When I came back to Singapore 3 years ago, I attended this big forex conference where many of the foreign and local bucket shops spot forex brokers were gathered in a love fest to attract new cannon fodder to the community.
I quite like the format.
There are mini-tents with seating where you can just walk-in and listen to the snake oil sales pitches by the different brokers. And there's a main auditorium where invited speakers would spin their "A better tomorrow" dream to willing converts.
One local trainer caught my eye.
He spoke well. Dressed in a "different" attire to make himself stand out. He's only 28. A natural salesman.
The "free" training was not much different from what you could have gotten from reading Trading for Dummies on your own. But you should see the faces on some of the audiences - they looked enthralled as if this young man was talking about the "Holy Truth"!?
Towards the end during the Q&A session, this young trainer got too excited and let the cat out of the bag (he is a newbie in this training industry after all) - not that most of the audiences noticed:
1. He told the floor that his forex training academy is one year old.
2. Before setting up this academy, he started trading and took forex courses for 2 years.
3. He is very pleased as he made his 1st million through this training academy.
Can you see what I see? Hear what I hear?
I walked away smiling.
Was happy for this young trainer. You took forex courses he took forex courses. He now earned his first million and you still struggling to be consistently profitable in forex trading?
This young man got the "answer" real quick!
Funny thing though. I can't find his training courses in the local papers anymore. Maybe he has moved on to greener pastures? Or gotten so good it's pure word of mouth now. Who knows?
I would like to introduce you to a new trading blogger in our community with an interesting insight to this matter too:
Talk is cheap
I'll leave it to you to verify whether this new blogger is indeed an insider or making everything up. (You never know....)
If you can't verify, it may reveal something about yourself. Just like if you can't tell a fake Prada bag from the real thing, you are not much of a fashion connoisseur....
For those of you below R21, please don't visit his blog. (This is pure marketing - tell someone not to do it, lagi the more they want to!)
P.S. I've never understood this R21 rating. At 18 for men, we are trusted with a rifle to blow the brains out of our enemies, but NOOOOOOO.... We can't be trusted to handle a bit of violence and nudity until we are 21!?
Got logic meh?
Singapore Man of Leisure (welcome to my blog; just google it!)
