Forex trading club


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tamilkuravan   
Member since: Jun 05
Posts: 5775
Location: God's own country

Post ID: #PID Posted on: 15-05-07 09:42:08

Why do i not see feedback from the 8 people who attended Khan's workshop?
If the teaching had been good and those 8 people really saw a chance to make money, why are they not telling other CD's?
Or was it decided that FOREX is not for people who are already on the job?
Your feedback can enlighten us all. Would some one be kind enough to come forward and share their views?
TK A


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I am a Gents and not a Ladies.


chandresh   
Member since: Mar 03
Posts: 2606
Location: Toronto

Post ID: #PID Posted on: 15-05-07 09:49:06

While I was the first person to say that this was a good idea (which was floated by me a year or so back), I was not able to attend this presentation last Saturday. Can someone who attended this evening presentation write something about it in layman language (ftlf's posts go over my head - I do not understand a word of his shakespere type (for me) language).

So guys tell us what you did there, what was the presentation for and how difficult or easy you guys found his style of trading?


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Chandresh

Advice is free – lessons I charge for!!


Val   
Member since: Oct 03
Posts: 189
Location: Toronto

Post ID: #PID Posted on: 15-05-07 10:38:50

Hmmmmmmm........

I was holding myself back..the reason....!!! I could not come to a decesion.
So let me put it as is in my head and you can decide on your own..

I was one of the participant. While there, the discussion was centered on Russel 2000 future index which was an exchange index, and not on Forex as was originally expected, Mr.Khan showed us the graph the way Russell 2000, moves, and he says he has observed some key timings the way index moves and because of this quality, he says he can to a large extent time the entry and exit to the index which to my knowledge every investor dreams of.

This he says he does with the help of the software/Graph/Technical analysis more specifially moving averages.

Finally the meeting was inconclusive, as he is looking at 20-30, people to start with, which is not practical considering the fact that everybody is working.

Since he says, he does not charge, and as I have already taken a plunge into the day trading....few....weeks back...I am free for the time being... and would like to learn more from Mr.Khan...

So Mr.Khan please advise the lessen no.2 of how to make money....


Thanks





peacock1   
Member since: Jul 04
Posts: 1040
Location: Woodbridge

Post ID: #PID Posted on: 15-05-07 11:03:33

Hi all ,
I too was a participant @ Mr Khan's residence.
I agree with what Mr Val has stated. As I am currently trading only forex, trading "Russel" which is Mr Khans forte of teaching I am presently not pursuing due to my own precommittments in my full time work, but I am surely keeping this in mind for my future plannings, whenever I am able to take off for a couple of days together.


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mor

Whenever you experience joy, peace, security, equanimity or purity, it is only because you are aligned with ALMIGHTY.


mkannuri   
Member since: Nov 06
Posts: 409
Location:

Post ID: #PID Posted on: 15-05-07 11:34:14



Hi folks,
I did attended the meeting and could't get much out of it(in terms of techniques of trade). As i am a newcommer to trading, so i decided to start learning with russel 2000 itself. For me it does not matter weather Forex/index/comodities...as long as they don't byte my hard earned savings.

As far as Mr.Khan's vision, getting 20 to 30 people....One way it gives seriousness of the activity and the other way office expenses will be minimised by sharing amoung the group.

In my openion, every individual who wants to be part of this group should learn the basics and get the confidence of the trade to some extent. Then its easy to take a descision to form a group and share the office and do full time proffessional trading (it can be forex or russel or some things else).

Even Mr.Khan might have decided thought the same by offering training for one individual at time for 10days. I guess this is a good option for those who are working full time for bread&butter and later on can form the group and prosper all together.

The above are my observation as a layman's understanding about this trade. Please suggest other options that can be achieved practically.

Thank you
madhu


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MK


chandresh   
Member since: Mar 03
Posts: 2606
Location: Toronto

Post ID: #PID Posted on: 15-05-07 11:57:11

I am unable to understand why a minimum base of 20-30 persons is required? An office space of say 800 sqft should be enough for even 5-10 persons and should usually cost about 1500 to 2000 per month which could mean about 250 to 350 per month per person - which is a day's profit.

In my opinion, things can be started with a group of even 5 persons - and it is not necessary to rent an office - a basement can be rented for that which will have good lighting and internet connection and can be leased on month to month basis so that one does not get stuck with a long lease if things do not work out the way it was planned. If it is able to grow, basement can be changed to a regular office after a few months/year.

However, the question is - it it a forex club or index club or all? and how convinced are you guys that Khan will be there to support you all the while. Moreover, is there any software to be purchased - if yes, how much does it cost?

So how was the presentation itself? Did it teach you guys somethings that you did not know. Was the potential loss highlighted? How much can one lose - meaning what is the downside?


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Chandresh

Advice is free – lessons I charge for!!


pratickm   
Member since: Feb 04
Posts: 2831
Location: Toronto

Post ID: #PID Posted on: 15-05-07 12:06:24

Quote:
Originally posted by mkannuri
For me it does not matter weather Forex/index/comodities...as long as they don't byte my hard earned savings.

If preserving your hard earned income is your primary concern, then may I suggest that forex and commodity trading may not be your cup of tea.
In my knowledge, there is a big downside of losing huge amounts on money in this kind of trading if you make a wrong decision, just as there is the potential to earn huge amounts of money.
If the thought of losing your last month's paycheque in less than 10 seconds in forex trading gives you sleepless nights, then please reconsider.
Just my humble opinion.


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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."

-- Rhett Butler in "Gone with the Wind"



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