I was in the papers!! StarBiz Aug 15th, and I didn't even know : )

>> Wednesday, August 26, 2009

Hey i was in the papers and i didn't even catch it until today! darned!

: )
Great thanks to the Legendary Pooi Ling and Hung Yee from The Star. LEGENDARY..
My section is in bold blue letters below. YAYY!!

Saturday August 15, 2009

Cashing in on offshore investment


INVESTMENT in today’s context is really a big word as we increasingly become globalised in our financial activities. Given the liberalisation coupled with technology advancement, retail investors can easily invest offshore without having to leave home.

An increasing number of stockbrokers offer foreign share trading accounts to clients. They include HLG Securities Sdn Bhd, OSK Investment Bank, HwangDBS Investment Bank and CIMB-GK Securities. Securities houses such as CIMB-GK provide trading in the US market.

A local dealer says the abundant liquidity, overseas government support and liberalisation from the local government have fuelled retail investors’ overseas buying spree.

However, he says offshore investment decisions should be given due consideration and be well thought out before they are executed.

“Every foreign country has its risk profile in terms of investment opportunities based on their respective domestic financial markets and monetary policies,” he says.

Although his brokerage has yet to offer overseas trading, he advised clients who wanted to trade overseas to open an account with the brokerage in Singapore.

According to the dealer, opening an offshore investment account was “fairly easy”. He says the charges in Singapore were cheaper.

Although some offshore trading transactions were still executed via dealers, with the Internet, access to information is much more efficient. Investors can easily key in the counters or securities code to view the share movements as most brokers’ websites provide live update.

Share price movements are provided live on brokers’ websites. Decision-making by investors is faster and easier and they can source information from the websites of each individual stock exchange and companies.

Chan Seng Wah, 63, a retiree says he has been investing overseas for some time now and mostly in Hong Kong and Singapore. He says his investments are long term and mostly in blue-chip counters.

“I managed to buy some blue chip stocks in Hong Kong after the prices have been beaten down recently,” Chan says, adding that he is happy with his investments and prices have appreciated substantially.

Chan says overseas investment for him represents added opportunity and is a way to diversify.

“For example, the US and other foreign shares do not always move in tandem. When one is up, the other may be down, and vice versa,” he adds.

However, he says he had also made wrong market predictions and bought warrants, recording some losses. He recalls his shock when the Hang Seng Index plunge from 28,000 to 20,000 last October.

“Since the credit crunch I have become more cautious,” he adds.

For investors with the patience to do their research, international stocks can offer big rewards.

Benjamin Samin, 28, a project manager, started trading forex because the start-up capital was low. He spent a lot of time googling and a lot of time sitting on the floor of Kinokuniya and MPH to learn about the market.

“We can start with a small capital of US$1,000 and easily make returns. The forex market trades at a volume of four to seven trillion a day, so no single news or big investor can affect the market like it does in stocks,” he says.

Moreover, the market is open 24 hours, six days a week, he says, adding that it is good for people with a full time job as they can trade at night.

“The brokers usually give a margin to traders, at an average of 100:1, for example, for every US$1,000 you trade, you actually control a US$100,000 unit and the profits you get are from the investment of US$100,000,” he says, adding that in forex, the price fluctuations are relative to the economy of a particular country. So it trains you to have a larger view of the global markets, and to think like an economist.

“Although many people have lost much money, sometimes entire savings, in the forex market, it is vital to set stop losses intelligently on every trade to manage losses.

“Everyone will make losses, but it is when they don’t cut the losses that’s when they make the biggest mistakes and end up shutting down entire portfolios. If you can manage this, the volatility of the forex market gives a good 20% to 40% return on very short-term trade,” Samin says.

He started to make profit within four months. “I lost a good sum to start with, but I consider that my education.”

Lim Mee Ying, a housewife, says it is difficult for her to invest offshore and do all the necessary research so she parks her savings with managed funds.

She started with RM1,000 and has been getting steady returns higher than the fixed deposit rate, which is not a major feat considering how low the rates have dropped.

“Managed funds will presumably get you the same level of returns with less time and a lot less angst,” she says, adding that she looks forward to the statement from her management company as she usually gets good news.

Admittedly, a large number of investors are excited about being able to put their funds in foreign financial markets that suit their investment and risk profile. To them, the diversity and freedom to explore products from different markets add some spice to their life.

However, there are also conservative investors who are not so upbeat about investing abroad because they feel that offshore retail investment is too risky and not worth the time and effort.


Heres the link to the article guys. Print it, frame it and hang it on the wall okay.. i'll autograph it later. haha

: ) and a happy ramadhan to my Muslim Friends



Today's Crab Apples! 24 July, 2009

>> Thursday, July 23, 2009

*click on the image to see closer how much profits are made : )*

For those of you who are new to the concept of forex, THIS is how you trade on my dear platfrom MARKETIVA. I'm not promoting it per se, but it's probably the most trusted and the simplest one to use yet.

All this TALK of just forex has got alot of people drooling the floors, but it gets tough to visualize amidst the sea of technical jargon. well? HERE IT IS!! haha.. if you look closely at the pictures, u will see a column named "points" (aka pips). These number will represent the profits made in terms of points, regardless of the investment size.

As long as it's ALL GREEN, u are a profit maker, and you are what we call here, A MOTHER FOREXER. hahaha. Everyone will come across RED pips regularly but as long as you learn to manage your risk properly, you can avoid losing the BIG BIG BIG BIG BIG sums of money (like i did... at least i lost weight) trying to learn the market.

I will be posting more info on this and as Don Corleone once said, I'll make you an offer you can't refuse. No horse heads though. AND I PROMISE YOU I WON'T POST MILES OF CRAPPY TESTIMONIALS!!! They SUCK big time.

YOU can learn this stuff if u have half a brain.

I'll be teaching anyone who's here in Malaysia, with very one-on-one classes, maximum 5 - 7 students at a time. And it's WAYYYY CHEAP! I will teach till u get it. For those overseas, I'll be giving online tutorials via a CHAT messenger of your prefference and u get extra reading materials.

As of now, if you'd like more info, just drop me an email at benjaminsamin@gmail.com leaving me your name, address and phone number, and i will call you on a dime. : )

To the rest of you Mother Forexers and PIP Farmers out there, GOOD LUCK! wait for my daily news columns : ) adieu!



>> Wednesday, July 15, 2009

The Skinny on Forex Trading

What is FOREX?
The Foreign Exchange market, also referred to as the "FOREX" or "Forex" or "Retail forex" or "FX" or "Spot FX" or just "Spot" is the largest financial market in the world, with a volume of over $4 trillion a day. If you compare that to the $25 billion a day volume that the New York Stock Exchange trades, you can easily see how enormous the Foreign Exchange really is. It actually equates to more than three times the total amount of the stocks and futures markets combined! Forex rocks!

What is traded on the Foreign Exchange market?
The simple answer is money. Forex trading is the simultaneous buying of one currency and the selling of another. Currencies are traded through a broker or dealer, and are traded in pairs; for example the euro and the US dollar (EUR/USD) or the British pound and the Japanese Yen (GBP/JPY).
Because you're not buying anything physical, this kind of trading can be confusing. Think of buying a currency as buying a share in a particular country. When you buy, say, Japanese Yen, you are in effect buying a share in the Japanese economy, as the price of the currency is a direct reflection of what the market thinks about the current and future health of the Japanese economy.

In general, the exchange rate of a currency versus other currencies is a reflection of the condition of that country's economy, compared to the other countries' economies.
Unlike other financial markets like the New York Stock Exchange, the Forex spot market has neither a physical location nor a central exchange. The Forex market is considered an Over-the-Counter (OTC) or 'Interbank' market, due to the fact that the entire market is run electronically, within a network of banks, continuously over a 24-hour period.
Until the late 1990's, only the "big guys" could play this game. The initial requirement was that you could trade only if you had about ten to fifty million bucks to start with! Forex was originally intended to be used by bankers and large institutions - and not by us "little guys". However, because of the rise of the Internet, online Forex trading firms are now able to offer trading accounts to 'retail' traders like us.
All you need to get started is a computer, a high-speed Internet connection, and the information contained within this site.
BabyPips.com was created to introduce novice or beginner traders to all the essential aspects of foreign exchange, in a fun and easy-to-understand manner.

What is a Spot Market?
A spot market is any market that deals in the current price of a financial instrument.

Which Currencies Are Traded?
The most popular currencies along with their symbols are shown below:

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Forex currency symbols are always three letters, where the first two letters identify the name of the country and the third letter identifies the name of that country’s currency.
When Can Currencies Be Traded?

The spot FX market is unique within the world markets. It’s like a Super Wal-Mart where the market is open 24-hours a day. At any time, somewhere around the world a financial center is open for business, and banks and other institutions exchange currencies every hour of the day and night with generally only minor gaps on the weekend.

The foreign exchange markets follow the sun around the world, so you can trade late at night (if you’re a vampire) or in the morning (if you’re an early bird). Keep in mind though, the early bird doesn’t necessarily get the worm in this market - you might get the worm but a bigger, nastier bird of prey can sneak up and eat you too…

Time Zone

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The Forex market (OTC)
The Forex OTC market is by far the biggest and most popular financial market in the world, traded globally by a large number of individuals and organizations. In the OTC market, participants determine who they want to trade with depending on trading conditions, attractiveness of prices and reputation of the trading counterpart.
The chart below shows global foreign exchange activity. The dollar is the most traded currency, being on one side of 86% of all transactions. The euro’s share is second at 37%, while that of the yen is third at 16.5%.


PIPPIN TIME!! - Daily Forex News Calendar

>> Monday, July 13, 2009

Welcome everyone! Let's start PIPPIN!!!


Korek the Forek!! A place for all beginners to start, cut your losses and start trading like a professional : )

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