For clients having live accounts from 100 000 USD a protection guarantee is issued by means of segregated Forex accounts.

Sign up for demo or real account here:

As a newcomer to Kishore's class, we recommend that you try out this free forex strategy on the Instatrader demo account first.
 
Hope this info helps!

Mahmood Yahya and family (Class of June 2010)
Muar Johor

Powerup Capital Review #49

Here's an update on the latest case between Kishore M and MAS:

1. We refer to the confusion that some readers may have experienced in light of the reprimand from MAS to Commerz Capital International Pte Ltd and Mr. Kishore M. The reprimand can be found in the link below
http://www.mas.gov.sg/news_room/enforcement/index.html

2. For clarity and completeness:

(a) Commerz Capital International Pte Ltd and Mr. Kishore M. both held their respective valid licenses with MAS till 24 August 2009; and
(b) This was accurately reflected on Commerz Capital's website. 

3. However, due to technical and administrative problems with the website beyond the control of Commerz Capital and Mr. Kishore M., the statements pertaining to Commerz Capital's and Mr. Kishore M's licenses with MAS remained on the website till alerted by MAS; upon which, the statements were removed.

4. MAS has recognized the inadvertent nature of this omission and has stated that: "Following the Monetary Authority of Singapore's instructions to remove the representations from the Website, CCIPL has taken steps to remove the Website entirely."

5. In this regard, no further action has been taken by MAS. 

6. In addition, Readers will note that no allegations of impropriety have been brought up by MAS against either party in this matter, which is now closed.

7. Take notice that CCIPL and Mr. Kishore M. will take not hesitate to immediately institute legal proceedings against any person or body corporate who makes or causes to be made defamatory remarks or statements against CCIPL and/or Mr. Kishore M. and/or repeats or publishes the MAS reprimand out of context such that the same becomes defamatory.

Source [1]

Source [2]

Powerup Capital Review #48

I am a student of Kishore M's millionaire code workshop wherein he teaches everything  about forex, options, and futures.

Kishore M gives installment  facility to pay for his courses so I have paid very little to date.  I treat my course fees like an external financial course on top of what I have paid for for my MBA. I was at the invest fair myself along with 20 other participants who volunteered to promote Kishore’s workshop.

No other trainer at Investfair had their participants promoting for them. We did so because his technique works and we have benefitted. One of his students is Bellum Tan, the ambassador for Robert Kiyosaki and he has learned options and forex trading from kishore M . He personally mentioned his portfolio had increased from $5000 to $50,000 in 1 month and had showed us his trading statement. His videos have been around youtube.com for the longest time and if whatever that he preaches is wrong, his videos would have been taken down by authorities already!

Kishore M is the best trainer and his support system cannot be compared to anyone else. He trades live with his students almost every fortnight and has a live support feature on his website which no one offers. Yesterday (Friday) we students traded live along with him and I again made money .He keeps his word for his free resit . I have already attended his free resits. 

Some students mentioned about their LEAPS trade loss, however Kishore teaches very clearly  about risk management strategies. They should not have put all their money on one trade , if the underlying share is not good it does not matter whether you buy a long term or a short term option you are anyways going to lose . You cannot blame anyone except yourself. 

Please realize that it is “YOU” who made the wrong trade. If  Kishore did not do well then it is just not his fault that the entire finance and banking industry was affected by market volatility. Didn't you put a stop loss to your trade?

Look at the stock market crash (China Index, India Index, Singapore Index, US Index etc) recently . Most of the unit trusts are losing the money of investors, why don’t you guys go after the unit trust agents?  It is because you know you cannot? Is it because they have a better brand than Powerup Capital? Is it because unit trusts are a safe haven for investors? Please think about it.

In life, when people make money they take full credit and don’t write good things about the trainer but when they lose money then they blame their trainers. Stop blaming others in life for your own failures. That way you should blame your parents for giving birth to you and making you suffer. If you were not born in the very first place you would not have to go through this pain so why don’t you guys create a blog on your parents and put their pictures and start defaming them. You know you wont because after all they are your parents. 

If you have a problem, meet Kishore in his Powerup Capital Office in Singapore. He is very approachable. So many speakers have come and gone but he is still around because alot of attendees have benefited and those who have not have either done the wrong thing or are too greedy and think that forex trading is a get rich quick scheme!

I don’t win on all trades but I have more profits than losses. I look at the big picture of trading. I don't determine my failed trades using the law of small numbers like most new traders who are merely gamblers than investors.

You must understand that Kishore receives emails and phone calls from thousands of his students there is a possibility that there is some delay to his response. But what stops you from picking a phone and calling him at

 
PowerUp Capital Network Pte Ltd
111 North Bridge Road #05-02
Peninsula Plaza Singapore 179 098

Email: contact@powerupcapital.com
Tel: 65-64735343
Fax: 65-64231201

I have done that several times and he returns my calls when I leave a message. I do hope you take massive action in getting yourself started with forex trading. It's the most rewarding thing you can do for yourself and your family. Make time and learn from Kishore M.

God bless,

Aye Aye

Thank you guys for giving me a spot to write my point of view here.

Powerup Capital Review #47

I was very excited when I first heard that Kishore M was going to launch Instant FX Profits. It is not usual that I see financial experts like Kishore M take time to create and package such a unique online forex course because nowadays, there are a lot of wannabe experts and scammers that are unknown who claim to know a lot about forex trading. In this context, Kishore M is far from being a novice.

Kishore M is a man who has run live forex trading workshops for over 9 years around the world including: Hong Kong, London, USA, Australia and Singapore. This is testified by Success Resources Singapore that once invited Kishore M to share his story in their financial expo in 2008. Kishore M has taught over 70,000 people both offline and online on how to become expert forex traders like him. Since 2008, he had compiled his entire forex training material and turned it into a home study course called Instant FX Profits.

The question now is, is Instant FX profits any good? Does this course really add value to the common forex trader out there? As from the research done from being a member for 3 months I found that Instant FX Profits gives an unfair advantage to new and seasoned forex traders. This online learning course had been updated for over 2 years and contains more than 50 hours of forex trading techniques, strategies and examples. There are even 10 hours of footage from some graduates of the course that came back with profits and are now willing to take part in teaching the newcomers and juniors.

To add on to the tutorial videos, there is a massive amount of e-books and slides in the material library. Honestly, this course is not for everyone because it's not cheap and it takes at least a few weeks to go through the entire course before beginning to trade. However, the materials in the course would give you better ideas in making profitable trades. In order to benefit from the course, I suggest that you make time learning one video at a time.

Practice and test out one strategy at a time before moving on to making more money using the other 5 techniques delivered in the course. Each strategy guarantees a substantial amount of profits and it is advisable to make money using one strategy at a time. One particular thing I noticed about this course was that Kishore had taught his students how to setup a state of the art profile for a forex trading software. This profile helps the trader save time when choosing the right pair of currency to trade during market trends.

Kishore M should have reduced the amount of information in the course but I can't blame him for overdelivering what he had promised all these years. We hope our review will give you a better understanding on the product before you make the purchase.

Trading forex and loving it,

Crystal Jane Chan

Ang Mo Kio

Singapore

Powerup Capital Review #46

Here are some leaked videos of Kishore M explaining to a class about the power of compounding profits in forex trading.

Follow Kishore M here

Powerup capital review #45

Hi it's been a while since we last posted.


We stumbled upon a good article on money management in forex, enjoy:

     The key to mastering money management is shifting your attention from the dollar value of your profits and losses to their percentage value of your account balance.

     Once you have trained yourself to think of your profits and losses exclusively in percentage terms it will be a simple mathematical task to stick to your money management system (e.g. just enter your constraints into the money management calculator and it will give you the number of lots to trade).

    As you account grows this practice will help you to avoid the hesitation in placing the trades when the absolute value of the dollars risked becomes very large - since you will know at that moment that you are still risking no more than amount dictated by your money management system (which will have played a major role in getting your account to that level in the first place).

    You should also remember that the outcome of any single trade is almost always random. It is, therefore, not practical to attach yourself too strongly - either emotionally or financially (by risking too much)- to the result of any one trade or a series of trades. This concept of randomness is incorporated into all the trading simulators on this site which use random number generators to determine if any single trade is profitable or not.

    As with the forex trading system, you can receive protection from your own destructive tendencies by closely following your money management system. 

    It will protect you from greed and pride (which always demand that you overtrade) when your system generates unusually large number of winning signals in a row. It will also protect you from trader paralysis (inability to open new positions) when your system goes through a losing streak because you will know that, as long as you risk a small fraction of your equity per each trade (as is set by your money management system) and use a currency trading system with positive mathematical expectation, no string of losses can wipe out your trading account.

Source

Hope this researched article had served you in someway in making you a better trader!

Warmest regards,

Team members of Powerup Capital Review