It is 1pm ... just had lunch by my own and going to blog for half hour or so ... before another tuition class .

If we are newbies to trading, I would strongly advise that you start with increasing our knowledge, in which ... due to information overload, many BS fake things we will read. It is near impossible for newbies to understand WHAT to filter and what is not.

Take that piece of advice.

You see, as majority are losers out there (80% , the said) there is no way that we ask around and fund someone who will tell us the truth about their trades and also what is the so-called BEST method to trade consistently.

You may attend a FREE talk on trading FCPO ... they scam those advertisements in telegram, watsapp and all social media groups/pages ... FREE? Tell the speakers or organiser ... HEY, if you know how to trade FCPO (Rm25 per point, ya!!), why are you STILL giving free talks in small-scales and such? WHY still trying to SELL some software which could beat the markets? WHY still charging fees for buy/sell signals? WHAT?

We can use that software ... long or short in huge manner, and profit so-so well in FCPO, right?

Imagine : one contract = RM5k capital.

RM25 per point ... long and gain 20bits = RM25 x 20 = RM500 per lot.

LONG 10 lots (or bigger la) ... RM5k profits in a "simple" ONE HOUR (it moves 20bits easily, up or down).

Then, we SHORT ... when the signals shown, and profit another RM5k the next hour!!

Simple as that ... RM10k profits per day, utilising RM50k capital. That is a cool 20% per DAY.

Assuming we do that consistently, RM50k profits = 100% per week.

So ... do you think I will sell you the software to trade well? i will be using it myself, trading for living. In fact, I could gather some seriousinvestors to put in huge money and trade 100lots, instead of just 10lots ... or my pathetic daily 1 lot trade?

It is NOT realistic ... the issue of RISK comes into mind.

There is no system or softwares to generate such trade-signals. Otherwise, it will NOT be sold out there to public!! Simple common sense ... those promoters and speakers earn money by selling softwares and it is not wrong at all. Both willing parties ... why not? It is just like buying those massage chairs rather than going for massage regularly ... but not neccesary as effective or we are using them, right? haha.

Trading for living is real ... real trades using real money and trading real instrument.

It is hard if we are trading stocks as besides needing huge capitals, we need to buy at lower price, to sell higher. We could not "SHORT" ... sell first and buying it back at lower.

Trading supposed to be TWO ways ... long or short. Softwares or tools just to help up. So, those are not expensive, some even provde free charts. Wen-hua charts are FREE ... and the best around. Who says free is not good? That is because they want to justify us to invest in their expensive softwares, right?

I do not know how to read chinese ...but we all know how to read MA or indicators, right? Support-Resistance?

I have been trading FCPO for past 2-3 yrs ... initial years was crazy, and got burnt. Again ... burnt. Then ... I paused for months, before re-examined the strategies and getting wiser!!

Now, if is possible to generate few 'k' profits (from RM10k-RM20k capital) per month. POSSIBLE ... but very challenging. If we are un-realistic person, we could not be a trader.

I do hope to know real FCPO traders (for living .. not only those working in banks) .. those trading for living. Those REAL traders ... shall we meet up?

Normally, our brokers would provide us charts too : TCPro is very good.

But as I m so used to wen-hua, I m sticking to it ... to trade SOYOIL and FCPO.

https://www.wenhua.com.cn/

Here is the link to download the desktop which I do not use ... I m using the apps.

One could 'google' trading FCPO or youtube ... check if there is any GOOD and REAL traders in FCPO, successfully ... and being a full-time trader ... earn good living from trading !!

I m still searching for those traders ... not promoters. It is like ... very few.

Well ... I will see hw far I could survive , swimming with the sharks.



But ... I will not quit. I will continue to probe on ... and come out with a consistent system to trade well, profitably.


Note : I m interested to meet with those full-time REAL traders or those intend to trade ... full-time, in future. Contact me : cpteh@yahoo.com

Have a nice trading week ahead.

TEH