Sean's        

     Answers    

For 

           Timothy Chin

Here Are The Answers Specially For Your Questions, Timothy! Sincerely From Sean Toh.

Dear Timothy,

I'm glad that you will be coming to Singapore for a holiday in November and you will also be buying my book - " 4 Steps To Financial Freedom " as well as Nicholas' book - Handbook To FX." First of all, let me take this opportunity to congratulate you for taking actions to think about using Forex as a trading instrument to achieve your goal of financial freedom. 

In fact, Forex is one of the biggest market in the world, but not many people know of it or even trade it as compared to the stock market. The Forex market is an exciting alternative to any other markets but has been confined to banks and high net worth individuals. The scene has changed drastically with the advent of internet and broadband. With a deposit of a few thousands, forex trading has given retail investors the opportunities to trade hundred of thousand dollars online with great leverage on margin deposit. It has just beginning to be the playground of many small time retail players.

Here are some of my thoughts when it comes to investing for financial freedom if you intend to use Forex Trading, Timothy!

Some question I might asked myself if I'm going to use Forex to trade for financial freedom.

Question 1 : What is my risk profile? What is your investment risk appetite? What kind of investor are you?  (risk averter, cautious, balanced or risk seeker) Will Forex be an ideal trading instrument to achieve your financial objectives.

Question 2 : What is time horizon for investing if you intend to use forex trading to achieve your financial objectives? (1 week, 1 month, 1/2 year, 1 years, 3-5 years, more than 5 years) Your forex trading strategies will be determined by your investment time horizon that you have set for a particular investment objective and trading strategies will change when your investment objective and time horizon change also.

Question 3 : Do you have enough fund for emergency use and liquid assets to liquidate if your investment plan does not go according to plan? When must you exit if your trading plan goes wrong? Are you an emotionally cool investor that will exit when loss occurred?

Question 4 : How do you get into Forex trading if you have prepared a risk management plan to manage unforeseen investment outcomes. Are you going to trade online or get professionals to help you to do your Forex investment?

Question 5 : How much do you know about Forex trading and have you been educating yourself with enough forex investment knowledge and have acquired competence forex trading skills to trade with small amount of fund with confidence in the actual market?

Here is what I like to share with you, Timothy.

Before you can make some money from the stock market, currency market, mutual fund (unit trusts in Singapore) market, bond market, commodities market, etc, you need to decide which instrument you are going to use to create your first dollar, and then start educating yourself
first on the operating mechanism behind that instrument so that you are comfortable and confident to make your first dollar. Next, you have to practice what you learned on paper first for at least three months until you get your profits on paper before investing your money. Please remember every single dollar you manage to create from your earned income is hard
earned, so start small and invest wisely! As you gain confidence and start making money, you can then choose to learn another new instrument or still choose to rely on the first instrument to create even more wealth. You don’t have to know all the instruments because I myself continue to make money relying on the few instruments that have helped me create my wealth at the beginning. You see, Timothy. We have only 24 hours a day! We could only learn an investment instrument well and master it to make money for us. If you are already making money from one investment instrument, be a master at it just like Warren Buffetts. Till you are competence with your existing investment instrument, do you then go on to pick up a new investment instrument. It does not really matter to me which investment instruments I'm using as long as I could make the money using my base money.

Here are some resources about Forex trading that you might find useful!

Expert Forex Systems.com. Two Incredible Forex Trading Systems In One Book. Top Seller!

Forex Trading Machine. Revolutionary And Unique Method To Generate $500 Per Day Trading The Forex Market. Three Systems In One Course!

G7 Forex Trading System. Top Ranked Forex Trading System For Two Years Running! Harvest Profits From The Forex Markets Daily. Full Support And Training. No Experience Required.

The Blade Forex Strategies. Brand New Profitable Forex Courses: 3 Top Selling Forex Trading Systems In One Unique Package! 2 Long Term Systems And One Scalping System!

Forex Profits Book & Video Program. Forex Day Trading Book And Videos. Offers Full Back-end Phone And Email Support By 16 Year Trading Veteran.

Just Click The 'Play' Button Of The Video You Are Interested In & Wait For Buffering To Take Place. Buffering Of The Videos Will Take A few Seconds. Thank You For Your Patience.

Timothy, I could only give you a guide to the big picture. Forex Trading can be a great investment trading instrument if it fits your investment temperaments and it makes money for you. As to why there isn't any FX trading in the Finance & Investment section of my website? I'm also learning as much as I can as a professional Financial Consultant. This website is just one year old and we will develop based on the demands by readers as well as our team's competency to advise on the various subjects we are comfortable and competent in. Well, seemed that this will be a good start to get our Forex Investment section up in the near future as we continue to expand. I hope I have provided you with a clearer picture before you decide on your next move. Always remember, you are in control and responsible for your investment decisions even if you ask a good financial planner to help you achieve your investment objectives. Never put all your eggs in one basket, only master investors like Warren Buffetts or George Soros know what they are doing. Last but not least, wish you all the success in your investment endeavors. Before I end, Timothy!

Although I have recommended and advise you on lots of matters, it takes more than education, resources and advice for you to be successful. You need to be patience and committed to your plan to achieve a bit of success. It’s that bit of success that will motivate you even more to learn and apply what you learned in life for your future success. Just in case, if you have been waiting the whole day or week for all the answers. I will like to apologize for the delay to your answers because I believe in giving my best advice to you personally and sincerely from my heart. I needed the time to understand the problems you faced, understanding them and finding the right resources for your education so that you have a higher success rate when you implement your plan.

Last but not least, may I wish you all the success implementing the plan and achieving some results that you can see for yourself. Do consult a proper financial planner or advisor if you are really in doubts. It's you that make the decision to decide if you want to be successful? Enjoy creating wealth with health. It’s has been my pleasure providing consultancy service to you, Timothy!

 Your Sincerely

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