Is it necessary to have a mentor?

[zynetic]

Originally Posted by Persiankiwi

in Forex - we are all foreigners.

Out of interest - where do you live?

I live in a little village off the coast of Europe called London you might have heard of it; it was once famous for a plague then a big fire but sadly 99% of the inhabitants have also never heard of Forex. Indeed if you walk up to a lady ask her what she thinks about FOREX you are more likley to receive a slap in the face a prosecution for indecent behaviour rather than an answer to your question! However with the aid of the internet I have located signs of intelligent life elsewhere on this strange planet.

My advice to you is that having a mentor is not necessarily like having a girlfriend in secondary school. you dont have to ask - just follow the threads on this site you will eventually see some reasoned comments. Personally i have seen more logic bantered around on this site than some so called mentors who charge thouss of dollars for a few cd roms.

There are a few mentors currently on this site i can refer you to if you want.

pk

Wow!..That's a good example........ thanks a lot.

I'm living in a small province in Thail I'm still looking for a mentor.
But before getting anyone to give me advice. I'll need to complete my basic study first. I would be very appreciate if you drop by your e-mail to mine:

zynetic@gmail.com

SO next time when I need a thougthful advice.....I can ask you through your e-mail (I hope you don't mine)

Thanks a lot!!!!
happy trading

[Persiankiwi]

Originally Posted by zynetic

Wow!..That's a good example........ thanks a lot.

I'm living in a small province in Thail I'm still looking for a mentor.
But before getting anyone to give me advice. I'll need to complete my basic study first. I would be very appreciate if you drop by your e-mail to mine:

zynetic@gmail.com

SO next time when I need a thougthful advice.....I can ask you through your e-mail (I hope you don't mine)

Thanks a lot!!!!
happy trading

Zynetic my friend. I shall certainly email you my details also i will send you a few interesting articles i have gathered various sites. but what i strongly suggest you do is follow the link below to a thread on this site which has caused a huge amount of interest recently which i am following very carefully. It is a very fascinating system I have been demo trading it for a short time with a respectable success rate. get involved in particular read the first post Hans123 which sets out the whole system. ignore all the posts about computer programming it's all nonsense - you will do fine with a calculator a scrap of paper to do your calculations:

http://www.strategybuilderfx.com/for...39&page=1&pp=8

when i have made my first million on Forex i plan to holiday in Thail big time.... so maybe we meet - LOL

pk

[AlphaTrader]

Originally Posted by Persiankiwi

when i have made my first million on Forex i plan to holiday in Thail big time.... so maybe we meet - LOL

pk

Its good to be optimistic good luck. Why Thail? i have never been so I dont know.

[zynetic]

Originally Posted by AlphaTrader

Its good to be optimistic good luck. Why Thail? i have never been so I dont know.

Why Thail?.......Hmmm......let's spend your holiday here once you'll wish to come back.
There're a wide range of activities cultural history within the country.
modern living to conservative beauty. I used to work as a tour guide when I was at my university.
Great shopping Premium foodaffordable accomodation Beautiful tourist spot Friendly people........What more do you want!!!!


........I think it's one of the country that you can trade FOREX with a low spending cost.

[AlphaTrader]

Originally Posted by zynetic

Why Thail?.......Hmmm......let's spend your holiday here once you'll wish to come back.
There're a wide range of activities cultural history within the country.
modern living to conservative beauty. I used to work as a tour guide when I was at my university.
Great shopping Premium foodaffordable accomodation Beautiful tourist spot Friendly people........What more do you want!!!!


........I think it's one of the country that you can trade FOREX with a low spending cost.

Yeah i know i was just wondering why go to Thail when he makes a million? Surely he could go somewhere like the bahamas then. while there set him self up an IBC an offshore bank acc . Just my thoughts. Isle of Man is prefered by the brits but bahamas has better banks. Or you can just set up the IBC there use a swiss bank. Cos Half of that million will belong to the goverment we dont want that do we. So plan your outs my friend.


I dont doubt that thail is a beutifull country. i will go there one day but am more of a winter person snowboarding is my thing.

[Persiankiwi]

Originally Posted by AlphaTrader

Its good to be optimistic good luck. Why Thail? i have never been so I dont know.

a couple of points:

1. Thail has always appealed to me because many years ago I used to work in a company which sold new Mercedes cars to Thail I dealt with a lot of Thai's. I enjoyed their food culture what I learnt of thier country seemed nice. I imagine it's a really great place to be with a Million Bucks in your bank account......

2 On the issue of bank accounts governements - I am already trading off-shore as far as any tax authority is concerned I have set up my affs very strictly in that manner so as to ensure that any profit is not shared with ANY government in any way. Its my effort my friend I aint paying no chancellor a share of it. Capitalist to the core---. I strongly suggest that you also address this question in Aus. Trade with an American institution through an offshore limited company channel all your dough through them. as long as you do not spend the dough in Aus the gov cant's touch it - plus there are also ways around that too so don'y worry.

pk

p.s If I do get to Thail I will also pop over to your end of the globe spend a few months walkabout on the Golden Coast - so don't feel left out. After all all I need is a laptop a wireless connection I'm in the office! Plus I have family to see in NZ!

[AlphaTrader]

Originally Posted by Persiankiwi

2 On the issue of bank accounts governements - I am already trading off-shore as far as any tax authority is concerned I have set up my affs very strictly in that manner so as to ensure that any profit is not shared with ANY government in any way. Its my effort my friend I aint paying no chancellor a share of it. Capitalist to the core---. I strongly suggest that you also address this question in Aus. Trade with an American institution through an offshore limited company channel all your dough through them. as long as you do not spend the dough in Aus the gov cant's touch it - plus there are also ways around that too so don'y worry.

Already taken care of my friend offsore is the way to go. Have fun in thail i dont feel left out just wanted to know why thail.

Originally Posted by Persiankiwi

So far I am not doing too well but frankly I have not been giving it the attention it needs. Because it's demo trading I have a tendency to take risks that i would not take in real life i also have the illness of letting losses run (with considerable prayer) cutting profits short.

Also I though that you where only demo trading as stated in this thread beforeh so which one is it? You dont need to go offshore to demo trade
Well there it is.
All the best.

[Persiankiwi]

Originally Posted by AlphaTrader

Also I though that you where only demo trading as stated in this thread beforeh so which one is it? You dont need to go offshore to demo trade
Well there it is.
All the best.

Yes - I am demo trading at present. But after the Christmas Hols I propose to go live. Have not formally chosen a broker yet but have been referred to www.whselfinvest.com by some online traders who seem to know what they are doing. This company covers Europe.

I am testing a system right now the results seem ok albeit up days/down days syndrome. On the whole as things st for December I am wavering around the breakeven point which is not bad considering I took some heavy losses on a few trades.

My system takes me into the market on EUR/USD GBP/USD at 0900GMT I am out everyday at the latest by 0000GMT. A condtion of the system is that it is traded DAILY irrespective of market state. The overall system is looked at not selective trades. I would be happy to share it with you if you are interested.

On a more personal note - I suppose you have gleaming sunshine lovely weather down there in the S Pacific right now. Well we have the usual. Rain damp misery. Not to mention a big fire pouring smog soot all over everything!

pk